Nigeria to Overtake South Africa, Become Continent’s Largest Contributor to Global GDP - IMF
Nigeria is projected to overtake South Africa as Africa’s largest contributor to global economic growth in 2026, according to new estimates by the International Monetary Fund (IMF).
The projection, reported by Business...
Lesotho Leads with 50%, as Trump Slams South Africa with 30% Tariffs
African Countries of Lesotho, Botswana and South Africa have been hit with U.S President Donald Trump's “red hot” import tariff of 50%, 37% and 30 percent respectively.
This announcement was made on Wednesday, speech...
Nigeria Receives $285m Foreign Capital from African Investors, Says NBS
The National Bureau of Statistics says African investors contributed a notable $285.11m in foreign capital to Nigeria in the third quarter of 2024.
This contribution accounted for 22.76 per cent of the total foreign capital inflow...
According to Kingsley Obiukwu, the Group Managing Director, Bolton White Hotel, co-operation between Nigeria and South Africa can stimulate economic growth in various sectors in both countries.
Nigeria’s Foreign Reserves Drop To $39.5bn
Nigeria’s foreign reserves stood at $38.483bn by May 31, 2022, declining by five per cent from $40.521bn reported by end of December 2021, according to the calculations of reserves movements on the Central Bank of Nigeria’s website.
On the other...
Nigeria Recorded Over $2.48bn Export To South Africa In 2020
Nigeria has exported commodities not less than $2.48 billion (R6billion) within the last 24 months, South Africa Consular General Hon Malik Abdul has stated.
Abdul, who disclosed this in a document made available to The Nation,...
