Economy
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Minister launches WEIDE Fund to improve economic empowerment for women
The Minister of Women Affairs and Social Development, Imaan Sulaiman-Ibrahim, has unveiled the Women Entrepreneurs and Innovators for Development (WEIDE) Fund in Abuja, describing it as a bold step toward transforming the economic fortunes of Nigerian women. Speaking at the launch on Thursday, Sulaiman-Ibrahim declared that “the hands of our women will build the wealth of our nation,” emphasising that…
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WTO powers $50m digital trade for women in Nigeria
By Kunle Sanni The World Trade Organisation (WTO) has launched the Nigerian phase of its Women Exporters in Digital Economy (WEIDE) Fund, a $50 million initiative to support women entrepreneurs in digital trade. At the launch held Thursday in Abuja, Nigeria’s First Lady, Senator Oluremi Tinubu, represented by Hajiya Nana Shettima, joined WTO Director-General Dr. Ngozi Okonjo-Iweala to unveil the…
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Tinubu’s ward-based development plan will reach 10m Nigerians, says Bagudu
Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has explained that the Renewed Hope Ward Development Programme, recently launched by President Bola Tinubu, is designed to ensure that the 10 million Nigerians experience the benefits of the ongoing economic reforms. The minister spoke during a courtesy visit to his office in Abuja by the President of the Institute of…
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Tinubu deserves credit for economic stability, says WTO chief Okonjo-Iweala
By Kunle Sanni – Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has commended President Bola Tinubu for stabilising Nigeria’s economy, saying the next priority must be achieving growth and building social safety nets. Speaking to journalists after a courtesy visit to the president at the Presidential Villa in Abuja on Thursday, Okonjo-Iweala said the economic reforms introduced…
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Tinubu administration pledges stronger policy, funding support for creative industry
…as Presidency says dedicated ministry, targeted investment will boost jobs, cultural diplomacy, and global competitiveness. The Presidency has reaffirmed President Bola Tinubu’s commitment to strengthening Nigeria’s creative industry through sustained policy backing, increased investment, and an enabling business environment. Speaking at the inaugural Creative Powerhouse Summit (QED-NG) held at the Radisson Blu, Ikeja GRA, Lagos, Senior Special Assistant to the…
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FG moves to clear N4trn GenCos’ debt
The minister of finance and coordinating minister of the economy, Mr. Wale Edun has presented a proposal to the federal executive council (FEC) to enable the federal government to clear the N4 trillion debt owed to power generation companies. Edun spoke on Wednesday while briefing state house correspondents after the FEC meeting, presided over by President Bola Tinubu. Edun said…
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Peace in Niger Delta drove record oil, gas revenue — FIRS Chairman
The Federal Inland Revenue Service (FIRS) has announced that it met its 2025 oil and gas sector revenue target for the first time in years, attributing the achievement to improved security in the Niger Delta. FIRS Chairman, Dr. Zacch Adedeji, made the disclosure when he hosted a delegation of military leaders led by Chief of Defence Staff, General Christopher Musa,…
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Appeal Court overturns Araraume judgment, saves NNPC ₦5bn payout
The Court of Appeal in Abuja has overturned an April 2023 judgment of the Federal High Court that annulled the removal of Senator Ifeanyi Araraume as non-executive chairman of the Nigerian National Petroleum Company Limited (NNPC Ltd.) board and awarded him ₦5 billion in damages. The ruling, delivered on August 8, 2025, spares NNPC Ltd. from making the hefty payout…
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Tinubu unveils steel sector revival plan, sets 10m-tonne output target by 2030
By Kunle Sanni – President Bola Tinubu has pledged to transform Nigeria’s steel sector into the nation’s industrial backbone, unveiling fresh investments, partnerships, and policy measures to revive stalled projects and boost local production. Speaking at the Inaugural Stakeholders’ Summit on the Development of the Steel Sector in Abuja on Wednesday, Vice President Kashim Shettima, who represented the President, said…
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BREAKING: Tinubu to visit Japan, Brazil for investment talks, TICAD9 Summit
By Kunle Sanni – President Bola Tinubu will depart Abuja on Thursday for a two-nation trip to Japan and Brazil, with a stopover in Dubai, United Arab Emirates. In Japan, the President will attend the Ninth Tokyo International Conference on African Development (TICAD9), scheduled to hold in Yokohama from August 20 to 22. The summit, themed “Co-create Innovative Solutions with…
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