President Tinubu Welcomes New Investments From QatFriday, May 9, 2025
President Bola Tinubu Tinubu has welcomed new initiatives by Qatari investors to explore opportunities in the agricultural sector and assured that Nigeria remains open to strategic partnerships. The President gave the assurance on Friday at the State House while receiving Dr Mohammed bin Abdulazi ...
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From 34.8% To 24.48%: Nigeria’s Inflation Rate Drops As NBS Re-bases Price IndexTuesday, February 18, 2025
Following the rebase of consumer price index (CPI), the National Bureau of Statistics has reported that Nigeria rsquo;s inflation rate dropped from 34.8 percent in December 2024 to 24.48 percent in January. Speaking at a press briefing on Tuesday in Abuja, the Statistician-General of the Federati ... |
FG Secures Fresh $25 Million Loan From China For Kano-Kaduna Railway ProjectWednesday, January 8, 2025
The China Development Bank (CDB) has approved a $254.76 million loan to support the construction of the Kano-Kaduna railway project in Nigeria by the President Bola Tinubu-led government. In a statement released on Tuesday, the bank said the funding would facilitate the smooth implementation of t ... |
We’ve Stabilized Nigeria’s Economy; It's No Longer Bleeding– Finance MinisterTuesday, November 19, 2024
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says President Bola Tinubu-led government has stopped Nigeria rsquo;s economy from bleeding and is charting a way to move a lot of Nigerians out of poverty. He stated this in Bauchi on Monday during the opening ceremony ... |
World Bank Approves Fresh $1.57Billion Loan For NigeriaMonday, September 30, 2024
Nigeria has secured three new loans from the World Bank, totalling $1.57 billion, to improve healthcare, education, and climate resilience. The funds are expected to focus on enhancing services for women, children, and adolescents, while also addressing climate challenges such as floods and droug ... |
CBN Govenor Blames Printing Of Money, Oil Prices Crash For Harsh EconomyTuesday, September 24, 2024
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has blamed the monetary policies of his predecessor, Godwin Emefiele, for the current economic situation of the country. Cardoso stated this at a press briefing on Tuesday at the end of the 297th meeting of the Monetary Policy Co ... |
FCT Minister, Wike Unveils Abuja Metro Rail Line With 60-Day Free RidesThursday, 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 InveWednesday, 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 toTuesday, 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 - CBNSaturday, 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 ... |
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