Economy

Finance experts contend that the real value of the revenue has diminished because of the prevailing exchange rate, which makes logistics and operational costs very prohibitive.

The goal is not simply more jobs, but better jobs: work that comes with fair wages, dignified conditions, and pathways to advancement.

The numbers coming out of Guinness Nigeria Plc are impressive enough to invite celebration, especially amid deep economic headwinds.

The country possesses one of Africa’s largest consumer markets, a huge and youthful population, abundant agricultural resources, substantial oil and gas reserves, a rapidly expanding digital economy, a vibrant entrepreneurial culture and an increasingly sophisticated financial sector.

Uber has described the decision as the outcome of a review of its evolving business priorities and investment focus across Africa.

Across the continent, entrepreneurs are building businesses, serving customers, employing people, and creating value. Markets are busy. Shops are open. Farms are producing. Manufacturers are making goods. Innovation is happening.

Inflation is slowing, external reserves have climbed, and several major companies are reporting stronger profits. At the same time, borrowing remains expensive, food prices are still putting pressure on household budgets, and investors can now earn relatively high returns from fixed-income instruments.

Nigeria may be experiencing a widening disconnect between booming equity market capitalisation and productive value creation. It is conventional wisdom that the equity market is the barometer of the economy. And this is true of the advanced economies: London, New York, Tokyo, Korea.

Nigeria’s headline inflation rate eased further in July, falling to 15.43 percent from 15.91 percent in June, reinforcing the recent moderation in the pace of price increases. But beneath the headline improvement, the latest Consumer Price Index (CPI) report presents a more complicated picture for households and businesses.

Nigeria Revenue Service Chairman Zacch Adedeji has identified fuel subsidy, an opaque foreign exchange market, an underperforming oil sector and a narrow tax base as four major economic distortions inherited by the Tinubu administration. Adedeji said the problems...