Economic

Abuja, Nigeria — A new fiscal review has raised fresh concerns over the financial health of Nigerian states, as twelve sub-national governments failed to meet their 2025 first-quarter revenue targets despite collectively spending over N117 billion on debt servicing. This was revealed through Q1 budget implementation reports obtained from state portals and the Open Nigerian […]

Addis Ababa, Ethiopia— The Africa Minerals Strategy Group (AMSG) has taken a decisive step toward harmonizing the continent’s mineral resource management by unanimously endorsing the Pan-African Resources Reporting Code (PARC). The announcement was made by Dr. Dele Alake, Nigeria’s Minister of Solid Minerals Development, at the sixth AMSG inter-ministerial meeting, with the group’s Secretariat releasing […]

Lagos – The Special Adviser to the Governor on Transportation, Mr Sola Giwa, says the Lagos State Traffic Management Authority (LASTMA) will unveil an ambitious 20-year strategic blueprint for traffic management in the state. Giwa said this at a news conference on Wednesday in Lagos in commemoration of LASTMA’s 25th anniversary. According to Giwa, the […]

US/Nigeria – Barely a day after the United States halted the issuance of multiple visa entries to some categories of Nigerian travellers, the United Arab Emirates (UAE) has also amended its visa policy to affect Nigerians. The UAE restriction comes 10 months after the UAE amended its visa policy for Nigerians, further restricting the country’s […]

Abuja, Nigeria — The Corporate Affairs Commission (CAC) has launched an Artificial Intelligence (AI)-powered registration portal as part of its bold drive to revolutionize business registration processes in Nigeria. The announcement was made by the Registrar-General and Chief Executive Officer of CAC, Mr. Hussaini Ishaq Magaji, during the Commission’s 2025 stakeholders’ forum. According to Magaji, […]

Washington, D.C., USA — The International Monetary Fund (IMF) has called on the Federal Government of Nigeria to revise its 2025 budget of N54.99 trillion in response to lower-than-expected global oil prices. This recommendation was detailed in the IMF’s Article IV Consultation Report on Nigeria, released yesterday in Washington, D.C. The IMF projects Nigeria’s economy […]

Abuja, Nigeria — The House of Representatives has initiated a comprehensive inquiry into the rollout of Nigeria’s Compressed Natural Gas (CNG) Policy, with a focus on assessing its operational impact, regulatory integrity, and alignment with national sustainability goals. The move was officially announced during the inauguration of the House Ad Hoc Committee on the CNG […]

Abuja, Nigeria—In response to Nigeria’s deepening food security challenges, the Federal Ministry of Agriculture and Food Security has called for a series of prayer and fasting sessions, urging staff to seek divine intervention for national development and protection. The directive was issued through an internal circular dated June 11, 2025, signed by Mrs. Adedayo Modupe […]

Nigeria – Nestlé Nigeria Plc has announced an ongoing collaboration with the Federal Ministry of Livestock Development to launch a dairy technical skills development program aimed at enhancing the quality and volume of milk production in Nigeria. A statement by Victoria Uwadoka, Corporate Communications, Public Affairs and Sustainability Lead, Nestlé Nigeria, said the initiative has […]

Lagos — The Nigerian capital market is poised for a significant boost as Dangote Petrochemicals prepares for its highly anticipated listing on the Nigerian Exchange (NGX), a move expected to elevate market performance and attract fresh investment into the nation’s bourse. Chairman of the NGX Group, Dr. Umaru Kwairanga, shared optimism over the development, noting […]