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Economy
332 posts
EFCC Recovers N115 Billion in Unpaid NDDC Levies from Oil Firms
The EFCC has recovered N115 billion in unpaid NDDC levies from oil companies following an investigation based on 2021-2023 NEITI audit findings.
Governor Sanwo-Olu Opens Agege Food Hub to Stabilize Prices and Boost Security
Governor Babajide Sanwo-Olu has inaugurated the Agege Mid-Level Agro-Produce Hub, a strategic effort to lower food costs and improve distribution infrastructure across Lagos State.
Prime Minister Burnham cautioned that regional conflict may dampen UK economic expansion
New economic projections suggest that a prolonged conflict in the Middle East could significantly restrict UK growth and spike inflation by 2027.
NIPSS and Creative Ministry Collaborate to Boost Nigeria’s Economy to $1 Trillion by 2030
NIPSS and the Federal Ministry of Art, Culture, Tourism and the Creative Economy are partnering to leverage the creative sector to help reach Nigeria’s $1 trillion GDP goal by 2030.
President Tinubu Authorizes New Strategy to Secure $50 Billion in Offshore Oil Investment
President Tinubu has enacted a new policy framework aimed at attracting $50 billion in investment to Nigeria's offshore oil sector by replacing project-specific negotiations with standardized rules.
TUC demands currency reform and improved security measures
The Trade Union Congress of Nigeria has called for a stronger naira, state-level police implementation, and a shift in refinery management to combat economic hardship and insecurity.
President Tinubu Targets Doubling Livestock Industry’s Economic Value to $64 Billion
President Bola Tinubu has launched a new national strategy aimed at doubling the $32 billion annual economic contribution of Nigeria's livestock sector through modernization and increased investment.
Nigeria Customs Service Targets N11 Trillion Revenue Through Tech Reforms
Comptroller-General Adewale Adeniyi states that technology-led reforms and reduced human discretion have put the Nigeria Customs Service on track to hit its ₦11 trillion revenue target for 2026.
Nigeria Customs FOU Zone A Seizes Smuggled Goods Worth ₦3.24 Billion
Nigeria Customs Service FOU Zone A has intercepted 220 consignments of contraband worth ₦3.24 billion and recovered ₦728.9 million in revenue through intelligence-led operations.
Tinubu Praises Continental Adoption of Nigerian Customs Reforms and Bergmans’ Major Contract
President Tinubu lauded the selection of a Nigerian-owned firm for a major AfCFTA modernization project, hailing the move as a victory for indigenous innovation and regional integration.