The Petroleum Training Institute (PTI) has called for the expedited inauguration of the Africa Energy Bank (AEB) to improve access to affordable energy financing and drive sustainable development across the continent. Dr. Samuel Onoji, Principal and Chief Executive of PTI, made the call on Wednesday in Abuja at the opening ceremony of the 4th Biennial…
The International Monetary Fund (IMF) has forecast a slowdown in global economic growth from 3.3% in 2024 to 3.2% in 2025 and 3.1% in 2026, warning that rising protectionism and policy uncertainty could weigh on recovery. Presenting the IMF’s October World Economic Outlook in Washington on Tuesday, Tobias Adrian, the Fund’s Financial Counsellor, said advanced…
Nigeria’s Vice-President Kashim Shettima has said President Bola Tinubu’s reforms are reshaping the economy and opening new doors for global partnerships. Shettima spoke on Monday in Abuja during a meeting with a VISA delegation led by Tareq Muhmood, the company’s Regional President for Central and Eastern Europe, the Middle East and Africa (CEMEA). He described…
West Africa’s regional bloc ECOWAS is preparing to launch a private sector-led Business Council (EBC), described as a transformational platform to boost economic integration, competitiveness and cross-border trade. The ECOWAS Commissioner for Economic Affairs and Agriculture, Massandje Toure-Litse, said in Abuja that the EBC was “designed by private sector leaders, for private sector leaders” and…
The International Monetary Fund (IMF) has projected global economic growth at 3.0 per cent in 2025 and 3.1 per cent in 2026, as significant policy changes continue to shape the global economic landscape. This is contained in the IMF’s July 2025 World Economic Outlook (WEO) Update, titled “Global Economy: Tenuous Resilience amid Persistent Uncertainty”, released…
The World Health Organisation (WHO) has announced that the global nursing workforce has increased, growing from 27.9 million in 2018 to 29.8 million in 2023. However, WHO also raised concerns about significant disparities in the availability of nurses across different regions. In a statement released on Monday, WHO highlighted the findings from its State of…
Indonesia’s Coordinating Minister for Economic Affairs, Airlangga Hartarto, on Wednesday announced that the country was ranked second in economic growth among G20 countries. In the Association of Southeast Asian Nations (ASEAN), the country’s performance is second only to Vietnam, which recorded a jump of 6.93 per cent. Hartarto said Indonesia’s economy expanded by 4.87 per…
Nestlé Nigeria has reported a 61 per cent revenue growth of N294.9 billion in first quarter of 2025. This is compared to N183.5 billion reported for the first quarter of 2024. The company disclosed this in a corporate disclosure sent to the Nigerian Exchange Ltd. on Wednesday. Its operating profit grew to N74.1 billion, representing…
The Federal Government says significantly reducing or completely eradicating malaria in Nigeria can lead to a major boost in economic growth. Dr Aminu Umar, Special Assistant to the National Coordinator of the National Malaria Elimination Programme (NMEP), said this during an interview with the News Agency of Nigeria (NAN) on Sunday in Abuja. NAN quotes…
The insurance industry has recorded 61 per cent year-on-year increase in third quarter (Q3) of 2024, reaching N1.2 trillion. Mr Kunle Ahmed, Chairman of Nigerian Insurance Association (NIA) disclosed this during a quarterly news conference on the performance of the industry by the association in Lagos. Ahmed said this growth was largly driven by the…
