Author: Gift Ifeanyi
Gift Ifeanyi
Gift Ifeanyi is a passionate and talented young web developer with a flair for storytelling and a keen interest in business and entrepreneurship. She brings a fresh perspective and a tech-savvy approach to delivering daily news and insights on the ever-evolving world of startups, innovation, and business trends. With a commitment to excellence and a drive to inspire the next generation of entrepreneurs, Gift is dedicated to creating engaging and informative content that empowers readers to thrive in the dynamic business landscape.
With inflation easing to 24.5% in January, rising foreign direct investment (FDI) inflows, and an expanding gross domestic product (GDP), Nigeria’s economy is recovering faster than many analysts anticipated. Meanwhile, the Central Bank of Nigeria (CBN)-led Monetary Policy Committee’s decision to maintain interest rates at its last meeting has fueled a rally in Nigeria’s Eurobond market, reinforcing foreign investors’ confidence in the domestic economy. Undoubtedly, the Nigerian economy has the potential to attract and sustain foreign investors’ interest. Several macroeconomic indicators are improving, and the expanded GDP size is drawing savvy investors back to the country. Investment reports show that…
Rising cocoa prices are generating increased interest in positioning Nigeria as a significant player in the cocoa industry, with aspirations to compete with leading producers Ivory Coast and Ghana, where crops have suffered due to climate change and disease. Nigeria has faced challenges in diversifying its oil-dependent economy, but the surge in global cocoa prices, which reached a record $12,000 per ton in December, has drawn renewed attention to cocoa bean production. “The farmers have never had it so good,” stated Patrick Adebola, executive director at the Cocoa Research Institute of Nigeria, in an interview with Agence France-Presse (AFP). This…