economy
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The Central Bank of Nigeria (CBN) has begun the development of a new strategic framework for the country’s payments ecosystem with the launch of the Nigeria Payments System Vision 2028 (PSV 2028). This sets the stage for a more inclusive, innovative, and globally competitive digital financial system. At the inaugural meeting of the PSV 2028 […]
Nigeria has set an ambitious target to raise its industrial contribution to the Gross Domestic Product (GDP) from the current 10 per cent to 25 per cent by 2035 under a newly validated strategic framework, the Federal Government announced on Tuesday. Speaking at a high-level panel during the Gastech Exhibition and Conference in Milan, Italy, […]
President Bola Tinubu has ordered a Federal Executive Council committee to move swiftly on measures to further reduce food prices across the country. The Minister of State for Agriculture and Food Security, Senator Aliyu Sabi Abdullahi, disclosed this on Wednesday in Abuja. According to him, the directive focuses on ensuring safe passage of farm produce […]
Nigeria is positioning itself to become a global leader in the shea industry following President Bola Ahmed Tinubu’s recent decision to temporarily suspend the export of raw shea, Minister of Information and National Orientation, Mohammed Idris, said on Tuesday. The announcement was made at the 20th Institute of Chartered Accountants of Nigeria Northern Zonal Accountants’ […]
The Chairman of the Ogun State Council of the Trade Union Congress (TUC), Comrade Lasisi Akeem, has accused the Dangote Group of violating workers’ rights by allegedly preventing its employees in the oil and gas sector from joining labour unions. Speaking on Eagle 102.5FM’s Frontline today, Akeem argued that Dangote’s policy of non-unionisation contravenes both […]
The Association of Distributors and Transporters of Petroleum Products has dissociated itself from the intended strike by the Nigeria Union of Petroleum and Natural Gas Workers and its cohorts. The National President of ADITOP, Alhaji Lawan Dan-Zaki, said this in an interview with the News Agency of Nigeria on Monday in Abuja. NAN reports that […]
The Federal Government is seeking fresh loans of $1.75bn from the World Bank even as official figures show a sharp rise in revenue collections in 2025. According to the Special Adviser to the President on Information and Strategy, Bayo Onanuga, government revenue between January and August 2025 rose by 40.5 per cent to N20.59tn, compared […]
The newly established Kano State Signage and Advertisement Agency (KASA) has set a target to generate ₦1.5 billion in revenue from outdoor advertising between September and December 2025. Director-General of the agency, Kabiru Dakata, disclosed this on Thursday while briefing journalists on its operations. He said the revenue drive would be expanded to ₦3 billion in 2026 and […]
The All Progressives Congress (APC) and opposition parties on Wednesday traded words over President Bola Tinubu’s declaration that Nigeria had already met its 2025 revenue target, months ahead of schedule. While the ruling APC hailed the achievement as proof of Tinubu’s economic reforms, opposition parties, including the African Democratic Congress (ADC), Labour Party (LP), New Nigeria […]
The Presidency has said Nigeria is firmly on track to meet its annual non-oil revenue target. This was disclosed in a statement signed on Wednesday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, cited new figures showing a sharp rise in collections driven by fiscal reforms, tax compliance, and digitised revenue systems. […]
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