Economy
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Tinubu holds investment talks in Kigali as APM signals $600m Nigeria expansion
President Bola Tinubu on Thursday held a series of strategic bilateral meetings at the Africa CEO Forum in Kigali, Rwanda, aimed at attracting fresh investments into Nigeria’s economy, with global ports operator APM Terminals indicating interest in investing an additional $600 million in the country. The disclosure was made by the Special Adviser to the President on Media and Public…
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Lagos MSMEs receive over N1.9bn in loans, grants, says commissioner
By Adeola Ogunrinde Lagos State Government has disbursed N1.933 billion in loans and grants to micro, small and medium enterprises across the state as part of efforts to stimulate economic growth, reduce unemployment and strengthen entrepreneurship. The Commissioner for Wealth Creation and Employment, Akinyemi Bankole Ajigbotafe, disclosed this on Thursday during the 2026 Ministerial Press Briefing held at the Bagauda…
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Nigeria, Germany conclude bilateral cooperation framework, sign agreement on Thursday
Nigeria and Germany have concluded negotiations on the renewed framework for bilateral cooperation, paving the way for the signing of the agreement in Abuja on Thursday. The framework, negotiated on behalf of Nigeria by senior officials from more than six ministries and MDAs, led by the Federal Ministry of Budget and Economic Planning, and by Germany’s Embassy in Nigeria and…
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Nigeria’s 23 billion-dollar companies now expanding in 22 African countries, says minister
The federal government has revealed that 23 Nigerian companies now generate more than $1 billion in annual revenue and are rapidly expanding their presence across Africa, with operations reaching at least 22 countries. Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, disclosed this on Wednesday in Kigali, Rwanda, during President Bola Tinubu’s visit for the Africa CEO Forum. According…
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Kwara set to attract $150m into economy through local milk production
By Mosunmola Ayobami, Ilorin The Kwara State Government has intensified efforts to expand dairy production as Nigeria continues to spend more than $1.5 billion annually on milk imports. The Commissioner for Livestock Development, Mrs Oloruntoyosi Thomas, disclosed this on Wednesday during the 2026 Press Week organised by the Correspondents’ Chapel of the Nigeria Union of Journalists, Kwara State Council. Thomas…
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NUC secures $65m World Bank funding to upgrade universities, train 24,000 Nigerians
The National Universities Commission has secured an additional $65 million funding package from the World Bank under the Sustainable Procurement, Environmental and Social Standards Enhancement Project (SPESSE), aimed at strengthening professional capacity and governance standards across Nigerian universities. The agreement was signed on Wednesday at the NUC headquarters in Abuja in the presence of representatives from participating universities, the World…
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DMO announces N600bn FGN bond auction for May 2026
The Debt Management Office (DMO), on behalf of the Federal Government, has announced a fresh N600 billion Federal Government of Nigeria (FGN) bond auction for May 2026. The bond offer forms part of the government’s broader strategy to finance fiscal obligations, deepen the domestic capital market, and attract institutional investors amid sustained demand for fixed-income securities. According to the offer…
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Data to drive intelligent investing decisions in Nigeria, says Agama
The Director-General of the Securities and Exchange Commission, Emomotimi Agama, has said Nigeria’s capital market is positioning data, artificial intelligence and technology-driven regulation at the centre of investment decision-making to attract both domestic and foreign capital. Speaking at the FSDH Investor Conference 2026 in Lagos, Agama said the future of investing would be defined by the quality of intelligence and…
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Tinubu arrives in Kigali ahead of Africa CEO Forum summit
President Bola Tinubu has arrived in Kigali ahead of the 2026 Africa CEO Forum, where African business and political leaders are set to discuss strategies for accelerating economic growth across the continent. Tinubu touched down in Kigali at about 1:58 p.m. on Wednesday and was received by officials before proceeding to the Urugwiro Presidential Village, where he was welcomed by…
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NBET Finance Company lists N501.02bn fixed rate bonds on FMDQ Exchange
FMDQ Securities Exchange Limited has announced the approval and listing of NBET Finance Company Plc N300.00 billion 7-Year 17.50% Series 1 Tranche A Fixed Rate Bond and N201.02 billion 7-Year 17.50% Series 1 Tranche B Fixed Rate Bond under its N4.00 trillion Multi-Instrument Issuance Programme on its platform. With an aggregate issuance size of N501.02 billion, this landmark transaction ranks…
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