AGS NEWS – International Monetary Fund (IMF) has approved a $1.1 billion disbursement to Ukraine as part of a four-year, $15.5 billion loan program designed to support the country’s budget during the ongoing conflict with Russia. IMF Managing Director Kristalina … Continue reading IMF approves $1.1bn for Ukraine amid ongoing conflict
AGS NEWS – Nollywood actress, Eniola Badmus has praised the Nigerian economy under President Bola Ahmed Tinubu. She noted that the country’s imports are decreasing while exports are increasing, indicating an expanding economy. The actress emphasised that Nigeria, under Tinubu, … Continue reading Tinubu shifting Nigerian economy from consumption to production – Actress Eniola Badmus
AGS NEWS – The Federal Government has unveiled a plan to generate at least $100 billion and create over two million jobs annually from Nigeria’s creative economy. Hannatu Musawa, the Minister of Art, Culture, and the Creative Economy, announced the … Continue reading FG eyes $100bn revenue from creative economy
AGS NEWS – Reno Omokri has disputed Dele Momodu’s assertion that Nigeria’s economy is deteriorating. Momodu had penned an open letter to President Tinubu on July 18, expressing concern about the nation’s economic state. In response, Omokri posted on X, … Continue reading Reno Omokri dismisses Dele Momodu’s claims, asserts Nigeria’s economy is thriving
AGS NEWS – Britain’s economic output grew more than expected in May, official data revealed Thursday, providing an early boost to the newly-elected Labour government. The Office for National Statistics reported that GDP growth was 0.4 percent in May, compared … Continue reading UK economy sees unexpected growth in May – Report
AGS NEWS – Nigeria has made a significant commercial transaction by selling raw gold at the London Bullion Market Association, as disclosed by the Minister of Solid Minerals Development, Dele Alake, on Sunday. Alake announced that this sale has added … Continue reading Tinubu celebrates $5m boost to economy from Nigeria’s gold sale
AGS NEWS – Nollywood actor Femi Adebayo has voiced his concerns about the increasing cases of film piracy in the country. Taking to his Instagram page, @femiadebayosalami, on Tuesday, Adebayo shared his recent experience and successful battle against piracy involving … Continue reading Actor Femi Adebayo raises concern over film piracy
AGS NEWS – Olusola Fatoba, the Chairman of the House of Representatives Committee on Information, National Orientation, Ethics, and Values, has urged support for the manufacturing sector to reduce imports and bolster Nigeria’s economy. He emphasized the importance of producing … Continue reading Rep warns border reopening could cripple Nigeria’s economy
AGS NEWS – The Central Bank of Nigeria (CBN) has revealed a significant inflow of over $1.5 billion into the economy in recent days, signaling a positive impact from its monetary policy measures. Mrs. Sidi Ali, the acting Director of … Continue reading Nigerian economy records $1.5bn inflow
AGS NEWS – President Bola Tinubu expressed optimism about Nigeria’s economy during an event on Tuesday, suggesting that better days lie ahead for the nation. Speaking at a Ramadan Iftar event in Abuja, Tinubu, represented by Vice President Kashim Shettima, … Continue reading Tinubu foresees economic improvement in near future
AGS NEWS – India has once again affirmed its position as the world’s fastest growing major economy, recording a robust expansion of 8.4% in the final quarter of 2023 compared to the previous year. This economic feat comes amidst preparations … Continue reading India economy surpasses expectations, achieves 8.4% growth
AGS NEWS – The latest GDP report released by the National Bureau of Statistics on Thursday reveals a decline in the nation’s Gross Domestic Product growth, falling to 2.74% in 2023 from 3.10% in 2022. This marks the slowest growth … Continue reading Manufacturing and other sectors struggle as economy hits three-year low
The declining economic growth in China is expected to have repercussions on Nigeria’s economic prospects, according to the International Monetary Fund (IMF). The IMF highlighted that China’s deep economic connections with sub-Saharan African countries, particularly over the past two decades, … Continue reading IMF warns of impact on Nigeria as China’s economy slows
President Bola Tinubu, during his inaugural Federal Executive Council (FEC) meeting, tasked his ministers with focusing on reviving the economy and improving citizens’ lives. He highlighted the urgency of the task, emphasizing that all responsible parties must give their best … Continue reading Tinubu tasks ministers to revive economy with urgency
Adegboyega Oyetola, the recently appointed Minister of Marine and Blue Economy, has officially assumed his role, emphasizing his commitment to establishing responsible management practices that ensure the effective utilization of Nigeria’s marine resources. During his inauguration at the ministry in … Continue reading Oyetola commits to advancing Nigeria’s blue economy development
Asian shares dipped to their lowest levels in nine months on Thursday, while the dollar reached a two-month peak, reflecting concerns about China’s sluggish economic rebound and apprehensions that the Federal Reserve might still hike interest rates, leading to investor … Continue reading Asian stocks slips to 9 month lows amid concerns about China’s economy and US interest rates
The U.S. dollar’s ascent has pushed the Japanese yen further into intervention territory, as the robust U.S. economy highlights the need for sustained higher interest rates. Meanwhile, the Bank of Japan’s ultra-dovish stance struggles to defend its policy approach. Australian … Continue reading Dollar strengthens as US economy holds strong; Australian dollar declines on employment figures
Stakeholders at Green Growth Africa have highlighted the transformative potential of a multi-billion-dollar climate and sustainable economy initiative, coupled with a pledge of over $100 billion to Africa. These measures are seen as crucial to catalyzing the green economy, equipping … Continue reading Green economy and $100 billion climate pledge bring hope for youth employment
The Federal Government has expressed dissatisfaction with the underperformance of the solid minerals sector in contributing to Nigeria’s Gross Domestic Product (GDP) and revenue generation. ‘ According to data from the Nigeria Extractive Industries Transparency Initiative (NEITI), the sector’s revenue … Continue reading Federal government calls for enhanced contribution of solid minerals sector to Nigeria’s economy
The International Monetary Fund (IMF) has reiterated its growth forecast for the Nigerian economy in 2023, projecting a 3.2 per cent growth rate, according to its recent report titled “World Economic Outlook: A Rocky Recovery 2023 APR”. The report, released … Continue reading IMF projects Nigeria’s economy to grow by 3.2% in 2023
The global economy is expected to grow at its slowest pace since 1990, with the IMF projecting roughly 3% growth over the next five years, according to Kristalina Georgieva, head of the International Monetary Fund. She warned of a “rough … Continue reading Global economy experiences slowest growth since 1990 -IMF
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