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...
Economy
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...
MTN Group has restated its determination to help deepen the economic corridor between Nigeria and South Africa, describing the relationship as crucial to Africa’s long-term growth. The telecoms giant made the pledge during the Nigeria–South Africa Presidential Trade and Investment Breakfast Dialogue, where government officials and business leaders converged...
President Bola Tinubu said the sweeping economic reforms underway in the country are intentionally crafted to equip Nigerian youths with globally competitive skills and secure a stronger future for the nation. The president made the remarks on Monday while hosting the Duke of Edinburgh, Prince Edward, at the State...
Ambassador of the Republic of Turkey to Nigeria, Mehmet Poroy, has said Ankara has approved easier and faster visa procedures for Nigerian businessmen, eliminating the need for approval from the Turkish capital, in a move aimed at boosting economic cooperation between the two nations. Poroy disclosed this during a...
Federal Government has announced that Nigeria’s livestock industry could contribute as much as $74 billion to the nation’s GDP by 2035, under the new National Livestock Growth Acceleration Strategy (NL-GAS). Minister of Livestock Development, Dr. Idi Maiha, disclosed this on Wednesday in Abuja during a Donor and Partnership Workshop...
Danish billionaire and Founder of Bestseller Foundation, Mr Anders Povlsen, has pledged to invest in Nigeria’s digital economy, entertainment and sports sectors. Povlsen made the commitment on Tuesday during a courtesy visit to President Bola Tinubu at the State House, Abuja. He was accompanied by the Danish Ambassador to...
All Progressives Congress (APC) said it is heartened by global acclaim of President Bola Tinubu’s economic reforms that are yielding extraordinary results, and signaling that Nigeria now stands on the cusp of prosperity of a kind never before seen in our history. National Publicity Secretary of APC, Felix Morka,...
Central Bank of Nigeria (CBN) has reaffirmed its commitment to ensuring the circulation of clean Naira notes across the country while calling on Nigerians to treat the national currency with respect. The bank also encouraged citizens to become ambassadors for the protection and proper handling of the Naira. The...
President Bola Ahmed Tinubu said on Tuesday in Abuja that the revenue target for 2025 was achieved in August, following economic reforms focused on stimulating the non-oil sector. He said that the bulk of the revenue came from the non-oil sector. The President assured Nigerians that the Renewed Hope...