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The Delta Government has said its ongoing economic reforms and empowerment initiatives were designed to boost the purchasing power of residents; stimulate grassroots economic activities; and accelerate the state’s economic recovery. Mr Charles Aniagwu, the State Commissioner for Works (Rural Roads) and Public Information said this while briefing newsmen in Asaba, on Friday. According to ...
The Manufacturers Association of Nigeria (MAN) says the marginal moderation in headline inflation is yet to translate into lower production costs, leaving manufacturers under pressure from high input, energy, logistics and financing expenses. The association’s Director General(D-G), Mr Segun Ajayi-Kadir, made this known via its position paper on Friday in Lagos in reaction to the ...
Katsina State Governor, Malam Dikko Umaru Radda, has approved a N1 million take-off package each for 361 agripreneurs who graduated from the second batch of the Dikko Radda Agripreneurship Training and Empowerment Scheme-Songhai (DRATESS-Songhai). Governor Radda announced the package on Thursday at the graduation ceremony held at the Banquet Hall, Government House, Katsina, for trainees ...
The Governor of the Central Bank of Nigeria (CBN) Mr Olayemi Cardoso, said that financial inclusion must go beyond access to services and deliver measurable improvements in Nigerians’ financial wellbeing. Cardoso made the statement at the 2026 Access to Financial Services in Nigeria (A2F) survey, in Abuja on Wednesday. Cardoso who was represented by the ...
The Africa Minerals Strategy Group (AMSG) has called for urgent safety reforms in Africa’s mining sector, particularly to strengthen occupational standards for miners. The AMSG Chairman, Dele Alake, made the call in a statement made available to newsmen in Abuja on Thursday The chairman’s call is following reports of a mine collapse at the informal ...
The Director-General/Chief Executive Officer of the Nigerian Ports Economic Regulatory Agency (NPERA), Dr. Pius Akutah has said the NPERA Act 2026 has given the Agency the powers required to sanitize Nigeria’s port sector, promote fair competition and protect investments. Akutah stated this when the Executives of the Maritime Correspondents Organisation of Nigeria (MARCON), led by ...
Mafab Communications, the Nigerian telecommunications operator backed by businessman Musbahu Muhammad Bashir, is in the process of transferring its critical spectrum assets to MTN Nigeria, a development that could mark the end of Mafab’s operational footprint in the country's 5G market. The proposed deal covers Mafab’s 2×20 MHz spectrum holding in the 2.1 GHz band alongside its 100 MHz block in the 3.5 GHz band. Mafab originally secured ...
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) has announced the appointment of Mrs. Omosimisola Christabel Ojumu as its new Executive Director, Technical. Mrs. Ojumu brings to the role two decades of extensive experience as a seasoned investment banker and corporate finance professional. Her career spans capital raising, transaction structuring, investment origination, ...
Borno State Governor, Professor Babagana Umara Zulum, has assured the Tax Ombuds of Nigeria of the state government's support to establish a regional office in Maiduguri, positioning the state as the administrative hub of the Northeast. The governor gave the assurance when he received the pioneer Chief Executive Officer of the Tax Ombuds of Nigeria, ...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reiterated its commitment to activate multiple pathways aimed at transforming Nigeria into a global gas hub. NNPC Ltd.’s Executive Vice President, Gas, Power & New Energy, Olalekan Ogunleye disclosed this on Monday, while speaking at the 2026 Gas Technology & Exhibition Conference (GASTECH), taking place in ...
The Board Chairman of the Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA), Ambassador Idaere Ogan, has identified the Niger Delta Development Commission (NDDC) and the governments of the nine Niger Delta states as development partners in building a sustainable regional investment ecosystem. Addressing newsmen at the Obi Wali Cultural Centre in ...
Vice President Kashim Shettima has reaffirmed Nigeria’s commitment to the World Trade Organisation (WTO) and the multilateral trading system. Shettima spoke on Saturday during a meeting with WTO Director-General, Dr Ngozi Okonjo-Iweala, in New Delhi, India. The meeting was held on the sidelines of the ongoing BRICS Leaders’ Summit. Shettima said no country could achieve ...
The Bureau of Public Procurement (BPP) has directed Ministries, Departments and Agencies (MDAs) to strictly comply with the Nigeria First Policy in the procurement of vehicles and automotive equipment. Dr Adebowale Adedokun, the Director-General of BPP, gave the directive in a statement issued by Ngozi Anyaelezu, Assistant Chief Information Officer, in Abuja on Friday. Adedokun ...
The Chairman of Air Peace, Allen Onyema, has called on the Federal Government to halt the mandatory revenue deductions imposed on key aviation agencies, warning that stripping them of their internally generated funds is crippling safety-critical infrastructure and threatening the survival of domestic airlines. Speaking at the 30th Annual Conference of the League of Airport and Aviation Correspondents (LAAC) in Lagos, Onyema stated that ...
The Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, has called on Danish investors and businesses to explore the growing opportunities in Nigeria’s marine and blue economy, assuring them of attractive incentives and a business environment that encourages private-sector participation. Oyetola made the call in Copenhagen, Denmark, during a bilateral meeting with Denmark’s Minister for Business and Competitiveness, Martin Lidegaard, as Nigeria intensified efforts to attract Danish capital, technology ...
Katsina State Governor, Malam Dikko Umaru Radda has launched a $1 million food security project aimed at strengthening the resilience of vulnerable farming communities against the recurring challenges of floods and drought in the state. The project, titled "Protecting Food Security Against Recurring Floods and Drought,” is organised by the Katsina State Development Management Board (KTDMB) in collaboration with the Ministry of Budget and Economic Planning, with support from ...
The African Development Bank Group and members of the African Forum of Deposit Funds have agreed to deepen cooperation aimed at mobilising long-term financing for development, productive investment and economic growth. The agreement is contained in a statement released on the bank’s website on Thursday in Abuja, outlining a framework for stronger institutional collaboration to ...
A financial expert, Dr Tunde Awesu, says the N930 billion decline in banking system liquidity has yet to significantly push up short-term interest rates, indicating that the financial system remains sufficiently liquid. Awesu, President, Metropolitan School of Business and Entrepreneurship, said this in an interview with the news reporters on Wednesday in Lagos while assessing ...
First Bank of Nigeria Limited says it invests more than N6 billion annually in cybersecurity to protect its systems from cybercriminals. The bank’s Chief Executive Officer (CEO), Mr Olusegun Alebiosu, disclosed this on Wednesday in Abuja. Alebiosu spoke on the sideline of the 19th Chartered Institute of Bankers of Nigeria Annual Banking and Finance Conference. ...
The Director-General of Bureau of Public Procurement (BPP), Dr Adebowale Adedokun, says a transparent procurement system can attract foreign direct investment, boost economic growth and stimulate the development of domestic industries. Adedokun made this known on Tuesday at the inauguration of the Forum of State Directors-General of Public Procurement by the Nigeria Governors’ Forum (NGF). He ...
Global fuel shortages could persist beyond the ongoing US-Iran conflict as damage to Middle Eastern refineries, high refinery utilisation and efforts to rebuild fuel inventories continue to constrain supplies, the Chief Executive Officer of Dangote Refinery, David Bird, has said. Bird told Reuters on Tuesday that the global refining system entered the conflict with high ...
Ten African AI startups will receive up to 200,000 dollars each under the Askya AI Growth Platform, chaired by the Chief Executive officer, Moniepoint, Mr Tosin Eniolorunda. Moniepoint disclosed this in a statement on Tuesday, saying the pan-African initiative would also provide selected startups with strategic guidance, market access and support to achieve product-market fit ...
The National Insurance Commission (NAICOM) has revoked the operational licence of the National Insurance Corporation of Nigeria (NICON) and appointed a Receiver Manager to take over the firm. NICON, Nigeria’s largest insurer and a Federal Government-owned company established in 1969 by Decree 2, is now officially out of business. NICON’s operational licence, marked RIC–049, was cancelled by NAICOM following the company’s persistent failure ...
