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Tuesday, May 13, 2025

Economy

May 13, 2025

Germany’s economy to enter recession in 2025 due to U.S. tariffs: Forecast

The country is particularly affected by the ongoing trade conflict triggered by the U.S. government’s tariffs, the IW explained.

German market
May 13, 2025

Oando records four oil spills, repairs flow station in Bayelsa

Oando Plc, the indigenous firm that acquired Nigeria Agip Oil Company, says it has recorded four operational oil spills from October 2024 to date.

May 13, 2025

Abia, MTN sign MoU to boost digital transformation

The Abia government has signed a memorandum of understanding with MTN Nigeria to advance the state’s digital transformation efforts.

Governor Alex Otti
May 13, 2025

German defence tech firm unveils new underwater drone

The company also unveiled the Lura software platform and advanced AI system, which is deployed on drones.

Underwater drone
May 13, 2025

Gov Lawal inaugurates cash transfer programme for 448,000 beneficiaries

“Each of the beneficiaries will receive N75,000,” the governor said.

Dauda Lawal-Dare
May 13, 2025

Tinubu’s govt will contribute $100 billion to economy by 2030: Tourism Minister

She said the FEC approved a memo seeking to monetise Nigeria’s tangible and intangible assets in both the creative, cultural and tourism industry.

President Bola Tinubu and Hannatu Musawa
May 13, 2025

Nigeria has repaid $3.4 billion COVID-19 loan to IMF, says Tinubu’s govt

Information minister Mohammed Idris has confirmed that Nigeria has fully repaid the $3.4 billion COVID-19 loan from the International Monetary Fund.

President Bola Tinubu
May 13, 2025

Nigeria’s economy improving due to Tinubu’s reforms: World Bank

Despite these gains, the World Bank official reiterated that many challenges remained, including persistent high inflation.

Tinubu reading document; World Bank
May 13, 2025

Naira’s value rises against dollar at official market

Data from the Central Bank of Nigeria’s website showed that the naira gained N5.71.

New Naira notes
May 12, 2025

Flutterwave named on FXC top 100 cross-border payment companies list for second consecutive year

Flutterwave, Africa’s leading payments technology company, was recently ranked as a top 100 cross-border payment company by FXC Intelligence for the second consecutive year. 

FXC top 100 cross-border payment