Breaking News in Nigeria Today Wednesday 29th January 2025
Here are some of the Breaking News in Nigeria Today Wednesday 29th January 2025 on some of the nation newspapers .
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target=_blank>Nigeria’s Public Debt To Surge Ton 150trn Amid
ShareNigeria’s public debt is projected to escalate to an unprecedented N150 trillion by the end of this year, fueled by a combination of fiscal deficits, revenue shortfalls, and a heavy reliance on borrowing. This alarming forecast was revealed during the quarterly Finance Correspondents Association of Nigeria (FICAN) forum, where industry experts dissected the nation’s fiscal…
The post Nigeria’s Public Debt To Surge Ton 150trn Amid appeared first on New Telegraph.
target=_blank>Multinationals Exit: Evaluating Asian Investors’ Resillience
ShareThe year 2024 etched an indelible mark on Nigeria’s economic history as over 20 highprofile multinational corporations, including Unilever Nigeria Plc, Procter & Gamble, GlaxoSmithKline Consumer Nigeria Ltd, Microsoft Nigeria, and Total Energies Nigeria, shuttered their operations in the country. The mass exodus of these global giants highlights the profound challenges facing foreign enterprises in…
The post Multinationals Exit: Evaluating Asian Investors’ Resillience appeared first on New Telegraph.
target=_blank>‘Digital Economy Key To Africa’s Future‘
SharePanelists at a special session on Africa during the 2025 World Economic Forum (WEF) meeting in Davos, Switzerland stressed that the adoption of emerging technologies such as artificial intelligence, the Internet of things and digitising economies, were crucial to the growth of Africa. The panel session, which featured the new President of Botswana, Duma Boko,…
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target=_blank>AfDB Approves Regional Chemicals, Waste Mgt Project
ShareThe African Development Bank (AfDB)Group’s Board of Directors has approved a groundbreaking initiative to tackle the challenge posed by hazardous chemicals, including Persistent Organic Pollutants (POPs) and mercury, in 11 Least Developed Countries on the continent. According to a press release, the ”Scaling-up Investment and Technology Transfer to Facilitate Capacity Strengthening and Technical Assistance for…
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target=_blank>Report: Currency Volatility May Wipe Out Emerging-Market Carry Trades
ShareEmerging market investors are turning increasingly wary of carry trades as the threat of tariffs from the Donald Trump administration and the prospect of further dollar gains squeeze returns, Bloomberg has reported. Latin American currencies, often bought as part of such trades, face pressure from domestic fiscal issues along with the prospect of trade tensions…
The post Report: Currency Volatility May Wipe Out Emerging-Market Carry Trades appeared first on New Telegraph.
target=_blank>Experts Back Nigeria’s Reforms Amid Positive Economic Outlook
ShareLast Thursday’s launch of the Nigerian Economic Summit Group’s (NESG) 2025 Macroeconomic Outlook Report saw financial experts expressing support for the country’s key reform measures, which, they believe, should be sustained if the nation is to record Gross Domestic Product (GDP) growth this year and next as widely projected by international financial institutions, writes Tony…
The post Experts Back Nigeria’s Reforms Amid Positive Economic Outlook appeared first on New Telegraph.
target=_blank>Abuja MoU To Train Port Security Personnel To Curb Poor Operations
ShareMemorandum of Understanding on Port State Control for West and Central Africa Region (Abuja MOU) has signed an agreement with the Regional Maritime University in Ghana to build the capacity of the Port State Control (PSC) officers in Nigeria and countries in the region in order to protect lives and curb accidents onboard ships. The…
The post Abuja MoU To Train Port Security Personnel To Curb Poor Operations appeared first on New Telegraph.
target=_blank>Africa’s FDIs Soar 84% To $94bn Amid Global Investment Shifts
ShareForeign direct investment (FDI) in Africa soared by an unprecedented 84 per cent in 2024, reaching $94 billion, according to the latest Global Investment Trends Monitor by the United Nations Conference on Trade and Development (UNCTAD). The remarkable surge was largely attributed to a single megaproject in Egypt. Excluding this initiative, FDI across the continent…
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target=_blank>2’25: FG Moves To Fix Facility Decay At Seaports With N1. 2trn
ShareAfter meeting the appropriate financing model, there are indicactions that the rehabilitation of quay walls, cranes and handling equipment at the seaports with $700 million (1.2 trillion) will commence by the second quarter of 2025. It was learnt that necessary documents and Environmental Impact Assessment (EIA) report needed for the rehabilitation have been submitted to…
The post 2’25: FG Moves To Fix Facility Decay At Seaports With N1. 2trn appeared first on New Telegraph.
target=_blank>…Celebrates Ex-Deputy Gov, Femi Pedro At 70
ShareLagos State Governor, Babajide Sanwo-Olu, has congratulated the State’s former Deputy Governor and member of the Governance Advisory Council (GAC), Otunba Femi Pedro, on his 70th birthday. The governor described Pedro, who was deputy to former Lagos State Governor and now President, Bola Tinubu, as a devoted, committed, trustworthy, seasoned technocrat, a visionary, and selfless…
The post …Celebrates Ex-Deputy Gov, Femi Pedro At 70 appeared first on New Telegraph.
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