Economy
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Kyari unveils climate-smart policies to strengthen Nigeria’s food security
By Kunle Sanni – The Minister of Agriculture and Food Security, Abubakar Kyari, has emphasized that proactive policies in Nigeria’s agricultural sector are key to unlocking sustainable food systems, improving productivity, restoring ecosystems, and securing better livelihoods for farmers. Kyari made this known while addressing a high-level event on “Unlocking Sustainable Agrifood Systems for Climate, Nature, and Livelihoods” during the…
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Nigeria recorded N7.4trn trade surplus in Q2 2025, says NBS
The National Bureau of Statistics (NBS) on Friday disclosed that Nigeria recorded a trade surplus of N7.46 trillion in the second quarter (Q2) of 2025. A trade surplus is an economic indicator of a positive trade balance in which the exports of a nation outweigh its imports. The NBS, in its foreign trade report for Q2 of 2025, said Nigeria’s…
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Dangote refinery denies NUPENG allegations, reaffirms commitment to energy transition
Dangote Petroleum Refinery has firmly rejected allegations made by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), stressing its commitment to workers’ welfare, job creation, and national economic growth. Responding to claims of union suppression in a statement released on Thursday, the company stated that employees are free to associate with recognised trade unions and denied any coercion.…
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Fuel scarcity looms as NUPENG accuses Dangote refinery of breaching agreement
The truce between the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) and the $20billion Dangote Petroleum Refinery has collapsed, igniting a fierce industrial dispute that threatens fuel supply stability. The confrontation follows allegations by NUPENG that the Dangote Group reneged on a Memorandum of Understanding signed earlier this week, under which the refinery agreed to allow tanker drivers…
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FG endorses STICOMMS’25, pledges collaboration
The Federal Government through the Ministry of Innovation, Science and Technology (FMIST) has endorsed the first National Science, Technology and Innovation Communication Conference (STICOMMS’25). The Minister of Innovation, Science and Technology, Chief Uche Nnaji expressed his Ministry’s interest and endorsement describing it as a unique conference and first of its kind. Chief Nnaji further assured the organizers – African University…
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FG woos investors as Creative Economy Week 2025 kicks off
By Kunle Sanni – The Federal Government has declared Nigeria’s creative industry a prime destination for investment, urging both local and international stakeholders to tap into the vast opportunities in arts, culture, tourism, and entertainment. Permanent Secretary, Ministry of Arts, Culture, Tourism and Creative Economy, Mukhtar Mohammed, made the call on Thursday in Abuja at a press conference to announce…
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Nigeria halves crude oil losses in seven months, NUPRC reports
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported a 50.2 percent decline in crude oil losses in the first seven months of 2025, marking a significant reduction for the country. According to the commission, the country lost 2.04 million barrels of crude oil between January and July, averaging 9,600 barrels per day—the lowest level since 2009. This is a…
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Shettima orders speedy disbursement of ₦250bn credit to farmers
By Kunle Sanni – Vice President Kashim Shettima has directed the Presidential Food Systems Coordinating Unit (PFSCU) to fast-track the release of the Federal Government’s ₦250 billion credit facility for smallholder farmers at a single-digit interest rate. Shettima issued the directive on Thursday during the 6th meeting of the PFSCU Steering Committee at the Presidential Villa, Abuja, saying the unit…
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FG tasks civil society to provide inputs on improving service delivery to Nigerians
The Federal Government has urged Civil Society Organisations to provide inputs and suggestions that can help improve service delivery to Nigerians. Minister of Budget and Economic Planning, Senator Abubakar Bagudu, made this call on Thursday in Abuja during the Citizens and Stakeholders Engagement Forum. Bagudu encouraged Civil Society to engage with the data supplied by the National Bureau of Statistics…
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NASENI-PICTT launches DELTA-2 second call for proposals amid driving R&D in critical sectors
The National Agency for Science and Engineering Infrastructure (NASENI) and the Presidential Implementation Committee on Technology Transfer (PICTT) have launched the second phase of the DELTA-2 Programme-the 2nd Call for Proposals, which will focus on Commercialization of all R&D outcomes in different fields of the economy. The Delta-2 Project is a bilateral collaboration by the Federal Government of Nigeria through…
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