Prime Business AfricaHere are the top stories in Prime Business Africa on business and economy, politics, health insights, and entertainment.
How United States’ Pivoting To Rate Cuts Is Raising Gold Prices
The prices of gold have been a roll for four straight days peaking on Friday as a result of the lower-than-expected inflation readings and growing expectations that an end has come to the United States Federal Reserve’s most aggressive interest-rate hiking campaign in decades. Read more
Tinubu Scraps Controversial 40% IGR Deduction From Universities
resident Bola Tinubu has scrapped the controversial automatic deduction policy slashing 40% from federal universities’ internally generated revenues (IGR).
Africa Needs More Value For Agric Exports
Music Icon Saheed Osupa Graduates From University of Ibadan
Nigeria’s fuji music sensation, Akorede Babatunde Okunola best known as Shaheed Osupa in the Nigerian music industry on Wednesday reveled in his graduation from the University of Ibadan (UI) where he bagged a Bachelor of Science degree.
Osupa took to his verified Instagram page to announce that he attended the school’s convocation ceremony after graduating from the nation’s premier university where he read Political Science. Read more
40 Heartfelt Birthday Wishes For Myself
Turning a year older is not just a marker of time; it’s a celebration of resilience, growth, and the unique tapestry of experiences that shape who we are. To honour this milestone, this is a well-crafted list of 40 heartfelt birthday wishes for yourself—a testament to the love, laughter, and dreams that you wish to manifest in the coming year. Read more
What Govt Should Do To Rein In Inflation
The surging inflation rate in Nigeria has been a source of worry to stakeholders given the impact on the economy and the citizens who bear the brunt of skyrocketing costs of things. Read more
Nigeria’s Oil Production Prospects: Meeting OPEC Quota, Economic Growth
In the realm of global oil production, Nigeria stands at a critical juncture, striving to align its output with OPEC quotas while charting a course toward robust economic growth.
According to data released by the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), the country’s oil outputs for January, February, and March were 1,266,659 bpd; 1,292,240 bpd; and 1,266,737 bpd respectively. Nigeria’s crude oil output however rose to an all-time high of 1.35 million barrels per day in September 2023, as the country pumped its highest volume of crude oil so far since this year. Read more
Why Govts, Local Philanthropists Must Think Sustainability – Ford Foundation Director, ChiChi Aniagolu
Dr Chichi Aniagolu is the Regional Director of Ford Foundation West Africa. Her organization has been on a mission to ignite local philanthropists, urging them to fill emerging gaps and play a vital role in fostering lasting, sustainable change in the economy and businesses. Featuring in a one-on-one session during the Wednesday evening news bulletin on Arise TV, the very articulate amazon had the following to say about “Sustainable Philanthropy in Nigeria” Read more
Ghana’s Inflation Falls To 14-Month Low At 35.2% Amidst Economic Crisis
Ghana’s inflation rate plummeted to a 14-month low of 35.2% in October after a projection of a less drastic drop. Government Statistician Samuel Kobina Annim announced in Accra, highlighting the nation’s efforts to stabilize amidst its severe economic crisis. Read more
My Heart Bleeds For The Children Of Gaza
It’s so hard to watch international news these days. The images from the Gaza Strip are heart-wrenching and distressing. Injured children crying and bodies of dead ones wrapped in white shrouds are too graphic to see. I have never seen so many corpses of little children in all of my life. Read more
Return To The Drawing Board By Stephanie Adamu
In the history of opposition, the People’s Democratic Party (PDP) has been a staunch failure in the last eight years, and from their antecedents, the next eight years would put them in the same position of opposition if not worse with the existence of the Labour Party (LP). Read more
UNILAG, Swiss Consul General Unite For Blockchain, Hydroponics Ventures
The University of Lagos and the Consul General of Switzerland in Lagos, Frank Eggmann, have inked an agreement to pioneer collaborations in blockchain/fintech and hydroponics.
Alibaba’s Decision Sinks Hong Kong Stocks, Clouding Global Markets
Hong Kong faced losses in Asian markets today, with Alibaba’s announcement of canceling its cloud computing arm, spinoff, catalyzing a widespread sell-off.
The repercussions rippled across trading floors, amplifying uncertainties amid the ongoing US-China tensions and global economic outlook. Read more
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