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Economy
$2 Billion Nigerian Broadband Project to Drive GDP Growth and Digital Inclusion
Nigeria is set to witness a major digital transformation as the government launches a $2 billion broadband project…
Nigeria’s Dele Alake Urges Africa to Industrialise Its Minerals and Build a Green…
Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, has called on African nations to end the era of…
Nigeria’s Intra-African Trade Rises by ₦610bn Amid Weak Naira, Shifting Global…
Nigeria’s trade with other African countries surged by ₦610 billion in the first half of 2025, reflecting a…
Tony Elumelu Foundation Donates ₦1 Billion to Empower 18,500 Nigerian Women Under…
In a major push for women’s economic inclusion, the Tony Elumelu Foundation (TEF) has donated ₦1 billion to the…
Naira Rises to ₦1,465 per Dollar as FX Inflows Strengthen and Dollar Weakens
The Nigerian naira extended its rally last week, closing at ₦1,465 per U.S. dollar at the official market, buoyed…
Dangote Launches $2.5bn Fertiliser Plant in Ethiopia to Boost Africa’s Food…
Africa’s richest man and President of the Dangote Group, Aliko Dangote, has broken ground on a $2.5 billion…
Capital Market Operators Push for Bold Reforms to Restore Investor Confidence in…
Capital market operators have renewed calls for the Federal Government to implement bold reforms that would…
Full Implementation of Industrial Policy Vital for Nigeria’s Economic Growth – MAN
The Manufacturers Association of Nigeria (MAN) has urged the Federal Government to fully implement the forthcoming…
CBN Cuts Interest Rate to 27% to Ease Borrowing Costs for SMEs and Households
The Central Bank of Nigeria (CBN) has lowered its benchmark Monetary Policy Rate (MPR) by 50 basis points to 27…
PenCom Launches “Pension Revolution 2.0” to Expand Health Insurance and Secure…
The National Pension Commission (PenCom) has unveiled a bold new initiative dubbed “Pension Revolution 2.0,” aimed…
Infrastructure Expert Urges Nigerian Government to Embrace Innovation for Lasting…
Infrastructure specialist Isaac Oyawoye has called on the Federal Government to make massive investments in…
Chagoury, the Lebanese -Nigerian industrialist
Gilbert Ramez Chagoury, a Lebanese-born entrepreneur, has built a remarkable bridge between his hometown of…
Importers Warn 4% FOB Levy Could Add N4 Trillion to Freight Costs, Fuel Inflation…
The Importers Association of Nigeria (IMAN) has raised alarm over the Federal Government’s proposed 4 percent…
Reps Panel Orders Finance Minister Wale Edun to Withdraw 2025 Budget…
Nigeria’s House of Representatives Committee on Appropriation has issued a firm directive to Finance and Economy…
FG Gazettes Nigeria’s New Tax Reform Laws, Exempts Small Businesses and Cuts…
The Federal Government has officially published Nigeria’s sweeping new tax reform laws in the national gazette,…
Senate Urges CBN to Extend Loan Forbearance Deadline to Protect Investors
The Senate has called on the Central Bank of Nigeria (CBN) to extend the deadline for banks to end loan…
Renewed Hope Housing Programme: FG Tackles Nigeria’s 17 Million Housing Deficit…
Nigeria’s housing landscape is undergoing a transformative shift under the Renewed Hope Housing Programme, a…
Clearing Agents Urge Customs to Extend Deadline on 905 Overtime Cargoes in Lagos…
Licensed clearing agents have appealed to the Nigeria Customs Service (NCS) to extend its two-week ultimatum for…
AfCFTA Urges Africa to Cut Dollar Dependence and Embrace Local Currencies to Boost…
At the 2025 Afreximbank Annual Meetings in Abuja, Wamkele Mene, Secretary General of the African Continental Free…
Nigeria’s Bond Market Booms as Inflation Eases: DMO Auction Sees 603%…
The Debt Management Office (DMO) of Nigeria experienced an overwhelming response at its June 2025 bond auction,…
Afreximbank Disburses $18.7 Billion to Boost African Trade and Integration
The African Export-Import Bank (Afreximbank) announced that it disbursed $18.7 billion in 2023 to support trade,…
Africa Sets Sights on $712 Billion Digital Trade Boom by 2035 with AfCFTA
Africa is strategically aligning itself to tap into a projected $712 billion digital trade market by 2035 through…
Nigeria Becomes Crude Oil Importer Despite Being Africa’s Top Producer
In a striking contradiction, Nigeria—Africa's leading oil producer—spent N1.19 trillion importing crude oil in the…
U.S. Backs Investment Push in Lagos Free Zone, Eyes Stronger Economic Ties with…
The United States has reaffirmed its commitment to supporting foreign direct investment in Nigeria, particularly…
Markets Hold Steady as Europe Awaits ECB Rate Cut Amid Global Trade and Bond Moves
European markets opened cautiously on Thursday as investors awaited a widely anticipated interest rate cut from…
Trump Administration Renegotiates Biden-Era Semiconductor Grants to Boost Value…
The Trump administration is revisiting and renegotiating several semiconductor grants originally awarded under…
Nigeria’s Public Debt Could Surge to N800,000 Per Citizen Amid New $21.5 Billion…
Nigeria faces a significant rise in public debt if the Senate approves President Bola Tinubu’s request for $21.5…
With 47.73% Spread, Nigeria Still Far from Attaining 70% Broadband Penetration…
Despite bold projections by the Nigerian Communications Commission (NCC) to surpass 70% broadband penetration by…
Dangote: 52 Kobo of Every Naira in Local Investment Goes to Federal Government
At the 2025 Taraba International Investment Summit (TARAVEST) held in Jalingo, the Chairman of Dangote Group,…
BREAKING:Petrol Prices Surge by 76.73% Year-on-Year in April 2025 Despite Monthly…
In April 2025, the average retail price of Premium Motor Spirit (PMS), or petrol, soared to N1,239.33 per litre,…