Although the federal government has issued a state of emergency on food production, Nigeria’s food importation bill has surged to a five-year high in the first quarter of 2024.

President Ahmed Bola Tinubu has announced that the Executive Bill on the new minimum wage will soon be sent to the National Assembly for consideration to enshrine the agreed-upon wage as part of the country's law for the next five years or less. 

Nigeria’s Trade Balance Rises to $1.43bn, IMF Reports Nigeria’s current account balance has increased to $1.432 billion in 2024 despite the economic downturn ravaging the country, data from the International Monetary Fund’s World Economic Outlook shows. The IMF data indicates a posi­tive outlook for Nigeria’s econom­ic...

UK Attracts $85m Investment into Nigeria’s Manufacturing Sector Since 2020 The government of the United Kingdom (UK) has helped to attract $85 million investment into Nigeria’s manufacturing sector through its Manufacturing Africa programme since 2020. Deputy British High Commissioner to Nigeria, Jonny Baxter, disclosed this at...

Global Aviation Training Market to Hit $66.9b, Report Reveals  The global aviation training market encompassing human capacity development for skilled pilots, cabin crew, flight dispatchers, aircraft engineers/technicians and other professionals in the aeronautical space will witness significant growth in the next 12 months, statistics from...

EU Raises Schengen Visa Fee by €10 More expenses await African nationals seeking visas to enter the European Union as the EU plans to increase visa fees starting Tuesday, according to Schengen visa statistics released on Saturday. The report stated that starting from Tuesday; African nationals...