Economy
-
Bagudu tasks ministerial aides on effective policy implementation
The Minister of Budget and Economic Planning, Abubakar Bagudu, has called on special advisers and technical assistants to ministers to strengthen their support for effective public policy formulation and implementation. Bagudu made the appeal on Monday in Abuja at the opening of a capacity-building workshop organised by the Ministerial Aides Network in collaboration with Konrad Adenauer Stiftung. He emphasised that…
Read More » -
FG defends Executive Order 9, says It upholds constitutional revenue provisions
The federal government has defended Executive Order 9 (EO9), insisting that the directive does not amount to the President making new laws but rather enforces existing constitutional provisions on the management of Federation revenues. In a statement issued on Monday, the Director-General of the Budget Office of the Federation and Secretary of the Implementation Committee on Executive Order 9, Tanimu…
Read More » -
NITDA DG urges stronger state alignment to drive Nigeria’s digital economy
The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has stressed the need for stronger collaboration with state governments, saying sub-national alignment is vital to achieving Nigeria’s digital economy goals. He made the call while speaking virtually at the South-South Regional ICT Stakeholders Forum, where policymakers, tech leaders and civil society groups discussed strategies to accelerate…
Read More » -
FG’s borrowing must be directed toward productive, rather than recurrent consumption, says stakeholders
A group of stakeholders have expressed that debt sustainability is a central fiscal objective, stressing that borrowing must be directed toward productive, growth-enhancing investment rather than recurrent consumption. They also expressed that the current Central Bank of Nigeria (CBN) Monetary Policy Rate (MPR) of 27 per cent is misaligned with prevailing market realities. They were speaking at the just…
Read More » -
PENGASSAN pushes for 51% sale of state-owned refineries
The Petroleum and Natural Gas Senior Staff Association of Nigeria has renewed its call for the Federal Government to divest majority shares in the nation’s state-owned refineries, recommending a structure similar to the Nigeria LNG model where government retains a minority stake while core investors hold controlling equity. The National President of PENGASSAN and the Trade Union Congress, Festus Osifo,…
Read More » -
Nigeria wins $6.2m arbitration case against European tech girm
Nigeria has secured a major victory in an international arbitration dispute with European technology contractor European Dynamics UK Ltd, avoiding potential liabilities estimated at $6.2 million. The arbitration tribunal dismissed all claims brought against the Bureau of Public Procurement (BPP) in connection with a national electronic Government Procurement (eGP) project, in proceedings approved and backed by the Attorney General of…
Read More » -
Analysts predict 26.50% interest rate as CBN holds first MPC meeting in 2026
A group of analysts at Cordros Research have predicted a cut in interest rate to 26.50 per cent from 27 per cent as the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) holds its first meeting in 2026. The Committee of the CBN is scheduled to hold its first meeting of the year on February 23–24…
Read More » -
Capital market contribution to GDP hits 33%, says Agama
The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has disclosed that the capital market’s contribution to the nation’s Gross Domestic Product (GDP) has increased significantly from 13 per cent to 33 per cent within the same period, underscoring the sector’s expanding role in economic development. He noted that the growth is on the backdrop of a…
Read More » -
President Tinubu deserves credit for reforming Petroleum Industry Act — Adio
Waziri Adio, founder and executive director of Abuja-based public policy think tank, Agora Policy, has commended Bola Tinubu for taking steps to address perceived shortcomings in the Petroleum Industry Act (PIA), while calling for further reforms to strengthen the law. Tinubu recently signed an executive order directing the direct remittance of oil and gas revenues to the federation account. The…
Read More » -
NNPC, Dangote Group forge alliance to accelerate Nigeria’s energy security, prosperity
The Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, today led a delegation of the company’s management to the Dangote Refinery and Petrochemical Complex in Ibeju-Lekki, Lagos State, for high-level discussions that culminated in a renewed commitment to strategic collaboration between the two companies. The visit, which included a facility tour, focused on strengthening operational and commercial…
Read More »
Follow our WhatsApp Channel