Economy
-
Nigeria’s creative economy needs more than talent to thrive — Experts
Stakeholders in Nigeria’s creative industry have called for stronger infrastructure, funding, intellectual property protection and effective policies, saying talent alone cannot drive the sector to its full economic potential. They made the call on Tuesday at the second edition of the QEDNG Creative Powerhouse Summit held at the Radisson Blu Hotel, Ikeja GRA, Lagos. The summit, organised by Mighty Media…
Read More » -
EXPLAINER: Is the ECO going to replace the naira in 2027?
Again, the Eco-Naira debate is making rounds on the internet, with claims that Nigeria will abandon the naira for the proposed regional currency in 2027. The renewed discussion follows ECOWAS’ reaffirmation of its plan to launch the ECO in 2027, but the announcement does not mean that the naira is automatically scheduled to disappear or that Nigerians should expect an…
Read More » -
DMO to auction N425bn FGN bonds
The Debt Management Office (DMO) has offered N425 billion worth of Federal Government of Nigeria (FGN) bonds for subscription through auction. In a circular on Thursday, the debt office said the offering, comprising three re-openings, are scheduled for August 17, while settlement is expected on August 19. The offer comprises N250 billion of the 22.60 percent FGN January 2035 bond,…
Read More » -
Nigeria-India trade rises to $9bn as pharma investment hits $4bn
Nigeria’s economic partnership with India is expanding, with bilateral trade between both countries rising to about $9 billion in the 2025-26 financial year, up from $7.13 billion recorded the previous year. The Indian High Commissioner to Nigeria, Abishek Singh, disclosed this on Wednesday in Abuja at a media briefing, attributing the increase to stronger commercial and strategic ties between the…
Read More » -
NASENI, Gambia explore partnership on technology commercialisation
The National Agency for Science and Engineering Infrastructure (NASENI) and the Government of The Gambia have agreed to develop a comprehensive Memorandum of Understanding (MoU) to strengthen cooperation in technology development, technical and vocational education and training (TVET), research, innovation, skills development and technology commercialisation. The development followed a high-level experiential learning visit by the Gambian Minister of Higher Education,…
Read More » -
Nigeria’s crude oil output holds above 1.5mbpd for third consecutive month, says OPEC
The Organization of the Petroleum Exporting Countries (OPEC) has revealed that Nigeria’s crude oil production remained above 1.5 million barrels per day (bpd) for the third consecutive month in July 2026 despite a decline from the previous month. OPEC in its latest Monthly Oil Market Report revealed that Nigeria’s crude oil output fell to 1.505 million bpd in July from…
Read More » -
Nigerian equities market drops by N1.76trn on surge profit- taking in BUA Foods
The equities market section of the Nigerian Exchange Limited (NGX) on Wednesday depreciated by N1.76 trillion over investors profit taking in BUA Foods Plc and 27 others. As BUA Foods dropped by 10 per cent or N84.50 to close at N760.60 from N845.10, the market capitalisation dipped by N1.76trillion or 1.1 to N157.494 trillion from N159.255 trillion it opened for…
Read More » -
Creative sector contributes 2.3% to GDP, targets 2million jobs by 2030 — Musawa
The Minister of Art, Culture, Tourism and Creative Economy, Hannatu Musa Musawa, has said Nigeria’s creative sector currently contributes about 2.3 per cent to the country’s Gross Domestic Product (GDP), with the Federal Government targeting 2 million jobs from the sector by 2030. Musawa disclosed this on Tuesday when the Director-General of the National Institute for Policy and Strategic Studies…
Read More » -
Tinubu: I want jobs from offshore projects to come Nigeria
President Bola Tinubu says he wants the jobs and business opportunities created by Nigeria’s deep offshore oil and gas projects to remain in the country. Tinubu said this in a post on his X account on Tuesday, reacting to his signing of the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026. “I want the work that comes…
Read More » -
Tinubu approves framework to unlock $50bn deep offshore investment
President Bola Tinubu has approved a new investment framework aimed at unlocking up to $50 billion in deep offshore oil and gas investments and reviving major projects that have remained stalled for years. Bayo Onanuga, Special Adviser to the President on Information and Strategy, disclosed this in a statement issued on Tuesday. The framework replaces project-by-project negotiations with transparent eligibility…
Read More »
Follow our WhatsApp Channel