business
Nigeria’s Inflation Rate Drops to 15.43% as Price Pressures Ease Up Nigerians are getting a much-needed breather as the country’s headline inflation rate continued its downward trend, dropping to 15.43% in July. According to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS), the new figure represents a 0.48 […]
FG Invites Investors to Turn 4,000 Abandoned Plateau Mine Pits into Power and Tourist Attractions In an effort to transform longstanding environmental hazards into commercial opportunities, the Federal Government is inviting private investors to take over and repurpose more than 4,000 abandoned mine pits scattered across Plateau State. The Minister of Solid Minerals Development, Dr. […]
Saraki Opens Massive 500-Laptop Tech Hub Built by Bauchi PDP Guber Candidate Thousands of students and young tech enthusiasts in Bauchi State are set to benefit from a brand-new digital hub following the official commissioning of a 500-seater Information and Communication Technology (ICT) and Computer-Based Test (CBT) centre in Azare. The state-of-the-art facility, established by […]
75 Nasarawa Residents Smile Home with N250k Business Grants Dozens of small-scale entrepreneurs and less-privileged residents in Nasarawa North Senatorial District have received a major financial lifeline to start and grow their local businesses. A total of 75 beneficiaries picked from Akwanga, Wamba, and Nasarawa Eggon Local Government Areas received N250,000 cash grants each, bringing […]
Agency Wraps Up New National Money-Sharing Template and Officials’ Pay Review Nigeria is one step closer to a revamped revenue-sharing model after the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) concluded its long-awaited review of the country’s Revenue Allocation Formula. Disclosing the development during an interactive session with media editors, RMAFC Chairman Dr. Mohammed Bello […]
Anambra Rallies FG and Private Investors to Beat Erosion and Build a Thriving Green Economy The Anambra State Government is seeking to turn its long-standing battle against destructive gully erosion into an economic breakthrough by forging strategic climate partnerships with the Federal Government, private investors, and grassroots communities. Speaking at the Anambra Climate Resilience and […]
Nigerian Twins Shatter Myths as Both Earn NNPC Jobs on Pure Merit In a country where recruitment into major public institutions is often assumed to depend on political clout and personal connections, identical twin brothers Hussaini and Hassan Malami have proven that hard work, competence, and preparation still yield results. The duo officially joined the […]
Industry Titan Bala Wunti Appointed Pioneer CEO of World Energy Council Nigeria The World Energy Council (WEC) Nigeria has appointed former top Nigerian National Petroleum Company Limited (NNPCL) executive, Dr. Bala Wunti, as its inaugural Chief Executive Officer. The landmark announcement by the board of WEC Nigeria creates the first dedicated executive management structure for […]
Sanwo-Olu Drives Mandatory Insurance, Digital Health Records, and Free Emergency Care across Lagos Lagos State Governor Babajide Sanwo-Olu has unveiled a comprehensive roadmap to achieve universal health coverage, declaring that his administration is shifting away from temporary healthcare projects to build lasting medical institutions for all residents. Speaking at the opening of the second Eko […]
Benue Praises Tinubu’s Economic Reforms as Revenue Boom Sparks Massive Road and Industrial Surge The Benue State Government has linked the rapid transformation of its road networks and the revival of abandoned state industries directly to the fiscal reforms executed by President Bola Ahmed Tinubu. Speaking during a project inspection tour organized by the Renewed […]
FG Targets Global Billions at Maiden ‘Nigeria NOW!’ Expo in Abuja The Federal Government has launched a major economic drive to attract foreign direct investment into Nigeria’s solid minerals, energy, and infrastructure sectors through the upcoming Nigeria NOW! Global Investors Expo. Speaking during the official unveiling of the initiative in Abuja, the Minister of Solid […]
Wike Declares Abuja Open for Business, Targets Top Investment Hub Status The Federal Capital Territory Administration (FCTA) is aggressively driving reforms to turn Abuja into Nigeria’s most investor-friendly business hub, while warning that land grabbers and fraudulent real estate operators will no longer be tolerated. FCT Minister Nyesom Wike gave the commitment at the opening […]
FG Launches Interministerial Committee to Clean Up Agro-Exports and Stop Massive Global Trade Losses The Federal Government has taken a decisive step to rescue the nation’s agricultural export sector from recurring international rejection, inaugurating a high-powered Interministerial Committee designed to overhaul quality assurance and biosecurity. The committee, unveiled during a strategic stakeholders’ meeting at the […]
World Bank to Cut Off All Loans to China by 2031 as World’s Second-Largest Economy Shifts From Recipient to Global Donor In a landmark shift for global finance, the World Bank has officially confirmed that it will phase out all development loans to China by 2031, marking the end of Beijing’s multi-decade run as a […]
FG Promises Huge Kaduna-Katsina Rail Tracks Will Open by December as Mega Project Hits 75% Completion The dreams of a modern, fast transportation network connecting the economic and agricultural hubs of Northern Nigeria are rapidly materializing into steel and concrete, with federal authorities promising that train services along the Kaduna, Kano, and Katsina corridors will […]
Food Prices Explode Nationwide as Kitchen Costs Surge Despite a Sneaky Drop in Overall Inflation Figures Nigeria’s market realities are painting a starkly different picture from official balance sheets as families face a brutal squeeze at the grocery counter despite a highly publicized drop in the national inflation rate. According to the fresh Consumer Price […]
Keyamo Strikes Deal with Global Jet Giants to Upgrade Nigeria’s Local Airlines and Lower Flight Costs Nigeria’s local airlines are on the verge of a massive structural upgrade after the federal government wrapped up an intense international tour aimed at bypassing costly middlemen and connecting domestic operators directly with the world’s biggest aircraft manufacturers. The […]
US Strikes 140 Targets as Iran Shuts Down Crucial Oil Shipping Lane in Massive Military Showdown Global energy markets are bracing for a massive price shock after a sudden, violent military escalation between the United States and Iran brought shipping traffic to a near-standstill in the world’s most vital oil transit corridor. International benchmark Brent […]
Four African Giants Controlling Two-Thirds of Global Cocoa Team Up to Ban Raw Bean Exports and Take Over the Chocolate Market In a massive economic shakeup that is set to send shockwaves through the global confectionery industry, four of Africa’s biggest agricultural powers have agreed to form a unified cartel aimed at completely halting the […]
Investments Surge in Nigeria’s Oil Sector as Shell and ExxonMobil Double Down for Future Gains In a significant move highlighting Nigeria’s resurgence in the global oil market, major players Shell and ExxonMobil are committing billions to the country’s deepwater oil exploration. This development follows Nigeria’s historic admission as the first member of OPEC to join […]