Economy
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Nigeria, Emirates Airlines sign deal to promote inbound tourism
The Federal Ministry of Art, Culture, Tourism and the Creative Economy has signed a Memorandum of Understanding (MoU) with Emirates Airlines to promote inbound tourism to Nigeria. The agreement was formalized during the 2025 Arabian Travel Market in Dubai. The partnership will leverage Emirates’ global network of over 140 destinations to spotlight Nigeria’s cultural heritage, natural attractions, and vibrant cities…
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Chapel Hill Denham is ‘Nigeria’s Goldman Sachs’ — Edun
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, on Monday joined industry stakeholders in celebrating the 20th anniversary of Chapel Hill Denham, one of the country’s foremost investment banking firms. Speaking at the commemorative event held in Lagos, Edun praised the firm’s transformative impact on Nigeria’s financial sector over the last two decades, calling Chapel…
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Wale Edun tasks NCS to drive revenue amid meeting FG’s economic demands
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has tasked the Nigeria Customs Service (NCS) to scale up in its revenue growth amid meeting the country’s economic demands. He stated this during the 62nd regular meeting of the NCS Board was held on Tuesday, at the Service’s Headquarters in Maitama, Abuja. Edun led a high-powered delegation…
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‘Nigeria is ready for business’ — Shettima as European Bank sets up Lagos office
By Kunle Sanni The European Bank for Reconstruction and Development (EBRD) is opening its first West African office in Lagos, signaling a deepening of Nigeria’s global economic ties. This move comes two months after Nigeria became the bank’s 77th shareholder, marking EBRD’s expansion into sub-Saharan Africa. The announcement was made during a meeting between Vice President Kashim Shettima and the…
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FG laying groundwork for mining innovation — Alake
…hails establishment of Africa’s first Gemology Dept The Minister of Solid Minerals Development, Dr. Dele Alake, has pledged full support for the newly established Department of Gemology and Gemstones at Yakubu Gowon University, Abuja, describing it as a groundbreaking initiative that aligns with Nigeria’s vision for capacity building in the mining sector. During a courtesy visit from a delegation led…
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Shettima pushes human capital drive at World Bank/IMF meetings
By Kunle Sanni Vice President Kashim Shettima has reiterated Nigeria’s call for stronger international partnerships to advance the country’s Human Capital Development 2.0 (HCD 2.0) agenda. In a statement on Saturday by his spokesperson, Stanley Nkwocha, Shettima emphasized the need for evidence-based policies and sustained political will. Speaking virtually at a high-level roundtable during the 2025 World Bank/IMF Spring Meetings,…
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Musawa moves to promote local tourism, visits Ikogosi warm spring
The Minister of Art, Culture, Tourism, and Creative Economy, Hannatu Musawa, has praised the management of Ikogosi Warm Springs Resort and Conference Center in Ekiti State, describing it as a “remarkable wonder of nature” and a testament to Nigeria’s tourism potential. During a visit hosted by Cavista Holdings, current managers of the resort through its subsidiary Glocient Hospitality, Musawa commended…
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FG bans importation of oil pipelines to boost local manufacturing
The Federal Government of Nigeria has announced a ban on the importation of oil pipelines in a move aimed at encouraging domestic manufacturing and strengthening the country’s oil and gas sector. Minister of Petroleum Resources (Oil), Heineken Lokpobiri, disclosed this on Friday while inaugurating a new pipeline coating facility built by Monarch Alloys in Ikorodu, Lagos State. He stressed the…
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FG working with World Bank to digitally empower Nigerian youths, drive job creation, says Wale Edun
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has affirmed that President Bola Tinubu’s administration is working closely with the World Bank to advance a shared agenda focused on creating high-quality jobs for young Nigerians. The Minister disclosed this in a statement by Director, Information and Public Relations, federal ministry of finance, Mr. Mohammed Manga.…
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FG unveils new agribusiness plan to curb food inflation
By Kunle Sanni The federal government is set to launch a National Agribusiness Policy Mechanism (NAPM) to boost agricultural productivity, stabilise food prices, and address rising food inflation. Vice President Kashim Shettima announced the initiative on Friday during a meeting of the Presidential Food Systems Coordinating Unit (PFSCU) Steering Committee at the Presidential Villa, Abuja. He described it as a…
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