Economy
-
Nigeria launches N50bn sovereign green bond to mitigate climate change, others
The Nigerian government has launched a N50 billion sovereign green bond with the aim to accelerate climate action and sustainable development. The Minister of Environment, Malam Balarabe Abbas Lawal, in partnership with the Debt Management Office (DMO), recently convened a high-level Investors’ Forum in Lagos to galvanize support for the Federal Government’s third sovereign green bond issuance. The Director, Information, Federal…
Read More » -
FG backs $400m rare earth minerals investment in Nasarawa
The Federal Government has pledged full support for a $400 million foreign direct investment (FDI) by Hasetins Commodities Limited to establish Africa’s largest rare earth and critical minerals processing plant in Nasarawa State. The project is expected to create over 10,000 jobs and boost Nigeria’s mining sector. Minister of Solid Minerals Development, Dr. Dele Alake, made this known during a…
Read More » -
Tinubu pledges new course for West Africa economic integration
By Kunle Sanni – President Bola Tinubu has reaffirmed the commitment of West African leaders to reshape the region’s economic diplomacy and end the era of missed opportunities that have hindered growth and integration in the sub-region. Speaking through Vice President Kashim Shettima at a dinner for delegates at the inaugural West African Economic Summit in Abuja, Tinubu said key…
Read More » -
Nigeria to host 4th AU MSME Forum focused on financing, trade growth
By Kunle Sanni – Delegates from over 50 African countries are expected to converge in Abuja from Monday, June 23 to Friday, June 27, 2025, for the 4th African Union (AU) MSME Forum, to discuss challenges facing small businesses across the continent. According to a statement by Stanley Nkwocha, spokesperson to Vice President Kashim Shettima, the forum will focus on…
Read More » -
Nigeria’s Sovereign Green Bond oversubscribed by 183%, says DMO
The Debt Management Office (DMO) has announced the successful conclusion of its third Sovereign Green Bond issuance, which was oversubscribed by 183%, with total subscriptions reaching ₦91.42 billion. In a statement on Thursday, the DMO said the Offer, which closed on Wednesday, June 18, 2025, targeted ₦50 billion and represents the third green bond issuance by the office on behalf…
Read More » -
Tinubu committed to food security, revitalising MSMEs, says Bagudu
Minister of Budget and Economic Planning, Senator Abubakar Bagudu on Wednesday said President Bola Tinubuv is committed to supporting the vulnerable by ensuring food security and aiding the recovery of micro and small enterprises (MSMEs), as outlined in his government’s Renewed Hope Agenda. Bagudu spoke in Abuja during the stakeholders’ meeting concerning the Nigeria Community Action for Resilience and Economic…
Read More » -
FAAC shares N1.659trn to FG, states, LGs for May 2025
The Federation Account Allocation Committee (FAAC) has shared a total of N1.659 trillion to the federal, state, and local governments as revenue allocation for May 2025. The meeting, chaired by Minister of Finance and Coordinating Minister of the Economy, Wale Edun, followed a gross revenue inflow of N2.942 trillion. From the distributable sum, the Federal Government received N538.004 billion, States…
Read More » -
Nigeria to sign over 30 MoUs as 2nd Nigeria-Brazil dialogue begins Monday
By Kunle Sanni – The Federal Government is set to sign over 30 Memoranda of Understanding (MoUs) as Nigeria hosts the second session of the Nigeria-Brazil Strategic Dialogue Mechanism (SDM), beginning Monday. Key sectors expected to benefit from the agreements include agriculture, energy, defence, the creative economy, and innovation, in line with the Tinubu administration’s efforts to attract investment and…
Read More » -
Nigeria open for business, says Shettima at ICRC Summit
By Kunle Sanni – Vice President Kashim Shettima has assured the global investment community that Nigeria is open for business and ready to partner with credible investors to bridge the country’s massive infrastructure deficit through strategic Public-Private Partnerships (PPPs). Shettima made this declaration on Monday while declaring open the 2025 Nigeria PPP Summit at the State House, Abuja. The event,…
Read More » -
Edun, Cardoso strategize on policy synergy as inflation slows to 22.97%
By Kunle Sanni The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Monday met with the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, to deepen the alignment between fiscal and monetary policies as Nigeria’s inflation rate shows signs of easing. The meeting, held in Abuja, comes on the heels of the National Bureau…
Read More »
