Amidst Nigeria’s foreign exchange woes and dwinling power of the naira, a leading travels brand in the country, Travelwings, has said that tourism can be a major source of foreign …
The Economy
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AVIATION TRAVELS & HOSPITALITYGLOBAL ECONOMY
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AVIATION TRAVELS & HOSPITALITYGLOBAL ECONOMY
Indonesia records first commercial flight with palm oil jet fuel
by The Economyby The EconomyWorld’s biggest palm oil producer, Indonesia on Friday flew its first commercial flight using palm oil-blended jet fuel, as the country pushes for wider use of biofuels to cut fuel …
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AGENCIESTECHNOLOGY
BREAKING: Tinubu removes NCC boss, NIPOST CEO, appoints new heads
by The Economyby The EconomyIn what seems to be a sweeping move to change chief executives of major Federal Government agencies and parastatals, President Bola Tinubu has removed the Executive Vice Chairman of the …
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MONEY MARKETNEWS & PUBLIC ECONOMY
Inflation may deepen in Nigeria, World Bank warns
by The Economyby The EconomyIf precautionary fiscal measures and coordinated approach against inflation are not taken, inflation in Nigeria will deepen, the World Bank has warned. The World Bank dropped the warning in its …
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CUSTOMSSHIPPING & TRADE
Customs brokers protest 200% import duty increase
by The Economyby The EconomyCustoms brokers under the aegis of the Association Concerned Freight Forwarders, ACFF, yesterday, commenced moves against the recent increment in the payment of import duties, a development they said would …
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NEWS & PUBLIC ECONOMYSMEs
Market women to get N75bn interest-free loan under GEEP program
by The Economyby The EconomyThe Nigerian government says it has concluded plans to give each of 1.5 million market women across the country N50,000 interest-free loan. The Minister of Humanitarian Affairs and Poverty Alleviation, …
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MONEY MARKETNEWS & PUBLIC ECONOMY
Fitch Ratings says value of naira will continue to fall
by The Economyby The EconomyCredit ratings and research firm, Fitch Ratings Inc., has said the naira will continue to depreciate against the dollar as the increasing disparity between the official and parallel exchange rates …
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NEWS & PUBLIC ECONOMYREAL ESTATE & CONSTRUCTION
Economists harp on PPP to develop infrastructure in Nigeria
by The Economyby The EconomyLeading economists in Nigeria have again harped on the need for state governors and federal government to embark on aggressive drive to develop infrastructure acrossboard using the public-private partnership (PPP) …
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FOREX, COMMODITY & CRYPTOCURRENCY
Pi Network unveils major updates and vision ahead of mainnet launch
by The Economyby The EconomyPi Network’s Core Team has initiated a series of major updates, shedding light on the project’s achievements, vision, and the true number of Core Team members globally. This move comes …
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AGENCIESNEWS & PUBLIC ECONOMY
Wike sacks heads of 21 govt agencies, parastatals in FCT
by The Economyby The EconomyThe Minister of the Federal Capital Territory, Mr Nyesom Wike, has again wielded the big stick and this time around he has sacked heads of 21 parastatals, agencies, and government …