Economy & Investments

FCT Minister, Wike Unveils Abuja Metro Rail Line W

Thursday, May 23, 2024
Nyesom Wike, Minister of the Federal Capital Territory, has announced that the Abuja Metro rail line will commence commercial operations on May 27, 2024, with free train rides for the first two months. Wike revealed this during a ministerial sectoral press briefing on Thursday, adding that his ad ...

President Tinubu Inaugurates Critical Gas Infrastructure Projects, Promises Inve

Wednesday, May 15, 2024
President Bola Tinubu has reassured investors in the energy sector of his administration rsquo;s commitment to further enhance the business environment and ensure investment convenience. This was as the President inaugurated three milestone projects, which are the expanded AHL Gas Processing Plan ...

Nigeria Launches New Fiscal Incentives To Revitalize Oil & Gas Sector, Aiming to

Tuesday, April 23, 2024
Today, in a move to further revitalise the oil and gas industry rsquo;s contribution to the Nigerian Economy, Wale Edun, OFR, Minister of Finance and Coordinating Minister of the Economy, presided over a signing ceremony at the Federal Ministry of Finance headquarters in Abuja endorsing the Consolid ...

Nigeria Economy Received Over $1.5bn FX Inflow In March 2024 - CBN

Saturday, March 30, 2024
The Nation 39;s Central Bank (CBN), has stated that the economy recorded over $1.5 billion in foreign exchange (FX) inflow in March 2024, giving credence to its monetary policy initiatives. Hakama Ali, the bank rsquo;s acting director, corporate communications department, made this known in a st ...

Driving Economic Growth Through Steel: Minister Uzoka-Anite Highlights Industry

Wednesday, March 27, 2024
Kaduna, Nigeria ndash; The Honourable Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite, today emphasized the Nigerian government rsquo;s commitment to industry revitalization with a keen focus on steel, the cornerstone of infrastructural development and economic renewal. This empha ...

FG Moves To Ban Syringe Imports To Boost Local Manufacturing

Monday, March 25, 2024
In a bid to strengthen the economy and foster local production, Dr. Tunji Alausa, Hon. Minister of State for Health has advocated for a complete halt on the importation of medical syringes into Nigeria. This call was echoed by Prof. Mojisola Adeyeye, Director-General of NAFDAC, during a visit to ...

Present Economic Hardship May Last Five Years – Ex-Deputy CBN Governor

Wednesday, March 6, 2024
The former Deputy Governor of the Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu, has said that the current economic hardship in the country may last for five years. Moghalu said this on Tuesday during his keynote speech at the Leadership Newspaper Group 2024 Conference and Awards night, w ...

Governor Otti Appoints Okonjo-Iweala, Sanusi, Others Into Abia State Economic Ad

Friday, January 19, 2024
The Governor of Abia State, Alex Otti, has announced prominent Nigerians as members of the 19-man Abia State Global Economic Advisory Council (AGEAC). According to the announcement made on Thursday by the Governor, membership of the council includes Dr Ngozi Okonjo-Iweala, Ms Arunma Oteh and form ...

FG’s Foreign Exchange Liquidity Booster: NNPCL, Qatar To Provide $10bn Inflow

Friday, October 27, 2023
The Nigerian National Petroleum Company Ltd (NNPCL) and Qatar are to mobilize $10 billion for the Federal Government to ease liquidity crunch in the nation rsquo;s foreign exchange market, it has been revealed. Worried by the decline in the value of the Naira, President Bola Tinubu and the Cen ...

Soludo Reiterate Calls For Local Content, Meets With Officials Of National Autom

Saturday, September 24, 2022
The Governor of Anambra State, Prof Charles Chukwuma Soludo has lauded the National Automotive Design and Development Council for their efforts in promoting local contents and automobile industry in Nigeria. Governor Soludo made this remark during a courtesy visit to Mr Jelani Aliyu, Director-Gen ...
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