The Federal Government has reiterated its commitment to empowering women as key drivers of the nation’s creative economy, with a focus on expanding access to finance, skills development and leadership opportunities. The Minister of Art, Culture, Tourism and the Creative Economy, Hannatu Musawa, made this known on Thursday in...
Economy
The Independent Media and Policy Initiative (IMPI) wants the President Bola Tinubu administration to use benefits that would accrue to the country from the current surge in global crude price in the aftermath of the ongoing Middle East conflict to continue to build a more resilient economy. This is...
Federal government on Monday launched the “Cross-Border Digital Payments and Identity in Nigeria under the AfCFTA” report, urging stakeholders to unlock trade opportunities for Micro, Small and Medium Enterprises (MSMEs) to access the $3.5 trillion African Continental Free Trade Area (AfCFTA) market. The high-level report, hosted by the Office...
The Strait of Hormuz is a critical maritime chokepoint in the Middle East located between Iran and Oman, and it is contiguous to the United Arab Emirates (UAE). In other words, the strait is between the Persian Gulf and the Gulf of Oman.Its significance lies in the fact that...
Federal Government of Nigeria is closely monitoring escalating geopolitical tensions in the Middle East involving the United States, Israel, and Iran, and remains committed to safeguarding Nigeria’s economic stability. The Economic Management Team (EMT), chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun,...
The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, has said that resolving the longstanding dispute over OPL 245 will reposition the economy and strengthen the country’s fiscal muscle. He praised President Bola Tinubu’s visionary leadership, which enabled the breakthrough. The Attorney-General and Minister of Justice, who...
Kogi State Governor, Ahmed Ododo has said the Ajaokuta Economic City proposed to host the Kogi-Hunan Free Trade Zone will begin operations this year, with the groundbreaking of the project expected in the second quarter of 2026. Governor Ododo made this known when he led a delegation of state...
Nigerian government has reaffirmed its commitment to strengthening bilateral relations with the Kingdom of Saudi Arabia through enhanced cooperation in media, communication, economy, and security. Minister of Information and National Orientation, Mohammed Idris, stated this while receiving the Ambassador of the Kingdom of Saudi Arabia to Nigeria, Yosef Bin...
President Bola Tinubu has approved the extension of the ban on the export of raw shea nuts for a further one year, from February 26, 2026, to February 25, 2027. The decision according to a statement by the presidential spokesman, Bayo Onanuga, underscored President Tinubu led administration’s commitment to...
Former Vice President Atiku Abubakar has criticised the Nigerian National Petroleum Company Limited (NNPCL) over its handling of the Port Harcourt Refinery, describing the decision to reopen the facility as a waste of scarce public resources after billions of dollars have been sunk into failed rehabilitation efforts. In a...
Nigeria’s economic reform agenda receives global backing as key stakeholders affirm confidence in the country’s growth potential this week in Abuja when the Honourable Minister of Finance and Coordinating Minister of the Economy Mr Wale Edun held strategic talks with Anna Bjerde, Managing Director of Operations at the World...
World Bank chief, Anna Bjerde, has said Nigeria is now frequently cited globally as an example of steady, credible reform leadership. Bjerde, the bank’s Managing Director of Operations, made the remark at a meeting on Tuesday with President Bola Tinubu and Vice President Kashim Shettima at the State House,...
President Bola Ahmed Tinubu has announced the signing of a landmark Comprehensive Economic Partnership Agreement (CEPA) between Nigeria and the United Arab Emirates, describing it as a major step toward deepening trade, investment and long-term economic cooperation between both countries. The President disclosed this in a post on his...
We welcome all perspectives that contribute to a shared understanding and successful implementation of the new tax laws. We acknowledge that a few points raised by KPMG are useful, particularly those related to implementation risks and clerical or cross-referencing issues. However, the majority of the publication reflected a misunderstanding...
Ahmadu Bello University (ABU), Zaria, has been granted provisional hosting rights for the 29th edition of the Nigerian University Games Association (NUGA), scheduled to hold in 2028. The award was conveyed in a letter dated December 3, 2025, addressed to the Vice-Chancellor, Prof. Adamu Ahmed, and signed by the...
A striking feature of Nigeria’s current economic debate is the enthusiasm with which huge numbers are circulated—and the casualness with which they are assembled. Tax collections are added to oil receipts; oil receipts are added again under customs or “subsidy savings”; borrowing is treated as income; and the resulting...
Rivers State seems to have restarted its economy with the 18th international trade fair going on in Port Harcourt at the Dr Obi Wali International Cultural Centre. This is as the Rivers State Investment Promotion Agency (RSIPA) has unveiled measures to enthrone ease of doing (EoDB) to win back...
Nigeria’s inflation rate fell further in November, offering fresh relief to households after years of punishing price increases that triggered a deep cost-of-living crisis. The latest data released on Monday by the National Bureau of Statistics (NBS) showed that headline inflation moderated to 14.45 per cent in November 2025,...
Vice President Kashim Shettima, has identified Imo State as a major pillar in Nigeria’s economic diversification agenda primed for rapid growth in technology, gas utilisation, agro-industrial processing and small and medium-scale enterprises (SMEs). He said the government is committed to providing access to financing through the Bank of Industry...
The GBP/USD pair has always carried a certain influence in the global currency market. It’s not just another price point on a chart. It reflects how two major economies respond to pressure, growth, political change, and global uncertainty. When the pair rises or drops, traders often use it as...