Economy
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Edun: Tinubu’s FX policy, market-based pricing of PMS reforms saved Nigeria N930bn
The Finance Minister and Coordinating Minister of the Economy, Mr. Wale Edun has hinted that the economic reforms of the President Bola Tinubu have saved the country approximately N930 billion in previously lost revenue. Part of the reforms he mentioned include the market-based pricing of premium motor spirit (PMS) and adjustments to foreign exchange policies. The N930 billion represents about…
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China considers Nigeria’s currency swap expansion, approves Panda Bonds
By Kunle Sanni China has expressed readiness to consider Nigeria’s request to expand the bilateral currency swap agreement initially signed in 2018. The announcement came after a meeting between Chinese Foreign Minister Wang Yi and President Bola Tinubu at Aso Rock Villa, Abuja, on Thursday. The agreement, currently valued at CN¥15 billion (approximately ₦720 billion), aims to reduce dependence on…
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Kana assumes office, assures of Nigeria Air Carrier resuming operation soon
Upon assumption of duty, the Permanent Secretary of Federal Ministry of Aviation and Aerospace Development, Dr Ibrahim Abubakar Kana has promised Nigerian that a national Air Carrier will soon be birthed. He also promised the revamp of airports across the country. Abubakar Kana made this known at the Ministry’s headquarters in Abuja during the handing over ceremony organized by the…
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NACCIMA urges FG to offload financial assets to capital market
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has called on the Federal Government to offload its financial assets to the capital market, stressing that 2025 expenditure framework is skewed towards huge capital transfers to certain sectors that will not add value to the national wealth. The National President, NACCIMA, Dele Oye in a signed statement…
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Lagos, five other South West states Govs. sign N6.25trn 2025 budget into law
The governor of Lagos and five other South Western states in Nigeria have signed a total of N6.25trillion 2025 budget into law, according to an independent investigation by WESTERN POST. The other states are: Osun, Oyo, Ekiti, Ondo, and Ogun. The N6.24 trillion signed 2025 budget by these States is about 13 per cent proportion when compared to Federal Government’s…
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LCCI, NICA hail Tinubu’s new year message, back National Credit Guarantee Company
Lagos Chamber of Commerce and Industry (LCCI), and National Institute of Credit Administration (NICA), have lauded President Bola Tinubu’s 2025 speech, stressing that it has a critical themes relevant to the nation’s growth. The both, however, in separate messages are in support of the President Tinubu-led administration to establish the National Credit Guarantee Company (NCGC) by the end of the…
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NNPCL responds to Obasanjo, invites ex-president to tour PH, Warri refineries
The Nigerian National Petroleum Company Limited (NNPCL) has extended an invitation to former President Olusegun Obasanjo for a tour of the Port Harcourt and Warri refineries to verify its operational status. NNPCL responding to Obasanjo’s recent interview with Channels Television, where he cited advice from Shell Petroleum Development Company (SPDC) suggesting the refinery would not function effectively. Obasanjo stated that…
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Finance Ministry inaugurates ACTU committee to promote transparency, accountability in public service
The Federal Ministry of Finance has taken a significant step towards promoting transparency and accountability in the public service with the inauguration of the Anti-Corruption and Transparency Unit (ACTU) Committee. The Director, Information and Public Relations, Federal Ministry of Finance, Mohammed Manga in a statement quoted the Permanent Secretary, Federal Ministry of Finance, Mrs Lydia Shehu Jafiya, as expressing that…
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Finance Ministry prioritizes workplace safety for improved productivity
In its avowed determination to improve service delivery to Nigerians, the Federal Ministry of Finance has hosted a one-day sensitization programme on workplace safety and health for improved productivity, demonstrating its commitment to creating a safe and healthy work environment for its staff. Director, Information and Public Relations, Finance Ministry, Mohammed Manga in a statement said the programme, attended by…
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