“Nigerians will continue to reap the rewards of our administration’s new economic reforms after the time of sacrifice needed to transform the nation.” President Bola Tinubu made this known on Thursday in Lagos at a reception in his honour by…
Germany, China to discuss climate, economy
The governments of Germany and China were scheduled to discuss further cooperation between their two countries on Tuesday in Berlin. The talks would be led by Chancellor Olaf Scholz and Premier Li Qiang. The main topic would be the fight…
UK economy returns to growth in April as consumer spending improves
The UK economy bounced back in April after it was boosted by stronger consumer spending in shopping and hospitality. UK gross domestic product (GDP) increased by 0.2 per cent for the month after a 0.3 per cent fall in March,…
On the lookout for positive change — Gbubemi Atimomo
My expectations of newly sworn-in leaders across Nigeria On May 29, 2023, amidst great anticipation, Bola Ahmed Tinubu was sworn in as president of the Federal Republic of Nigeria whilst 28 other elected officials across Nigeria were sworn in as…
Women now rent wigs as human hair prices soar
For Nigerian women who make fashion a lifestyle and those who bid to look good is a do-or-die affair, it appears the most understandable language is “if you can’t beat them, join them”! For them, a good lustred and moisturising…
UK expected to be only major economy to shrink in 2023 – IMF
The UK economy will shrink and perform worse than other advanced economies, including Russia, as the cost of living continues to hit households, the International Monetary Fund has said. The IMF said the economy will contract by 0.6% in 2023,…
LCCI projects positive growth for year-end
The Lagos Chamber of Commerce and Industry (LCCI) has projected that the Nigerian economy will end the year with a positive growth of three to four per cent. Dr Michael Olawale-Cole, president, LCCI, said this at the LCCI 134th Annual…
Event planners call for investment in, regulation of industry
Some stakeholders have urged governments to invest in and regulate the events and planning sector, in order to help businesses thrive, provide jobs and compete internationally. They spoke in separate interviews with the News Agency of Nigeria (NAN) on Thursday…
Bank of England expects UK to fall into longest ever recession
The Bank of England has warned the UK is facing its longest recession since records began, as it raised interest rates by the most in 33 years. In its outlook for the UK economy, it said the country would face…
Rishi Sunak takes office as new British PM, faces daunting task
Rishi Sunak said on Tuesday he was not daunted by the scale of the challenge as he became Britain’s third prime minister in two months, pledging to restore trust, rebuild confidence and lead the country through an economic crisis. The…