The Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA) says Africa loses between $88 billion and $94 billion annually to theft and illicit financial flows.
Speaking at a forum on asset recovery in Abuja, GIABA’s DG, Edwin Harris—represented by Tim...
President of the African Development Bank, Dr Akinwumi Adesina, says Africa is losing between $7 billion and $15 billion every year to climate change — a figure that could hit $50 billion by 2050 if urgent steps aren’t taken.
Speaking...
Lagos State’s economy has surged to $259 billion in Gross Domestic Product (GDP) based on purchasing power parity (PPP), making it the second-largest city economy in Africa after Cairo.
The milestone was announced during the launch of the Lagos Economic...
Vice President Kashim Shettima has reaffirmed President Bola Ahmed Tinubu’s efforts to position Nigeria as Africa’s leading investment destination.
Speaking at the 2025 World Economic Forum (WEF) in Davos, Switzerland, Shettima highlighted Nigeria’s modernization and abundant opportunities for investors. The...
Former Vice President Prof. Yemi Osinbajo has called for greater debt forgiveness for African nations, emphasizing the continent's heavy borrowing costs and rising debt burdens. Speaking at the 23rd Chief S.L. Edu Memorial Lecture organized by the Nigerian Conservation...
President Bola Ahmed Tinubu has expressed confidence in Africa’s capacity for self-driven development, urging immediate action to harness the continent’s potential.
Speaking in Abu Dhabi during a meeting with Rwandan President Paul Kagame, Tinubu emphasized the importance of strengthening intra-African...
President Bola Ahmed Tinubu has urged leaders in Africa to prioritize addressing the emigration of skilled individuals from the continent. He made the charge while speaking at a dinner held in his honour at the People’s Palace in Malabo, Equatorial...
Nigeria’s revenue from the manufacturing export sector has reduced by 166 percent according to the world bank. Revenue realized from the sector plunged to ₦778.4 billion from the ₦2 trillion peaked it reached in 2019.
According to a newly published...
