Economy
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AfCFTA: Customs facilitates first shipment from Nigeria to Kenya
The Nigeria Customs Service (NCS) has facilitated Nigeria’s first shipment to Kenya, with Lucky Fibres, a subsidiary of the Tolaram Group, becoming one of the first companies to ship goods to Kenya under the African Continental Free Trade Area Agreement (AfCFTA). During a visit to the Apapa Area Command recently to ensure proper documentation and verification of the shipment, Olusegun…
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How I would have handled subsidy removal, forex – Atiku
Ex-Vice President Atiku Abubakar said, he would have taken a gradualist approach in implementing the subsidy reforms, if he were at the helm of affairs. According to him, an abrupt and total elimination of subsidies would not have occurred under his watch as president. In a press statement titled ” What We Would Have Done Differently”, personally signed by him,…
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Oyo to establish business district in Ibadan
The Oyo State Government has concluded plans to establish a business district in Ibadan, to make way for a commercial corridor that would be a beehive of economic activities. The Commissioner for Lands, Housing and Urban Development, Mr Williams A. Funmilayo disclosed this in Akinyele during a sensitization meeting with relevant stakeholders. According to him, the project will be situated…
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VP Shettima unveils HCD 2.0 strategy to boost Nigeria’s Human Capital Index
…inaugurates national council to address climate disasters By Kunle Sanni Vice President Kashim Shettima has reaffirmed the federal government’s commitment to elevating Nigeria’s global standing on the Human Capital Index (HCI), aiming to position the country among the top 80 nations by focusing on health, education, and workforce development. Speaking at the inauguration of the Human Capital Development (HCD) 2.0…
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25 million Nigerians received ₦25,000 in conditional cash transfers — FG
By Kunle Sanni The Federal Government announced on Thursday that 25 million Nigerians have benefited from its ₦25,000 conditional cash transfer program. Speaking after the National Economic Council (NEC) meeting, chaired by Vice President Kashim Shettima, Minister of Finance and Coordinating Minister of the Economy, Wale Edun, highlighted President Bola Tinubu’s ongoing efforts to alleviate hardships caused by subsidy removal…
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Economic ties with France, China, Denmark, will benefit Nigeria — Tinubu
By Kunle Sanni President Bola Tinubu, speaking in Abuja on Thursday, emphasized that the long-standing relationships between Nigeria and the Republic of France, the People’s Republic of China, and the Kingdom of Denmark should yield tangible economic benefits for Nigerians, particularly in education, health, and infrastructure. The President shared his vision for expanding economic diplomacy during a ceremony at the…
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Nigeria’s equities market gains N18.25trn in 10 months amid Tinubu’s reforms
The Nigerian equities market appreciated by N18.25 trillion in 10 months of 2024 amid foreign exchange market, among other reforms undertook by President Bola Tinubu led-administration. WESTERNPOST gathered that the equities market of the Nigerian Exchange Limited (NGX) that opened 2024 at N40.918 trillion, gained N18.25 trillion to close October 31, 2024 at N59.171 trillion. Since assuming office in May…
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FX reforms, subsidy removal to unlock Nigeria’s economy vast potential, says IMF
The International Monetary Fund (IMF) said its advice on foreign exchange (FX) rate and subsidy removal aimed at unlocking Nigeria’s economy vast potential and necessary for macroeconomic stability. The Washington-based institution reiterated its stance on its policy recommendations to Nigeria in an email to Premium Times on Wednesday. Director of the African department at the IMF, Abebe Selassie had applauded…
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Nigeria boosts cybersecurity as FG hosts landmark workshop to protect critical infrastructure
The Federal Government has taken a significant step in strengthening the country’s cybersecurity defences by hosting a Critical National Information Infrastructure (CNII) Protection and Resilience Workshop. Director, Information and Public Relations, Federal Ministry of Finance, Mr. Mohammed Manga in a statement stated that the landmark event, held at the Office of the National Security Adviser (ONSA) in Abuja, brings together…
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We’re working hard to restore power in Northern Nigeria- TCN
The Transmission Company of Nigeria (TCN) on Sunday said it is doing everything possible to restore power in Northern Nigeria. TCN in a statement by its spokesman, Ndidi Mbah, said it is working with the Office of the National Security Adviser to repair the vandalised Shiroro-Kaduna line that led to reduction of bulk electricity to Kaduna, Kano and other major…
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