Economy
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NEPC advocates structured operations in solid minerals sector for economic advancement
By Boye Oyeyemi – The federal government, through the Nigerian Export Promotion Council (NEPC), has called on stakeholders in the solid minerals sector to formalise their operations as part of efforts to advance national development. The Chief Executive Officer of NEPC, Mrs Nonye Ayeni, made the call at the Strategic Programme on the Formalisation of Solid Minerals for Export Competitiveness…
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ECOWAS to suspend air ticket taxes from January 2026 to reduce airfares
The Economic Community of West African States (ECOWAS) stated that it will abolish air ticket taxes across all airports in the subregion by January 1, 2026, in a major step aimed at reducing the notoriously high cost of air travel in West Africa. ECOWAS director of transport and communications, Chris Appiah disclosed the policy shift during an interview with journalists…
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FG unveils Presidential Power Sector Debt Reduction Programme
By Kunle Sanni – The federal government has announced the launch of the Presidential Power Sector Debt Reduction Programme, an intervention aimed at restoring liquidity in Nigeria’s electricity market and rebuilding investor confidence. The disclosure was made by the Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, through a post on her X handle. Verheijen explained that the…
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Petrol consumption in Nigeria drops to 52.9m litres daily in November 2025, reveals NMDPRA
Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has disclosed that Nigeria’s daily petrol consumption dipped to an average of 52.9 million litres per day in November 2025, reflecting a notable shift in national fuel demand patterns. The latest Fact Sheet released by the NMDPRA noted that the November figure marks a decline from the 56.74 million litres per day…
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Tinubu unveils new security, economic strategy, orders action on blue economy report
By Kunle Sanni – President Bola Tinubu has introduced a fresh national strategy targeting both security reform and economic expansion through Nigeria’s marine and blue economy sector. The President issued the directive on Wednesday during a Presidential Parley with participants of the Senior Executive Course 47 of the National Institute for Policy and Strategic Studies (NIPSS) at the Presidential Villa,…
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Economic reforms must translate to real welfare gains, Saraki tells FG
By Kunle Sanni – Former Senate President Bukola Saraki has urged the Federal Government to ensure that ongoing economic reforms translate into tangible improvements in the daily lives of Nigerians, warning that policy adjustments without visible gains in welfare cannot be sustained. Speaking on Tuesday at the launch of the Ignite Nigeria Economic Outlook 2026 in Abuja, themed “From Adjustment…
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Petrol consumption drops to 52.9m litres in November — NMDPRA
By Kunle Sanni – Nigeria’s downstream petroleum sector says petrol consumption fell from 56.7 million litres per day in October to 52.9 million litres per day in November 2025, marking a clear month-to-month decline in national fuel demand even as supply and stock levels recorded significant improvements. The latest State of the Downstream Sector Report, released alongside the NMDPRA’s State…
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Youth agripreneurship key to transforming Nigeria’s agri-food system, says Kyari
By Kunle Sanni – Minister of Agriculture and Food Security, Senator Abubakar Kyari, has reiterated that empowering young agripreneurs is essential to transforming the country’s agri-food systems, strengthening food security, and building a resilient agricultural economy. Speaking on Tuesday in Abuja at a high-level event on Scaling Up Youth Agripreneurship for Food Systems Transformation under the FGN/NDDC/IFAD LIFE-ND project, Kyari…
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Nigeria enters digital governance phase with Shippers’ Council ECMS launch
The Federal Government of Nigeria has disclosed that it has entered a new phase of digital governance with the launch of the Nigerian Shippers’ Council’s Enterprise Content Management System (ECMS), describing it as a model for modernising public administration across Ministries, Departments and Agencies (MDAs). Secretary to the Government of the Federation (SGF), Senator George Akume, unveiled the platform in…
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NNPC E&P achieves historic 355,000 bpd output, signalling Nigeria’s energy revival
NNPC E&P Limited (NEPL), the upstream subsidiary of NNPC Limited, has reached a record-breaking production of 355,000 barrels of oil per day (bpd), the highest daily output since 1989. The milestone, achieved on December 1, 2025, reflects a 52 per cent growth in average daily production, rising from 203,000 bpd in 2023 to 312,000 bpd in 2025. NEPL attributes this…
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