Economy
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Nigeria unveils landmark Creative Economy Report at Lagos summit
Nigeria has unveiled a groundbreaking initiative aimed at repositioning the creative sector as a key driver of national economic growth. The Creative Economy Data Mapping Report, a first-of-its-kind large-scale assessment of the nation’s creative economy, was officially launched by the Honourable Minister of Art, Culture and the Creative Economy, Barrister Hannatu Musa Musawa, at the Creative Industries Economic Coordination and…
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BREAKING: Zenith Bank declares 14% drop in profit to N625.63bn in H1 2025
Zenith Bank Plc on Thursday published its half year (H1) ended June 30, 2025, interim financial results with profit before tax dropping by 14 per cent too N625.63billion as against N727.03 billion declared in corresponding half year of 2024. The group also reported a 7.9 per cent decline in profit after tax to N532.18 billion from N578.00 billion in H1…
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Marketers demand N1.5trn subsidy to match refinery gantry price, says Dangote
…. Dares DAPPMAN to go to court Dangote Petroleum Refinery has disclosed that the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) demanded an annual subsidy of N1.505 trillion to enable members to match the refinery’s gantry prices at their own depots. The refinery disclosed that although it offers petroleum products to marketers at its gantry price, DAPPMAN insists…
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FG, states, LGAs shared N2.2trn in August 2025, says FAAC
The Federation Account Allocation Committee (FAAC) has disclosed it shared a total of N2.22 trillion among the three tiers of government in August 2025. According to the committee, the allocation is from a gross total of N3.63 trillion. In a statement on Wednesday, the ministry of finance said the FAAC announced the disbursements at its September meeting in Abuja, chaired…
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FG targets $3.14bn agricultural investment to enhance food security
By Kunle Sanni – The Federal Government has unveiled plans to attract $3.14 billion in agricultural investments through the Food and Agriculture Organization’s (FAO) Hand-in-Hand Initiative, focusing on five key value chains: tomato, cassava, maize, dairy, and fisheries. The Minister of Agriculture and Food Security, Senator Abubakar Kyari, disclosed this during the National and Sub-Regional Hand-in-Hand Investment Forum held in…
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JUST IN: FIRS mourns over death of 4 staff in Lagos fire incident
The Federal Inland Revenue Service (FIRS) on Wednesday said it has been thrown into deep mourning and grief over the death of four staff members in the fire incident at Afriland Towers located on Broad Street, Lagos, on Tuesday. The deceased staff were working at one of the two FIRS offices housed on the sixth and seventh floors of the…
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IMPI projects inflation drop to 17% by December 2025
The Independent Media and Policy Initiative (IMPI) has projected that Nigeria’s headline inflation will fall to 17 per cent by December 2025, following a steady disinflationary trend that saw inflation drop to 20.12 per cent in August. The think tank described the decline as the sharpest mid-year slowdown in over a decade, falling from 24.5 per cent in January. In…
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‘We can keep deceiving ourselves, Ajaokuta Steel Company will not work’ – Dangote
Africa’s richest man and President of Dangote Petroleum Refinery, Aliko Dangote, has declared that the Ajaokuta Steel Company can no longer be revived, describing ongoing efforts to resuscitate the project as a national act of self-deception. Speaking to journalists on Tuesday, Dangote said the project is obsolete and economically unviable in today’s global industrial landscape. “Honestly, just between us, Ajaokuta…
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Keyamo meets Chinese envoy, COMAC officials on strengthening ties
The Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, on Tuesday hosted the Chinese Ambassador to Nigeria, Yu Dunhai, along with senior executives of the Commercial Aircraft Corporation of China (COMAC), in Abuja, as part of efforts to deepen bilateral cooperation in the aviation sector. Ambassador Yu pledged China’s support for the development of Nigeria’s aviation industry, describing the…
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UPDATED: Tony Elumelu grieves over death of staff during Afriland property inferno
The Chairman of Afriland Properties Plc, Mr. Tony Elumelu on Wednesday said he is devastated by the fire incident at Afriland Towers on Tuesday that claimed the lives of its staff. Earlier, the company in a notice obtained by WESTERNPOST said it has commenced immediate investigation into the fire incident at its 6-storey Towers on Broad Street in Lagos Island…
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