Economy
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Tinubu’s reforms steering Nigeria toward economic stability, says FG
The Federal Government says Nigeria’s economy is on a steady path to recovery, citing President Bola Tinubu’s reforms as the driving force behind recent improvements across key sectors. Minister of Information and National Orientation, Mohammed Idris, made this known on Wednesday while receiving members of the Nigerian Guild of Editors in Abuja. He noted that although challenges remain, the government…
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African mining ministers adopt unified reporting code, hail Alake’s leadership
Ministers of mining from across Africa have adopted the Pan-African Resources Reporting Code (PARC) to enhance transparency and standardization in the continent’s mineral resource management. The decision was reached during the sixth inter-ministerial meeting of the Africa Minerals Strategy Group (AMSG), where Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, was praised for his leadership in steering the group…
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FG advances economic diplomacy efforts in Brazil
The Federal Government has taken a significant step in advancing its economic diplomacy efforts in Brazil, as the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun participated in the Ogun State Investment Forum with the Brazilian Business Community. The Director, Information and Public Relations, Federal Ministry of finance, Mohammed Manga in a statement said the engagement…
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NCC introduces new licensing, regulation framework for A2P messaging
The Nigerian Communications Commission (NCC) on Wednesday unveiled a comprehensive regulatory framework for Application-to-Person (A2P) messaging services, targeting the growing automated messaging sector to curb spam, plug revenue leakages, and enhance telecom sector oversight. A2P messaging is vital for industries such as banking, fintech, airlines, healthcare, and political campaigns, providing automated communication to users. However, lack of formal regulation has…
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OPEN LETTER: Dangote commends Tinubu’s reforms in Lagos, Nigeria
The Group Chairman of Dangote Group, Aliko Dangote, has commended President Bola Ahmed in an open letter for his reforms in Lagos State and Nigeria at large. In the letter sighted by WESTERNPOST on Wednesday, Dangote specifically commended Tinubu for addressing ocean surges and flooding in Victoria Island, as well as for building a new Atlantic city and expanding the…
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Funds from subsidy removal will be channelled into critical infrastructure – Tinubu
President Bola Tinubu on Monday declared that funds saved from the removal of fuel subsidy will be channelled into critical infrastructure, social safety nets, and targeted economic reforms. He reaffirmed that his administration’s commitment to transparency and accountability in public finance management. The President gave the assurance when he declared open the 2025 National Conference on Public Accounts and Fiscal…
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Give us a break, Nigerian government tells IMF to roll back ‘heckling’
The Nigerian government has demanded of the International Monetary Fund (IMF) to give the country a break on its economic reforms, describing the international organization’s frequent statements as “heckling” and potentially destabilising. The Special Adviser to President Bola Tinubu on Economic Affairs, Tope Fasua, on Tuesday during an appearance on Channels Television’s Morning Brief cautioned IMF against what it described…
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FG to distribute 5m LPG cylinders by 2030, targets clean energy access
The federal government has disclosed plans to distribute 5 million liquefied natural gas (LPG) cylinders to various households across the country by the year 2030. Minister of Petroleum Resources (Gas), Ekperikpe Ekpo, who made this disclosure at the flag-off of the Northwest Zone phase of the grassroots LPG Penetration Programme in Sokoto, described the programme as another effort by the…
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BLOOMBERG: Naira decouples from Oil as confidence in Nigerian reforms grows
Nigeria’s currency appears to be decoupling from the price of oil, the nation’s main source of foreign exchange. After some initial volatility in the first half, the naira stabilised even as oil prices fell. Analysts from Deutsche Bank AG to Cardinal Stone expect the Nigerian currency to end the year near 1,556 per dollar — its average exchange rate in…
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Tax reforms under Tinubu most transformative in decades — IMPI
The Independent Media and Policy Initiative (IMPI) has described President Bola Tinubu’s newly enacted tax reforms as the most transformative economic policies introduced in Nigeria in a generation. In a statement signed by its chairman, Dr. Omoniyi Akinsiju, the group said its review of the Nigeria Tax Act (NTA) 2025 shows that the reforms, if effectively implemented, have the potential…
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