Germany has made significant changes to its immigration system, introducing new pathways for skilled professionals from around the world.The country is looking to address labor market gaps by welcoming international talent and offering more opportunities for foreign workers to build careers in Germany.These reforms aim to simplify the process, making it easier for skilled professionals to move to Germany and settle with their families.The revised immigration framework for 2025 includes the introduction of the “Opportunity Card,” a new visa option designed to attract workers without requiring a job offer. This is part of a broader effort to make it easier…
Author: Oladi Samuel
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The 2024 Calabar Carnival, which ran from November 30 to December 31, attracted over 300,000 tourists, who collectively spent approximately N8.87 billion on transportation to the destination.This expenditure, covering air, road, and sea travel, underscores the carnival’s growing economic impact on Calabar, the capital of Cross River State, and the state as a whole.Nairametrics reached out to the Cross River Tourism Bureau, and the office of its Managing Director, Ekpenyong Ojoi, who provided the data, highlighting the event’s substantial contribution to the local economy.The 2024 Calabar Carnival, a fusion of music, dance, culture, and innovation, saw a remarkable 42% increase…
African airlines experienced a 0.7% year-on-year decrease in air cargo demand for November 2024, marking the slowest growth rate among all regions and signaling potential challenges in the sector.Despite the drop in demand, capacity increased by 0.4%, indicating that African carriers continued to respond by offering more space for cargo.The data was sourced from the International Air Transport Association (IATA) report on global air cargo markets for November 2024, released in January 2025.“African airlines saw a 0.7% year-on-year decrease in demand for air cargo in November, the slowest among regions. Capacity increased by 0.4% year-on-year,” the report read in part. While…
The Founder of Kaftan TV and former Presidential Candidate, Prince Adewole Adebayo has advocated for various sectoral reforms, including land, infrastructure, and capital reforms, as being essential for ease of doing business in Nigeria.Adebayo who contested in the 2023 general election under the Social Democratic Party (SDP), noted that without reforms in key sectors of the economy, Nigeria remains unattractive to both local and foreign investors.He made the call in Lagos on Saturday while delivering a keynote speech at the J9C 13th anniversary lecture themed: “Business and Policy Strategy: Examining the Role of Reforms in Ease of Doing Business in…
Nigeria has received a shipment of 32,000 tons of brown rice from Thailand as the government seeks to alleviate the rising costs of food in the country.According to a Bloomberg report citing the logistics company that facilitated the shipment, DUCAT, the consignment, the first in a decade, has arrived in Lagos.The grain from Thailand was shipped after the federal government issued a tariff moratorium on wheat, corn, rice, and other food crops last year, DUCAT added.“Nigeria has been working hard to find solutions to broaden and strengthen its food supply accessibility,” DUCAT Chief Executive Officer Adrian Beciri said in a…
The U.S. Department of Justice (DOJ) and Federal Trade Commission (FTC) have partially supported Elon Musk’s claims in his ongoing lawsuit against OpenAI, as he seeks to block the artificial intelligence (AI) startup’s transition to a for-profit entity.In a court filing on Friday, the agencies argued that overlapping board directors could harm market competition, even if the individuals in question have since stepped down.Musk’s lawsuit accuses OpenAI and Microsoft of violating antitrust laws, highlighting Reid Hoffman’s simultaneous board memberships at both companies between 2017 and 2023.Hoffman, a co-founder of LinkedIn, is alleged to have created conflicts of interest during his…
African airlines recorded a 12.4% year-on-year increase in international passenger demand for November 2024, marking a significant recovery in the continent’s air travel industry.This surge in demand highlights the resilience and steady growth of African carriers as they continue to rebound from the global disruptions of previous years.Capacity in the region grew by 6.0%, indicating that airlines responded to the increasing demand by either adding more flights or deploying larger aircraft.The load factor the percentage of seats filled rose to 72.9%, up 4.1 percentage points compared to November 2023, reflecting the growing efficiency of African airlines in utilizing their available…
The Federal Government has reaffirmed its commitment to collaborate with the United Nations (UN) in implementing sustainable solutions to alleviate poverty and address humanitarian challenges in Nigeria.This was disclosed by the Minister of Humanitarian Affairs and Poverty Reduction, Prof. Nantawe Yilwatda, during a press briefing in Abuja on Friday.The minister spoke after a strategic meeting with Amina Mohammed, the UN Deputy Secretary-General.Strengthening longstanding partnerships Yilwatda noted that the UN had been a crucial ally in supporting Nigeria’s social intervention programs, helping the government actualize its poverty reduction goals.He emphasized that this renewed partnership aligns with the Federal Government’s Renewed Hope Agenda,…
The Board of Directors, Management, and Staff of Zeenab Group join the global community to celebrate an extraordinary leader, our indefatigable founder, visionary, and Group Managing Director, Dr. Victor Otaigbe Ayemere, as he marks his 50th birthday today.Dr. Ayemere’s commitment to excellence, hard work, and compassionate leadership has left an indelible mark not only on Zeenab Foods but also on the business landscape of Nigeria and beyond. A selfless giver and nurturer of talent, his legacy is etched in the countless lives he has positively impacted, both within and outside the organization.From identifying and developing young talents into impactful contributors…
The United States economy delivered a stronger-than-expected jobs report in December, creating 256,000 jobs compared to economists’ expectations of 160,000.This signals a more resilient labor market and is already reshaping expectations around the Federal Reserve’s interest rate policy.For Nigeria, the implications could be significant, particularly for the naira, which faces renewed risks of depreciation.US job report and rate expectations The report, released by the Bureau of Labor Statistics, highlighted a robust jobs market that exceeded the revised figure of 212,000 for November.Following the announcement, US treasury yields surged, with the benchmark 10-year yield climbing to 4.76% and the two-year yield reaching…