At the recently concluded Tokyo International Conference on African Development (TICAD9) in Yokohama, Japan, the Japan International Cooperation Agency (JICA) and the African Development Bank (AfDB) signed a landmark $5.5 billion agreement under the sixth phase of the Enhanced Private Sector Assistance (EPSA) initiative. The deal marks the largest financial commitment under EPSA since its […]
Dutch Agribusiness Delegation Explores Horticulture Partnerships in Nigeria
A trade delegation of 16 leading Dutch agribusinesses specializing in seeds, potatoes, and agricultural innovations arrived in Nigeria on March 23, 2025, for the third Netherlands-Nigeria Horticulture Trade Mission. Led by Ivo Meijer from the Municipality of Westland, the visit aims to strengthen ties with Nigerian stakeholders, explore collaboration opportunities, and contribute to the country’s […]
NIPC Records N386BN investment milestone through Incentive Programs
The Nigerian Investment Promotion Commission (NIPC) says its pioneer status incentive (PSI) programme has attracted investments worth N386 billion from a total of 37 companies. Lovina Kayode, Head of the Incentive Administration unit, highlighted that the commission has successfully secured 386 billion Naira in investment from 37 companies granted the pioneer status incentive, leading to […]
Fuel Consumption Drops as Kenyans Keep their Cars at Home
Fuel consumption in Kenya has dropped to its lowest levels in over five years, excluding the Covid-19 pandemic period, as the high pump prices have deterred motorists and kept vehicles off the road. Official data reveals a sharp decline in the consumption of super petrol, dropping by five percent to 1.01 billion liters from 1.074 […]
Nigeria Grapples with Currency Volatility as US Deputy Secretary calls for Economic Reforms
Nigeria, a nation at the crossroads of economic challenges, faces a dual struggle with exchange rate volatility and the imperative to attract foreign investments. These developments have garnered attention on the global stage, with experts and officials weighing in on the country’s economic future. Naira-Dollar Rate Volatility The exchange rate between the Nigerian naira and […]
In Need of Quick Loans? Ensure You Avoid these 37 delisted loan apps by FG
Taking a resolute step to protect consumers, the Federal Government has cracked down on illegal loan apps, delisting a total of 37 of these unscrupulous platforms. This development signifies the government’s commitment to safeguard its citizens on the significant increase in the number of fully approved loan apps, which has now grown to 164 from […]
Nigeria secures $14bn investment at the Nigeria-India Presidential Round Table and Conference
Following the current realities in the country with fuel subsidy removal and inflation figures at 24.08%, although projected to still rise significantly by the end of 2023, the Nigerian government in a series of current global partnerships is in a race to attract more foreign direct investments into the country. On a visit to India […]
LIDA Network’s Twitter Space: “Market Forces Responsible for Citizens Hardships in Nigeria and Africa at Large.”
LIDA Network is glad to invite you all for LIDA NETWORKs Twitter Space happening today, 28th July 2023 at 4:00pm WAT and 6:00pm EAT respectively as we help you understand the current economic situation in Nigeria and Africa at large. Implication of new policies by the current administration (In Nigeria), its short, medium and long […]
CBN Reduces Number of BDC operators from 5689 TO 2991
LIDA Network had conducted an investigation regarding how Bureau De Change operators in Nigeria had formed a cartel under the watch of the Central Bank of Nigeria. LIDA Network can now confirm that a previously inexistent link on the homepage of CBN’s website now shows that the CBN has taken the necessary action in cleaning […]
LEKKI DEEP SEA PORT PROMOTES AFCFTA GAINS BUT LOCAL COMMUNITY SEEK SHARED PROSPERITY AND ENVIRONMENTAL PROTECTION
The Lekki Deep Sea Port holds the promise to position Nigeria for the big gains of the AFCFTA, competitive transshipment, and status upgrade as the maritime hub of West Africa, but the neighboring local communities also want a share of this prosperity and protection against any adverse sustainability and human rights issues following the development. […]