Co-Secretary General of PAMA, Segun Ajayi-Kadir, cautioned that the GDP rebasing exercise should not be treated as an occasion for self-congratulation The 2025 rebasing of Nigeria’s GDP has recalibrated the size and structure of the Nigerian economy, placing it among Africa’s largest once again. But beneath the glossy numbers lies a more sobering truth: manufacturing…
Where should Africa align? Or can Africa strengthen AfCFTA at home while leveraging BRICS+ abroad—without being consumed by either? As global power blocs shift and trade alliances redraw themselves in real time, a strategic dilemma faces Africa: Should Africa deepen alignment with the BRICS+ group or consolidate gains under the African Continental Free Trade Area…
Google has launched Storybook, a new feature within its Gemini app, aimed at providing a creative and interactive learning tool for Nigeria’s 39 million children aged six and under. BusinessDay reports that the AI-powered feature transforms simple prompts, personal photos, and children’s drawings into customised, narrated storybooks, bridging a critical gap in early childhood education…
The country’s sugar consumption figures, foreign exchange realities and rising global supply chain uncertainties have made investments in local production more profitable than ever before.
• FCT, Abuja The National Bureau of Statistics (NBS) says that Abuja has overtaken Lagos as Nigeria’s top destination for foreign direct investments (FDI), referencing the inflow in Q1 2025 . In the report, Abuja, the Federal Capital Territory (FCT), attracted $3.04 billion in capital importation during the first quarter of 2025, surpassing Lagos, which…
US President Donald Trump said Tuesday that upcoming tariffs on imported pharmaceuticals could reach 250 percent, after starting at a lower level, while adding he plans to also unveil fresh duties on foreign semiconductors. “And then it’s going to go to 250 percent because we want pharmaceuticals made in our country,” he added. “We’ll be…
• Aliko Dangote and Benedict Oramah. Professor Benedict Oramah, President & Chairman of the Board of Directors at Afreximbank (African Export-Import Bank), says that the bank has raised a US$1.35 billion financing facility in favour of Dangote Industries Limited (DIL) for refinancing the Dangote Petroleum Refinery and Petrochemicals Complex. The facility is part of an…
• Dr Taiwo Nolas -Alausa The Chartered Institute of Directors Nigeria (CIoD Nigeria) has announced the appointment and resumption of Dr. Taiwo Nolas-Alausa as its new Director General/Chief Executive Officer. Dr. Nolas-Alausa succeeds Mr. Bamidele Alimi, who completed his second and final four-year term as the DG/CEO of the Institute on 31 July,2025. Dr Nolas-Alausa…
Nigeria’s Business Performance Index maintained positive momentum for the sixth consecutive month in 2025, reflecting sustained economic resilience and cautious optimism among businesses. Nairametrics reported that in the June 2025 edition of the NESG-Stanbic IBTC Business Performance Index for June which was released in July, the manufacturing sector rose to 113.6 points, an improvement from…
His tenure, which was due to expire in August 2025, will now run until August 2026.
