Economy
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FG urges indigenous companies to take advantage of Nigeria First Policy
By Kunle Sanni – The Federal Government has urged indigenous companies to maximise the opportunities presented by the Nigeria First Policy, a strategic initiative aimed at promoting local content, stimulating economic growth, and strengthening domestic industries. The Secretary to the Government of the Federation (SGF), Senator George Akume, made the call when the Managing Director and Founder of Solewant Group,…
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FG, States, LGCs share N2.094trn in October 2025, says FAAC
The Federation Account Allocation Committee (FAAC), at its November 2025 meeting chaired by the Accountant General of the Federation, Shamsudeen Ogunjimi shared a total sum of N2.094 trillion to the three tiers of government as Federation Allocation for the month of October 2025 from a gross total of N2.934 trillion. This is disiclosed by a statement issued by Director, Information…
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Nigeria reports major progress in tobacco control, announces $110m fine against BATN
By Kunle Sanni – The federal government of Nigeria has reported significant advances in its tobacco-control efforts, presenting new national data and enforcement actions at the Eleventh Session of the Conference of Parties (COP11) to the WHO Framework Convention on Tobacco Control (WHO FCTC) on Monday. Delivering Nigeria’s statement at the global meeting in Geneva, the Minister of State for…
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DMO offers N460bn in reopened FGN Bonds in fresh November 2025 auction
The Debt Management Office (DMO) has announced a fresh offer for subscription by auction, presenting two re-openings of existing Federal Government Bonds valued at a combined N460 billion. The auction, scheduled for November 24, 2025, reflects ongoing government efforts to strengthen domestic borrowing, enhance market liquidity, and support budgetary financing through long-term, low-risk instruments. According to the official offer circular…
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Nigeria rallies African nations on sustainable gold, gemstone development
By Kunle Sanni – Minister of Solid Minerals Development and Chairman of the Africa Minerals Strategy Group, Dr Dele Alake, says African countries are taking decisive steps to deepen value addition, regional cooperation, and sustainable growth across the continent’s gemstones and gold value chain. Alake made the remarks on Tuesday in Abuja at a pre-event press conference ahead of the…
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Tinubu’s reforms creating major investment openings, says VP Shettima
By Kunle Sanni – Vice President Kashim Shettima on Tuesday said the economic reforms introduced by President Bola Ahmed Tinubu are unlocking significant new opportunities for foreign investment across key sectors of the Nigerian economy. Speaking while receiving a delegation from the Abu Dhabi–Beijing-based Advanced Energy Partners (AEP) consortium at the Presidential Villa, Shettima said the administration’s ongoing policy measures…
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FG suspends enforcement of NIHOTOUR activities nationwide
The Federal Ministry of Art, Culture, Tourism and the Creative Economy has announced the immediate suspension of all enforcement activities by the National Institute for Hospitality and Tourism (NIHOTOUR) across Nigeria. The decision, approved by the Honourable Minister, Hannatu Musa Musawa, follows a comprehensive review of recent NIHOTOUR operations and growing concerns raised by stakeholders in the hospitality and tourism…
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PHOTO NEWS: India’s Ambassador to Nigeria visits Bagudu in Abuja
The India’s Ambassador to Nigeria, Mr Abhishek Singh and Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, during the ambassador’s courtesy visit to the minister in Abuja on Monday.
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Shettima represents Tinubu at high-level C-PACT Trade Cooperation Event in Abuja
By Kunle Sanni – Vice President Kashim Shettima, standing in for President Bola Tinubu, on Tuesday joined top government officials and international dignitaries at the Customs Partnership for African Cooperation in Trade (C-PACT) event held at the State House Conference Centre, Abuja.
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Nigeria’s Inflation rate drops to 16.05% in October 2025, says NBS
The National Bureau of Statistics (NBS) on Monday disclosed that Nigeria’s inflation trajectory showed a notable improvement in October 2025, with the headline inflation rate easing to 16.05per cent, a significant decline from the 18.02per cent recorded in September 2025. The report disclosed that the year-on-year headline inflation rate stood at 17.82per cent, lower than the 33.88per cent recorded in…
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