Annual FDI flows to Africa extend decline to $53bn
Foreign direct investment (FDI) flows to Africa fell by 3% to $53 billion in 2023, the latest World Investment Report released
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Economics
Nigeria’s inflation nears 34% despite fall in monthly food price growth
Nigeria saw its inflation rate rise to 33.95 percent in May from 33.69 percent in the previous month, new data
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Nigeria’s inflation crisis will be prolonged: Capital Economics
The inflation rate in Nigeria that is at its highest in nearly 30 years will stay elevated for long, analysts
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Nigeria’s May inflation seen defying CBN rate hike
The inflation rate for last month is expected to be higher than 33.69 percent despite the further increase in the
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Diageo set to exit Guinness Nigeria, signs deal with Tolaram
Tolaram, a holding company headquartered in Singapore, signed an agreement on Tuesday to acquire Diageo’s 58.02% shareholding in Guinness Nigeria.
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Nigeria’s foreign reserves extend rise, hit two-month high
Nigeria’s foreign reserves rose further last week, hitting the highest point in two months. The foreign reserves stood at $32.8
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Tinubu’s government risks repeating past mistakes: Capital Economics
The President Bola Tinubu-led government is at risk of repeating previous mistakes made by his successor as the country’s fiscal
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Nigeria’s GDP could gain $35bn from global malaria fight – Report
The GDP of Nigeria could rise by $35 billion if the UN target to significantly reduce malaria by 2030 is met –
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Africa’s remittance market seen reaching $500bn by 2035
The remittance market in Africa could be worth $500 billion by 2035, with mobile money seen as a game-changer in
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Global public debt nears $100trn, spurs call for urgent action
Global public debt reached a historic peak of $97 trillion in 2023, up by $5.6 trillion from the previous year,
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