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Economy
64 posts
Nigeria tomato costs expected to drop in August
TOPAN officials expect tomato prices to fall by August as wet-season harvesting begins and suggest improved storage to stabilize long-term market supply.
Vice President Shettima Highlights How MSMEs Are Revitalizing Nigerian Communities
Vice President Kashim Shettima reaffirmed the government's commitment to supporting MSMEs as the primary engine of Nigeria's economic growth, noting the creation of 650,000 jobs through infrastructure initiatives and significant financial aid packages.
Senate textile import ban could cost Nigeria 10 million jobs, CPPE warns
The CPPE warns that the Senate's proposed ban on textile imports threatens a N7 trillion industry and the jobs of 10 million Nigerians.
Scaling Nigeria’s Cassava Industry Beyond Raw Production
Nigeria dominates global cassava production, but failing to industrialize this supply leaves the country dependent on imports. Moving toward a model of value-added processing is essential for economic growth.
Vice President Shettima Highlights MSMEs as Vital Drivers of Nigeria’s Economy
Vice President Kashim Shettima states that MSMEs constitute 90 percent of Nigerian businesses and support 60 million jobs, as the government pushes for an enterprise-led economy.
President Tinubu Authorizes No-Cost CAC Registration for 250,000 Small Businesses
President Tinubu has launched an initiative to provide free corporate registration for 250,000 small businesses to encourage formalization and reduce operational costs.
Tinubu administration remains silent amid public outcry for lower fuel costs
President Tinubu and his administration have not yet responded to public pressure to lower fuel prices as global crude oil rates return to pre-conflict levels.
Governor Abiodun Revives OKLNG Project and Unveils Expansion Plans for Ogun Waterside
Ogun State Governor Dapo Abiodun has announced the revival of the Olokola LNG project and outlined a comprehensive strategy to transform the Ogun Waterside region into a major maritime and industrial hub.
Muslim Media Watch Group Demands Fuel Price Reduction to N700 in Nigeria
The Muslim Media Watch Group of Nigeria has urged the Federal Government to force fuel marketers to lower petrol prices to N700 per litre, citing the recent cooling of global oil markets.
Energy Expert Explains Why Petrol Prices Remain High Despite Falling Crude Costs
Petroleum economics expert Prof. Wumi Iledare clarifies that fuel prices do not instantly fall with crude oil due to inventory costs, exchange rate volatility, and market-driven pricing structures.