Economy
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California delegation visits Nigeria, seeks collaboration on climate, technology
By Kunle Sanni – Nigeria’s National Council on Climate Change (NCCC) hosted a high-level delegation from the U.S. State of California in Abuja last Thursday, signaling a fresh push to deepen economic and environmental cooperation between Africa’s largest economy and the world’s fourth-largest. Led by California Secretary of Transportation, Adetokunbo Omishakin, the 40-member delegation included state officials, business executives, and…
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Finance minister, CBN, FIRS deepen collaboration to boost economic stability, investor confidence
In a significant step towards strengthening Nigeria’s economic fundamentals, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, on Tuesday, held a strategic meeting with the Governor of the Central Bank of Nigeria, Dr. Olayemi Cardoso, at the CBN Headquarters in Abuja. Director, Information and Public Relations, federal ministry of finance, Mohammed Manga in a…
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Sanwo-Olu, Bago, Kyari say competitive agric exports will improve foreign reserves
Minister of Agriculture and Food Security, Senator Abubakar Kyari, has said Nigeria can grow its foreign reserves by exporting agricultural produce that meets international standards and by investing heavily in the sector. Speaking at the First Bank 2025 Agric and Export Expo held at Eko Hotels on Tuesday, Kyari, represented by Engineer Ibrahim Aikali, noted that agriculture remains the key…
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Brent price drops to $65.93/ barrel as Nigeria’s fiscal plan faces pressure
Oil prices fell on Tuesday, over the possibility that the meeting between the United States (US), Russia, and Ukraine could lead to the easing of sanctions on Russian crude, leading to an increase in the supply of the commodity. According to data from oilprice.com, Brent crude was down by 1.01per cent or 67 cents to trade at $65.93 per barrel,…
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PHOTO NEWS: Tinubu commissions 40,000 CBM liquefied petroleum gas vessel in South Korea
In a move that represented Nigeria’s commitment to deliver clean and sustainable energy solutions not just in-country but also across Africa and beyond, President Bola Ahmed Tinubu on Monday in Ulsan, South Korea, commissioned the WAGL Energy Limited’s 40,000 cubic metres (CBM) Liquefied Petroleum Gas (LPG) vessel, christened “MT Iyaloja (Lagos). Represented by the Minister of State for Petroleum Resources…
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21.88% July’s inflation report reflects economy stabilising, says CPPE
The Centre for the Promotion of Private Enterprise (CPPE) has stated that the dropped in July 2025’s inflation report to 21.88 per cent reflects the macroeconomic environment is stabilising. The National Bureau of Statistics (NBS) had published its July inflation numbers, showing Nigeria’s headline inflation rate eased to 21.88 per cent in July 2025, from 22.22 percent in June 2025.…
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Shettima hails Zenith Bank at 35th anniversary, praises founder Jim Ovia’s vision
…VP says bank’s culture of innovation, integrity has shaped Nigerian finance By Kunle Sanni – Vice President Kashim Shettima has commended Zenith Bank for its culture of innovation and integrity, describing the institution as a force that has transformed Nigeria’s banking industry and set global standards. Speaking on Saturday at the bank’s 35th anniversary celebration in Lagos, Shettima lauded founder…
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146 women to access $50m grants as WTO breaks barriers in Nigeria’s digital trade
The World Trade Organisation (WTO) has launched the first phase of its Women Exporters in Digital Economy (WEIDE) Fund in Nigeria, with a $50 million investment aimed at creating opportunities for women entrepreneurs in the digital economy. The initiative, jointly implemented with the International Trade Centre (ITC), will provide financial support and technical assistance to women-led micro, small, and medium…
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Musawa launches Nigeria’s first digital museum to showcase national heritage
The Minister of Art, Culture, Tourism, and the Creative Economy, Hannatu Musa Musawa, has unveiled the NCMM Digital Museum, a groundbreaking platform that transforms how Nigerians connect with their cultural heritage. The new initiative offers, for the first time, authentic Nigerian antiquities and artistic masterpieces in an immersive online space. With just a click, users anywhere in the world can…
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Nigeria’s inflation rate drops to 21.88% in July, says NBS
The National Bureau of Statistics (NBS) on Friday disclosed that the inflation rate in Nigeria eased to 21.88per ent relative to the 22.22 per cent reported in June 2025. The data shows that, on a year-on-year basis, the headline inflation rate was 11.52per cent lower than the rate recorded in July 2024 which was at 33.40per cent. “This shows that…
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