Browsing Tag
Economy
524 posts
Federal Government and NDDC Launch $500 Million Agricultural Initiative for Niger Delta
The federal government and the NDDC are set to launch a $500 million agricultural fund for the Niger Delta, aiming to boost commercial farming and attract global investment through a July 15 summit in Abuja.
APM Demands Transparency on Fuel Subsidy Savings from President Tinubu
The Allied People’s Movement has challenged President Tinubu to provide a transparent account of the N20 trillion saved from the fuel subsidy removal, citing ongoing economic hardship.
Nigerian Senate Approves Lafarge Africa Acquisition by Huaxin with Regulatory Caveats
The Nigerian Senate has approved the sale of Lafarge Africa Plc to Hainan Huaxin Pan-African Investment Company, citing no national security risks while demanding strict regulatory oversight.
Minister Idris Affirms Federal Government Reforms are Driving Nigeria’s Economic Recovery
Information Minister Mohammed Idris asserts that President Bola Tinubu's economic reforms are successfully attracting investment and diversifying Nigeria's growth beyond oil.
Nigeria Reports ₦354 Billion in Solid Minerals Exports for 2025
The Solid Minerals Development Fund reports that Nigeria generated ₦354 billion from mineral exports in 2025, following a series of strategic industry reforms.
Nigerian Gas Stations Close Amid Fuel Price Hike Rumors
Several Nigerian petrol stations have suspended operations as rumors circulate regarding potential fuel price hikes following global crude oil market volatility.
Nigeria Lost $1.5 Billion to Gas Flaring in 2024, Says German Envoy
German Ambassador Annett Günther reported that Nigeria flared 5.3 billion cubic metres of gas in 2024, costing the nation $1.5 billion, while outlining new initiatives to repurpose this waste for economic growth.
Presidency Claims Nigerians At Home Fare Better Than Some Migrants
Daniel Bwala, a presidential aide, argues that many Nigerians living at home are better off than those who emigrated abroad, citing the prevalence of low-skilled labor roles among highly educated migrants.
Central Bank Confirms N100 Note Status as Valid Currency
The Central Bank of Nigeria has confirmed that the standard N100 note remains valid tender following reports of businesses rejecting the currency.
IMF Warns Increasing Costs Will Worsen Poverty Levels in Nigeria
The IMF reports that rising costs for essential goods will continue to drive poverty in Nigeria, even as the nation maintains steady economic growth forecasts.