Economy
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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…
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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,…
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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…
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Oluremi Tinubu commends Finance Minister for stabilizing economy
…prepares to host African First Ladies at AFREXIM Bank AGM By Kunle Sanni First Lady Oluremi Tinubu has praised the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, and his team for their efforts in stabilizing the nation’s economy. She gave the commendation during a courtesy visit by the minister and officials of the Finance Ministry to…
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AfDB, ECOWAS sign $11.18m agreement to boost rice production
African Development Bank (AfDB) and Economic Community of West African States (ECOWAS) have signed an agreement worth $11.18 million to enhance rice production across the region. ECOWAS made the announcement in a video posted on its social media platforms on Tuesday. Speaking after the signing ceremony in Abuja, Omar Touray, president of the ECOWAS commission, highlighted the significance of the…
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Nigeria’s passenger car imports drop by 14.3% in 2024, says NBS
The latest foreign trade report from the National Bureau of Statistics (NBS) showed that the total value of passenger car imports fell by 14.3 per cent to N1.26 trillion in 2024, down from N1.47 trillion in 2023. The decline followed a surge in imports the previous year when vehicle importation more than doubled compared to 2022. However, harsh economic realities…
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Naira-for-crude policy remains in place, says chairman, Technical sub-committee
Chairman, Technical Sub-Committee, Zacch Adedeji, on Monday expressed that Naira-for-crude policy remains in place, stressing that local refineries have not been excluded from domestic crude supply. READ ALSO:Naira-for-crude was structured as a six-month agreement with private refineries, NNPCL clarifies Recall that it was in the news that NNPCL has suspended the naira-for-crude oil swap deal with domestic refiners, including Dangote…
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KPMG budget summit: FG projects GDP growth of 4.6% for 2025, Wale Edun insists
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun on Monday reiterated that the Federal Government is projecting a Gross Domestic Product (GDP) growth of 4.6 per cent for 2025 with a long-term ambition of seven per cent annually, a crucial target for poverty reduction and sustainable development. The Minister, who unveiled a comprehensive economic plan…
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Boosting maritime growth: Wale Edun, NIMASA push for CVFF deployment
The minister of finance and coordinating minister of the economy, Mr. Wale Edun met with Nigerian Maritime Administration and Safety Agency (NIMASA), DG Dr. Dayo Mobereola, to fast-track the deployment of the Cabotage Vessel Financing Fund. A tweet on X stated that the meeting is a crucial step toward supporting the growth of indigenous shipping companies. With a sharp focus…
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Unpaid royalty: 45 Oil & gas companies owe FG N2.5trn, says report
A total of 45 Oil & Gas companies are owing the Federal Government N2.5 trillion or $1.7 billion unpaid royalty payments as of December 31, 2024. The firms were indicted in the 2021 report of the Office of the Auditor-General of the Federation (AG-F) as failing to pay royalties to the government, House spokesman Akintunde Rotimi said in a statement…
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