economy
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Featured
We are restoring confidence in Nigeria economy – Tinubu
President Bola Tinubu says his administration is restoring confidence in Nigeria economy through measures aimed at reducing inflation, stabilising the foreign exchange market, and improving fiscal management. Tinubu, represented by his Vice, Kashim Shettima, gave the assurance on Tuesday at the 17th Annual Chartered Institute of Bankers of Nigeria (CIBN) Banking and Finance Conference held in Abuja. He described theme…
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Entertainment
Erelu of Lagos celebrates King Kosoko’s timeless impact on state’s economy
Chief Abiola Dosumu, the Erelu of Lagos, on Sunday celebrated the timeless contributions of late King Kosoko to the growth of Lagos economy. Dosumu, during the 2024 edition of King Kosoko Memorial Lecture in Lagos, described late Kosoko as a great achiever who paved the way for others to attain success in the city of Lagos during his reign between…
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economy
NIWA woos private sector to grow blue economy
Mr Bola Oyebamiji, the Managing Director of National Inland Waterways Authority (NIWA) has called for deeper private sector participation in the blue economy initiative to harness greater benefits from the Blue economy for national development. This is contained in a statement issued by the Assistant General Manager, NIWA Corporate Affairs, Mr Suleiman Makama. Oyebamiji made the call during his tour…
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Featured
Abuja Industrial Park ‘ll create 40,000 jobs, improves Nigeria’s economy – Wike
The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, says the Abuja Industrial Park, being developed by Zeberced Group, will create 40,000 jobs and improve Nigeria’s economy when fully operational. Wike stated this when he visited the site, located at Idu Industrial Zone, Abuja, on Wednesday. The minister, who was visibly excited by the level of development at…
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economy
AfDB to assist 30 SMEs scale up circular economy initiatives
The African Development Bank (AfDB)-supported AfriCircular Innovators Programme has selected 30 Small and Medium Enterprises (SMEs) to receive financing and technical assistance to scale up circular economy initiatives. The bank in a statement on Saturday, said that this inaugural cohort, drawn from Cote d’Ivoire, Ghana and Rwanda, participated in its online onboarding event on August 9. The AfriCircular Innovators Programme…
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Featured
Petty traders, backbone of Nigeria’s local economy – First Lady
The First Lady, Sen. Oluremi Tinubu, says that Small and Medium Enterprises, especially women petty traders form the backbone of Nigeria’s local economy. Oluremi, who was represented by the wife of the Anambra State Governor, Dr Nonye Soludo, made the assertion on Thursday at the commencement of the Renewed Hope Initiative (RHI) economic empowerment programme in Awka, the state capital.…
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Featured
DRC Inaugurates $30 Million Raxio Data Centre to Catalyse Digital Economy
In a landmark move reinforcing the Democratic Republic of the Congo’s (DRC) burgeoning role in Africa’s digital transformation, Raxio Group today inaugurated its state-of-the-art data centre in Kinshasa, marking the country’s largest data centre, with Tier III accreditation by international industry body, the Uptime Institute. Known as Raxio DRC1, the cutting-edge facility is backed by a $30 million investment, and…
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Featured
Clergies rally global investors to improve Nigeria’s economy
Some Christian clergies on Monday urged global investors to invest from the abundant resources in Nigeria for improved national development. Rev. John Darku, Africa Executive Director of Christ for All Nations (CfaN) made the call while briefing the media after a meeting with heads of major denominations and FCT Christian Association of Nigeria (CAN) leadership in Abuja. Darku said that…
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Featured
Our policies will propel economy out of downturns – Tinubu
President Bola Tinubu says his administration has implemented bold policies to propel Nigeria’s economy out of the downturns occasioned by multiple shocks in the global economy. Tinubu, represented by the Vice-President Kashim Shettima, made the call while declaring open the 2024 African Caucus Meeting held at the Transcorp Hotel, Abuja. ”As a government, we have initiated bold economic reforms aimed…
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Featured
Nigeria poised to overtake global economy – Shettima
Vice-President Kashim Shettima says Nigeria is not just catching up with the rest of the world but also poised to overtake the global economy. He stated this on Tuesday when he unveiled the AI Expertise Blockchain and Technology Training and Outsourcing Initiative in Dutse, Jigawa. The initiative launched at the Yakubu Gowon NYSC Orientation Camp, Fanisau, a suburb of Dutse,…
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NEWS
NAICOM boss affirms insurance sector’s commitment to grow $1trn economy
The National Insurance Commission (NAICOM) on Tuesday affirmed its commitment to align the insurance sector with the Renewed Hope Agenda of President Bola Tinubu. Mr Olusegun Omosehin, Commissioner for Insurance, gave the assurance at the investiture of Mrs Yetunde Ilori as the 52nd president of the Chartered Insurance Institute of Nigeria (CIIN) in Lagos.Omosehin, also the Chief Executive Officer, NAICOM,…
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Featured
Clerics feeling economy impacts – Chaplain
Rev. Fr. Patrick Nnamani, MSP, the Chaplain, St. Luke’s Chaplaincy Catholic Church, Gwagwalada, has said that the nation’s economy is not favourable to anyone, including the Priests. Nnamani made the remarks in Gwagwalada, at an event to celebrate his 10th Priestly anniversary. He noted that priests depended on people’s generosity to survive, but the unfavourable state of the economy was…
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economy
Economy has witnessed growth, stability says CBN
The Central Bank of Nigeria (CBN) said in Abuja on Friday that its monetary policies and actions have stimulated growth and stability of the nation’s economy. CBN Governor, Mr. Olayemi Cardoso, said this during an engagement with Senate Committee on Banking, Insurance and other Financial Institutions. Cardoso said that given the positive indicators, Nigerian were in for better days. He…
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Featured
Tinubu mandates Presidential Economic Coordination Council to strengthen economy
President Bola Tinubu on Thursday inaugurated the Presidential Economic Coordination Council (PECC), mandating it to strengthen the economy. He also inaugurated the Economic Stabilisation Programme aimed ensuring food security, improved power supply, enhanced social welfare and healthcare, increased energy production, and overall economic transformation. Speaking during the inaugural of the 31-member Council at the Council Chambers in Abuja, Tinubu, who…
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economy
Strike: ACCI urges FG, labour to put nation’s economy above all
The Abuja Chamber of Commerce and Industry (ACCI), has urged the Federal Government and Labour Unions to prioritise the nation’s economic well-being by seeking amicable resolutions to disputes. The President of ACCI, Emeka Obegolu, said this in an interview with the News Agency of Nigeria (NAN) in Abuja. Obegolu was reacting to the recent strike embarked upon by the Nigeria…
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economy
Economy: Appeal court president urges insolvency association on standards
Justice Monica Dongban-Mensem, President Court of Appeal, has urged the Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) to intensify efforts to raise professional standards and enhance economic growth. Dongban-Mensem said this when members of the association led by its President, Mr Chimezie Ihekweazu, SAN, visited her on Thursday in Abuja. The News Agency of Nigeria (NAN) reports that…
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Featured
FG announces boost in nation’s economy
The Federal Government has reported significant boosts in the nation’s economy with the Excess Crude Account standing at 473.75 million dollars and Stabilisation Account at over N28.7 billion. The Government also said that the nation’s Natural Resources fund stood at over N53.89 billion. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this at 142nd National…
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