Economy
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Buharinomics: Reviewing the high and low points of the Buhari administration’s economic policies
Former President Muhammadu Buhari, who died at 82 in a London clinic on Sunday, was a former military ruler and self-styled converted democrat. After three failed attempts, Buhari achieved a historic victory in 2015, becoming the country’s first opposition candidate to defeat an incumbent. Re-elected for another four-year term in 2019, he handed over power to President Bola Tinubu in…
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FG, Qatar Charity sign pact on sustainable development
The Federal Government and Qatar Charity have agreed to collaborate on implementing humanitarian interventions, programmes, and development initiatives that meet local needs. Signed in Doha last week by the Minister of Budget and Economic Planning, Senator Abubakar Bagudu, on behalf of the federal government, and the Charity’s Chief Global Operations Officer, Mr Nawaf Abdullah Al-Hammadi, the agreement sets the framework…
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Naira devaluation, fuel subsidy removal plunge Nigerians into hunger — Atiku
Former Vice President Atiku Abubakar has criticised President Bola Tinubu’s economic policies, saying they have deepened hunger and hardship across the country. In a statement posted on his social media platform, Atiku said President Tinubu’s abrupt removal of fuel subsidy on the day of his inauguration “triggered an economic avalanche that has since buried the average Nigerian under the weight…
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Nigeria, Brazil sign health cooperation agreement at BRICS summit
By Kunle Sanni – Nigeria and Brazil have entered into a new agreement to work together on healthcare, following the signing of a Memorandum of Understanding (MoU) during the BRICS Health Ministers’ Meeting in Brazil. The agreement was announced by Nigeria’s Coordinating Minister of Health and Social Welfare, Professor Muhammad Ali Pate, who signed the document alongside Brazil’s Minister of…
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Tinubu reaffirms Niger Delta’s economic importance, tasks NDDC on regional development
President Bola Tinubu has reaffirmed the vital role of the Niger Delta in Nigeria’s economic prosperity, describing it as “the goose that lays the golden egg,” while calling on the Niger Delta Development Commission (NDDC) to intensify efforts in transforming the region. Speaking in Port Harcourt on Saturday during the NDDC’s 25th anniversary celebration, Tinubu—represented by the Secretary to the…
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NNPCL has a roadmap to list on NGX by 2028, says Ojulari
The group chief executive officer (CEO) of the Nigerian National Petroleum Company (NNPC) Limited, Bayo Ojulari has revealed that the company has a roadmap to list on the Nigeria Exchange Limited (NGX) by 2028. He disclosed this at the 9th OPEC international seminar held recently in Vienna, Austria. In a video posted on the NNPC’s official X account, Ojulari said,…
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Repairing state-owned refineries becoming more complicated, says Ojulari
The group chief executive officer (CEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Bayo Ojulari stated that it is becoming a ‘bit more’ complicated to revamp state-owned refineries. The Company had said the Port Harcourt refinery had officially commenced crude oil processing, but the refinery shut down in May for maintenance. The Warri and Kaduna refineries are, however,…
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Ondo, Bauchi partner to attract $2.6bn investment in fertilizer, petrochemical projects
Ondo and Bauchi States have launched a strategic economic partnership aimed at accelerating agricultural development and industrialization, with a $2.6 billion investment already in the pipeline for Ondo. The move was formalized on Friday, July 11, 2025, during a working visit by Bauchi State Governor, Senator Bala Mohammed, to Ondo State Governor, Dr. Lucky Orimisan Aiyedatiwa, in Akure. The visit…
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Port Harcourt, other refineries may never work despite $18bn spent by NNPC, says Dangote
President of the Dangote Group, Aliko Dangote has revealed that he is sceptical that the Port Harcourt, Warri, and Kaduna refineries — owned by the Nigerian National Petroleum Company (NNPC) Limited — will work again. The group chief executive officer (GCEO) of the NNPC, Bayo Ojulari had said the company is considering the sale of the refineries, noting that the…
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FG making progress to eradicate hunger, malnutrition, says Bagudu
The Minister of Budget and Economic Planning, Senator Abubakar Bagudu, on Friday stated that the Federal government is making progress to eradicate hunger and malnutrition in the country. The minister who spoke during a high-level consultative meeting on the development of the national food and nutrition security crisis preparedness plan in Abuja, said the country had made significant progress in…
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