Economy
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Edun hails MOFI real estate fund listing on NGX as catalyst for inclusive growth
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has hailed the listing of The MOFI Real Estate Investment Fund (MREIF) on the Nigerian Exchange (NGX) as a milestone in deepening Nigeria’s capital markets and advancing President Bola Ahmed Tinubu’s reform agenda. This was acccording to a statement by Director, Information and Public Relations , federal…
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Aiyedatiwa pushes for homegrown energy solutions, balanced oil mix
By Folashade Olorunfemi Ondo State Governor, Lucky Aiyedatiwa, has reaffirmed that the state possesses the largest deposit of bitumen in Nigeria and the second-largest in the world, noting that the resource remains largely untapped. He added that Ondo ranks fifth among hydrocarbon-producing states in Nigeria, with an output of about 60,000 barrels of crude oil per day, contributing significantly to…
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BREAKING: Nigerian equities market rebounds by N2.35trn after days of profit-taking
The Nigerian equities market gained N2.35 trillion after eight days of profit-taking by investors in listed blue-chip companies. WESTERNPOST gathered that the market capitalisation that closed for trading at N89.885 trillion on Tuesday, gained N2.35 trillion or 2.6per cent to close on Wednesday at N92.234 trillion. Consequently, the Nigerian Exchange Limited All-Share Index (NGX ASI) closed on Wednesday at 145,021.19basis…
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FG reports 17% drop in maternal deaths, records major health sector gains
By Kunle Sanni – The federal government says Nigeria’s health sector is witnessing steady improvements, with new data showing a 17% drop in maternal deaths and a 12% decline in newborn mortality across 172 high-burden local government areas. The Coordinating Minister of Health and Social Welfare, Professor Muhammad Ali Pate, disclosed this on Tuesday in Abuja during a ministerial press…
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World Bank raises concern as only 44% poor Nigeria’s access social benefits
The World Bank has raised concerns over the inefficiency of Nigeria’s social safety net programmes, revealing that despite more than half of the beneficiaries being poor, the majority of the country’s poor population remains unreached. In its latest report titled “The State of Social Safety Nets in Nigeria”, the global financial institution disclosed that 56 per cent of beneficiaries of…
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Edun pledges balanced capital gains tax outcomes as NGX lists MREIF
Nigerian Exchange (NGX) on Tuesday hosted the Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, at the Closing Gong Ceremony to commemorate the listing of the Ministry of Finance Incorporated (MOFI) Real Estate Investment Fund (MREIF) Series 2. The event underscored the capital market’s pivotal role in national development, particularly in addressing Nigeria’s housing deficit. The…
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PHOTO NEWS: Bagudu leads other Nigerian delegation to Dubai
Minister of Budget and Economic Planning, Senator Abubakar Bagudu, headed a Nigerian delegation, including Minister of State for Foreign Affairs, Chief Bainca Ojukwu, to Dubai, United Arab Emirates, where among other assignments, President Bola Tinubu’s special message was delivered to Chad’s President Mahamat Deby.
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BREAKING: Nigeria’s equities market drops by N4.6trn in one day
The Nigerian equities market depreciated by N4.6 trillion on Tuesday as investors profit-taking momentum continue to wash away investors return inn November 2025. The local market has seen downwarrd trend this month as investors traded with caution amid President Donald Trump threatening military action over the continued killing of Christians by Islamist militants in the country. Investors’ profit-taking in fundamental…
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Regimes of volatile, unstable economy now over, says VP Shettima
By Kunle Sanni – Vice President Senator Kashim Shettima has affirmed that the administration of President Bola Tinubu has successfully ended the era of volatility and unpredictability that once characterized Nigeria’s economy. Declaring open the Digital Nigeria International Conference and Exhibition 2025 in Abuja on Tuesday, the Vice President said the government’s bold economic reforms are restoring stability, building investor…
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Elites sabotage’s frontier exploration fund by borrowing money for different purposes, Lokpobiri alleges
Minister of state for petroleum resources (oil), Mr. Heineken Lokpobiri has stated that some elites are exploiting Nigeria’s frontier exploration fund by borrowing money for different purposes. Speaking on Monday at the 43rd annual international conference and exhibition of the Nigerian Association of Petroleum Explorationists (NAPE), Lokpobiri warned that individuals and agencies responsible for the mismanagement of the fund will…
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