Economy
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Group, states partner to bridge teacher, health worker gaps
The World Bank-supported HOPE Governance Programme, under the Ministry of Budget and Economic Planning, says it is collaborating with state governments to tackle critical staffing shortages in basic education and primary health care. The initiative focuses on improving both recruitment and equitable deployment of personnel, particularly to underserved and hard-to-reach communities where gaps in service delivery remain significant. National Coordinator…
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RMAFC calls for end to bottlenecks in Nigeria’s investment processes
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has called for urgent reforms to streamline investment processes and eliminate bureaucratic bottlenecks to enhance Nigeria’s appeal to both local and foreign investors. The call was made during a courtesy visit by a delegation led by the chairman of the commission’s investment monitoring committee, Hon. Enefe Ekene, to the minister of industry,…
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NNPC, Chinese firms sign MoU to revive, expand Warri and Port Harcourt refineries
The Nigerian National Petroleum Company Limited (NNPC Ltd) has signed a Memorandum of Understanding (MoU) with two Chinese firms—Sanjiang Chemical Company Limited and Xinganchen (Fuzhou) Industrial Park Operation and Management Co. Ltd—to advance plans for the restart and expansion of Nigeria’s Warri and Port Harcourt refineries. According to a statement by Andy Odeh, NNPC Chief Corporate Communications Officer on Monday,…
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Dangote Group strengthens place as top employer in new expansion drive
The Dangote Group says its aggressive expansion across Nigeria and other parts of Africa is increasingly positioning the conglomerate as a major driver of employment and industrial growth on the continent. The company made this known in a statement issued by its corporate affairs unit and shared with journalists in Lokoja, where it outlined how ongoing investments are reshaping its…
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NITDA reaffirms policy as key driver of Nigeria’s digital future
The Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has emphasised the critical role of policy in driving Nigeria’s digital transformation agenda. Speaking during a panel session at the IoT West Africa Conference themed “The Lagos-Abuja Digital Corridor: Building Africa’s Next Data Centre and Cloud Hub,” Inuwa represented by Dr Aristotle Onumo, Director of Stakeholders Management and…
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Nigeria’s economy on a recovery path after years of stagnation, says experts
A group of experts at Quartus Economics in a report have expressed that Nigeria’s economy is on a recovery path after years of stagnation, with strong gains in output and per capita income recorded over the past two years. The report by Quartus Economics titled, “Nigeria is rising,” cited significant improvements in key macroeconomic indicators and relative performance against regional…
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Market capitalisation gains N26.8trn in April 2026
The Nigerian Exchange posted a historic N26.8 trillion gain in market capitalization within one month, buoyed by signs of returning foreign portfolio inflows and strong domestic participation. Capital market analysts attributed the April performance, the highest monthly gain in the history of the Exchange to improved naira stability, recapitalization clarity in banking, and extended trading hours have deepened liquidity, setting…
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China begins zero-tariff imports for Nigeria, 52 African countries
China has begun implementing a zero-tariff policy on imports from Nigeria and 52 other African countries with which it maintains diplomatic relations, a move aimed at strengthening trade ties between the Asian nation and Africa. The policy, which took effect on Friday, is expected to remain in place until April 30, 2028, and is designed to expand market access for…
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FEC approves over N7 trillion road, bridge projects across Nigeria
The Federal Executive Council (FEC) has approved infrastructure contracts worth more than N7 trillion, covering 10 major road and bridge projects across all six geopolitical zones of the country. Minister of Works, Dave Umahi, announced the approvals on Thursday while briefing State House correspondents after the FEC meeting chaired by President Bola Tinubu at the Presidential Villa, Abuja. Umahi described…
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FEC resolves MM2 dispute, approves aircraft leasing company
The Federal Executive Council (FEC) has approved the resolution of the long-standing concession dispute over the Murtala Muhammed Airport Terminal Two (MM2) in Lagos, alongside plans to establish a Nigerian aircraft leasing company to support domestic airlines. Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed the decisions on Thursday while briefing State House correspondents after the FEC meeting chaired…
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