Economic growth
Nigeria, Africa's largest economy, faces significant challenges in collecting and reporting accurate and transparent trade data. The inconsistencies in trade figures lead to misguided policies, revenue losses, and weakened investor confidence. The inadequate management of trade data by institutions such as the National Bureau of Statistics (NBS), Nigerian
Economic growth
The Governor of Adamawa State, Ahmadu Fintiri, emphasized the crucial role of cooperative societies in fostering economic growth and sustainable development. At the commemoration of the International Day of Cooperatives 2025, Fintiri highlighted the state government's investments in the sector, aiming to create job opportunities and wealth creation.
Economic growth
The Coalition of South-South Chambers of Commerce, Industry, Mines, and Agriculture (COSSCCIMA) has reiterated its dedication to promoting inclusive economic growth and employment opportunities in the South-South geopolitical zone. At the recently held 'South-South Job Creation and Economic Review Summit' in Port Harcourt, COSSCCIMA President Indutimi Komonibo called
Economic growth
Mongolia's economy expanded by 4.9 percent in 2023, with its GDP reaching MNT 80 trillion. The top 100 enterprises generated approximately 30 percent of the country's tax revenue and accounted for about 70 percent of the economy's sales revenue. The Prime Minister, Zandanshatar
Economic growth
Bank Indonesia Governor Perry Warjiyo expressed optimism that Indonesia's economy can grow closer to 5.2 percent in 2026, a projection made by the Ministry of Finance, but emphasized that certain conditions need to be met. The central bank is advocating for policies that boost export performance, accelerate
Economic growth
Taiwan's economic growth prospects have been revised downwards by Academia Sinica, a leading research institution in Taiwan, due to ongoing uncertainty in the global economic landscape. The forecast reduction comes as the Trump administration's potential tariffs have raised concerns about the impact on Taiwan's
Economic growth
The World Economic Forum has published a new report forecasting a significant expansion of the travel and tourism industry, with the sector projected to serve 30 billion tourist trips by 2034. The report, produced in collaboration with Kearney and the Ministry of Tourism Saudi Arabia, reveals that the industry is
Economic growth
Over the past few decades, the global economy has been facing numerous challenges that have increased uncertainty in its development. The decline in aggregate factor productivity has been a significant concern, affecting economic growth and sustainability worldwide. A recent study conducted by researchers at the State University of Management analyzed
Economic growth
Pakistan's economic recovery is fragile and susceptible to being undermined if development funds continue to be underutilized. The government's Public Sector Development Programme (PSDP) budget for the fiscal year 2024-25 remained underutilized, with only Rs905 billion spent, short of the revised allocation of Rs1.1 trillion.
Economic growth
The Bangko Sentral ng Pilipinas (BSP) may reduce its benchmark interest rate twice more in the remainder of this year, BSP Governor Eli Remolona Jr. said on Thursday. The Philippine economy is experiencing a slowdown, but inflation remains low, giving the central bank room to continue easing its monetary policy.
Economic growth
The Bangko Sentral ng Pilipinas (BSP) signaled the possibility of more interest rate cuts this year, citing easing inflation and softer economic growth. BSP Governor Eli Remolona Jr. said there is "room" for more monetary easing, with up to two rate cuts still possible in the second half
Economic growth
The Financial Reporting Council of Nigeria (FRCN) has issued the SME Corporate Governance Guidelines 2024 (SME CGG), a landmark initiative aimed at improving Nigeria's business environment by enhancing transparency, accountability, and performance among Micro, Small, and Medium-sized Enterprises (MSMEs). The Guidelines, tailored to the unique needs of MSMEs,
