Economy
-
Nigeria, Brazil launch $1.1bn Green Imperative Project to improve agriculture
By Kunle Sanni Six years after its initial agreement, the Nigeria-Brazil $1.1 billion Green Imperative Project (GIP) has officially commenced, marking a significant step toward enhancing food security and boosting agricultural productivity in Nigeria. The commercial phase of the project was signed on Monday at the Presidential Villa, Abuja, with Vice President Kashim Shettima affirming that the initiative aligns with…
Read More » -
At 25.76%, Ekiti, Ogun with highest inflation rate in South West, says NBS
A report by the National Bureau of Statistics (NBS) on Monday disclosed that Ekiti and Ogun states with 25.76 per cent year-on-year (YoY) growth each in February 2025 have the highest inflation rate among other states in the South West region of Nigeria. The report by NBS disclosed that Nigeria’s inflation rate dropped to 23.18per cent in February 2025 from…
Read More » -
UPDATED: Nigeria’s inflation rate drops to 23.18% in February, says NBS
The National Bureau of Statistics (NBS) on Monday disclosed that based on the rebased Consumer Price Index (CPI), Nigeria’s headline inflation rate slowed by 130 basis points to 23.18per cent in February 2025 from 24.48 per cent recorded January: 2025. The CPI report by NBS stated that on a month-on-month basis, consumer prices fell to 2.04per cent in February 2025…
Read More » -
BREAKING: Nigeria’s inflation rate drops to 23.18% in February, says NBS
The National Bureau of Statistics (NBS) on Monday disclosed that based on the rebased Consumer Price Index (CPI), Nigeria’s headline inflation slowed by 130 basis points to 23.18per cent in February 2025 from 24.48 per cent recorded January: 2025. The CPI report by NBS stated that on a month-on-month basis, consumer prices fell to 2.04per cent in February 2025 from…
Read More » -
Reps recover $19.2m owed to FG by two oil firms
The house of representatives, through its public accounts committee (PAC), has recovered $19.2million or approximately N28.8 billion from two oil companies indebted to the federation government. The spokesperson of the house, Mr. Akin Rotimi in a statement on Sunday described the recovery as a major breakthrough in the ongoing efforts to recover outstanding revenues accruing to the federation account. Rotimi…
Read More » -
Nigeria seeks global investment to unlock energy potential – Edun
Nigeria is positioning itself as a key player in the global energy market as it seeks to harness its vast energy potential and expand access to electricity, according to the Minister of Finance and Coordinating Minister of the Economy, Wale Edun. Speaking at the Sustainable Energy for All (SEforALL) Forum in Bridgetown, Barbados, Edun called on global investors to partner…
Read More » -
Nigeria’s economic growth to hit 3.6% in 2025, says Afreximbank
Nigeria’s economy is expected to grow at a faster pace, with real Gross Domestic Product (GDP) projected to rise from three per cent in 2024 to 3.6per cent in 2025, according to new projections by Afreximbank Trade Intelligence Solutions. The country’s economic expansion will be supported by increasing fuel production at the Dangote Petroleum & Petrochemicals refinery, declining inflation, and…
Read More » -
Customs boss assures Gov. Bago of intervention on Niger’s agro programmes
The Comptroller-General of Customs (CGC), Adewale Adeniyi, has assured the Niger State Government of the Nigeria Customs Service’s (NCS) commitment to supporting agricultural development and strengthening border security. The CGC made this known recently when he received the Governor of Niger State, Umaru Bago, on a courtesy visit at the Customs Headquarters in Abuja. Welcoming the governor, CGC Adeniyi commended…
Read More » -
Bagudu calls for collaboration among arms of government to drive national development
Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has called for collaboration among all government arms and agencies to achieve the sustainable financial management required for national development. The minister spoke on Thursday in Abuja during a high-level interactive session on sustainable financial management and national development attended by members of the National Assembly and heads of government ministries,…
Read More » -
FG tasks MOFI to unlock Nigeria’s economic potential, facilitates growth across key sectors
The Federal Government has taken a significant step towards unlocking Nigeria’s economic potential by tasking the Ministry of Finance Incorporated (MOFI) to optimize the management of government assets. The Director, Information and Public Relations, Federal Ministry of Finance, Mohammed Manga in a statement stated that the strategic move aims to not only unlock value that benefits all Nigerians but also…
Read More »
Follow our WhatsApp Channel