Economy
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Africa must align infrastructure, policy and capital to achieve energy security – Ojulari
The Group Chief Executive Officer of NNPC Ltd, Engr. Bashir Bayo Ojulari, has identified shared infrastructure, policy alignment, coordinated investment frameworks, cross-border knowledge and technology exchange, integrated gas market development, and sustained regional diplomacy among National Oil Companies (NOCs) as key pillars for securing Africa’s energy future. Ojulari disclosed this during a fireside chat with Mr. Andy Brown, Deputy Chair…
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FG launches Nigeria-Ericsson skill acquisition programme to boost digital jobs
The Federal Government has launched a new Nigeria-Ericsson skill acquisition programme aimed at empowering young Nigerians and scaling up digital and technology-driven job creation across the country. The initiative, tagged Connect NextGen Innovation Hackathon, is a four-month programme designed to equip youths, startups, university students, policymakers and public sector decision-makers with cutting-edge digital skills in 5G, artificial intelligence (AI), cloud…
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Sales of state-owned assets not to fund 2026 budget deficit, says Bagudu
The Minister of Economic Planning and Budget, Senator Abubakar Bagudu on Wednesday said the Federal Government sales of state-owned assets not meant to fund part of over N25 trillion 2026 budget deficit He,however, stressed that the deficit can benefit from the initiative currently considered by President Bola Tinubu’s led administration. Speaking on AriseTV, the Minister noted that the sale of …
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FG plans to sale state-owned assets in 2026, says Wale Edun
Minister of finance and the coordinating minister of the economy, Mr. Wale Edun has revealed the Federal Government plans to start selling state-owned assets to private investors in 2026. According to Bloomberg, Edun spoke on Monday during an interview on the sidelines of the AlUla conference for emerging market economies in Saudi Arabia. He said the government is currently working…
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CBN directs banks to sell $150,000 to licensed BDC operators weekly
The Central Bank of Nigeria (CBN) has permitted licensed bureau de change (BDC) operators to access about $150,000 foreign exchange from the Nigerian Foreign Exchange Market (NFEM) through authorised dealer banks. A circular signed by director of the trade and exchange department, CBN, Musa Narkoji, and addressed to all authorised dealer banks and the general public, stated that all BDCs…
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PEBEC DG calls for policy continuity to achieve Tinubu’s $1tn economy vision
The Director-General of the Presidential Enabling Business Environment Council (PEBEC), Zahrah Audu, has urged subnational governments to prioritise policy continuity and long-term institutional credibility as a cornerstone of President Bola Tinubu’s $1 trillion economy ambition. Speaking on Tuesday at the National Economic Council (NEC) meeting where she served as a panelist, Audu stressed that sustainable economic transformation cannot be achieved…
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FG, Ericsson to launch connect NextGen innovation hackathon
The federal government, in partnership with global telecommunications company Ericsson, is set to launch the Connect NextGen Innovation Hackathon aimed at equipping Nigerian youths with modern digital skills. The four-month programme, overseen by the Office of the Vice President, will be officially launched on Wednesday, February 11, 2026, at the Presidential Villa, Abuja. The hackathon is part of the implementation…
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Bagudu praises Tinubu for enhancing Nigeria’s federalism
The Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has praised President Bola Tinubu for strengthening the nation’s federal system, stating that his economic reforms have increased funds for the subnational governments to provide more amenities for their constituents. “President Tinubu has strengthened our federalism,” the minister told participants at the National Economic Council Conference, which concluded in Abuja…
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NRS targets N40.71trn revenue for 2026
The Nigeria Revenue Service (NRS) on Tuesday revealed N40.71trillion revenue target for 2026 after it broke its record revenue collection performance of N28.34 trillion as against the N25.2 trillion target for the year 2025. This was disclosed on behalf of the NRS executive chairman, Zacch Adedeji, by the Executive Director, Government and Large Taxpayers Group, Ms Amina Ado Kurawa, at…
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Ooni of Ife, Oba Ogunwusi leads business delegation to South Africa Mining Indaba
The Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Ojaja II, has arrived in Cape Town, South Africa, to lead a high-level Nigerian delegation to the 2026 Investing in African Mining Indaba Conference. The monarch, who is the Permanent Chairman of the Southern Nigeria Traditional Rulers Council (SNTRC), is attending the conference, which is regarded as one of Africa’s most influential…
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