Category : Search result: 1 trillion economy


German Factory Orders Decline in June 2024

Germany's factory orders unexpectedly fell in June 2024, raising concerns about Europe's largest economy. Latest data shows manufacturing sector struggles continue.

Tinubu Seeks Senate Approval for ₦15.4 Trillion Loan

President Bola Tinubu has formally requested Senate approval for a ₦15.4 trillion loan facility to address critical infrastructure gaps and economic challenges. Get the full details on this major financial move.

APC's Emami Warns Against 15% Fuel Import Tariff

Prominent APC leader Henry Emami raises urgent concerns about Nigeria's planned 15% fuel import levy, predicting severe economic consequences including higher transportation costs and increased inflation for ordinary Nigerians.

SWDC Plans to Transform Southwest Nigeria into Trade Hub

The Southwest Development Commission reveals comprehensive strategy to transform Nigeria's southwest region into Africa's next economic powerhouse through infrastructure, agriculture, and technology investments.

Nigeria's GDP Data Blackout: NBS Shutdown Bites

Nigeria faces economic uncertainty as NBS fails to release crucial GDP figures amid nationwide strike, leaving investors and policymakers in the dark about economic performance.

Sanwo-Olu's ₦2.7bn Relief for Lagos + FG's ₦75k Nationwide

Lagos State Governor Babajide Sanwo-Olu has initiated a massive ₦2.7 billion financial relief program for vulnerable households, while the Federal Government expands its cash transfer scheme nationwide with ₦75,000 payments to millions of Nigerians.

Tinubu imposes 15% tariff on imported fuel

President Tinubu's administration has introduced a 15% import levy on petroleum products, signaling major changes for Nigeria's energy sector and potentially affecting fuel costs across the nation.

Nigeria's Economy Improving, Nearing Stability - IWG

Nigeria's economic outlook shows promising signs of improvement as the Inflation Working Group manager confirms the economy is approaching stability with reduced inflation and strengthened Naira.

Kwara State Aims to Become Nigeria's Next Tech Hub

Governor Abdulrahman Abdulrazaq unveils groundbreaking technology development strategy to position Kwara State as Nigeria's next innovation powerhouse, creating massive opportunities for youth and investors.

Xi-Trump Talks: Nigeria Economy Impact Analysis

Recent phone discussions between Chinese President Xi Jinping and former US President Donald Trump generate hopeful signals for China-Africa trade partnerships, with Nigerian economists watching closely for potential benefits.

Eurozone Growth Beats Expectations in Q1 2024

The Eurozone economy has delivered a powerful performance, exceeding all forecasts with stronger-than-expected growth in the first quarter of 2024, driven by Germany's recovery and resilient consumer spending.

Tinubu Slashes Petrol Import Duty to 15%

In a major economic move, President Bola Tinubu has approved a significant reduction of import duty on petroleum products from 35% to just 15%, aiming to ease fuel costs and boost economic activities across Nigeria.

Naira Soars to 10-Month High Against Dollar

The Nigerian Naira experiences remarkable recovery, reaching its strongest position in 10 months as dollar exchange rates plummet across official and parallel markets.

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