Tag: #EconomicGrowth
-
NEW NIGERIAN TAX REGIME TO LIGHTEN BURDEN ON YOUTHS AND SMALL BUSINESSES
Good news for Nigerians: starting January 1, 2026, the new tax system introduced by President Bola Tinubu’s administration is set to ease the tax burden on the majority of people, especially the youth and small business owners. Dr. Tope Fasua, the President’s Economic Adviser, revealed during the Youth National Discourse in Abuja that those earning…
-
GERMAN CHAMBER REAFFIRMS SUPPORT FOR NIGERIA’S VOCATIONAL TRAINING AND ENTREPRENEURSHIP
The Chamber of Industry and Commerce (IHK) Giessen-Friedberg, Germany, has renewed its commitment to boosting vocational education, entrepreneurship, and institutional growth in Nigeria. Dr. Matthias Leder, the IHK’s CEO, shared this during a virtual media conference highlighting two decades of strong Nigeria-Germany collaboration. Since 2005, the partnership has trained over 600 Nigerians, advancing youth skills,…
-
KATSINA AIMS TO BOOST REVENUE TO N140 BILLION BY 2026
Katsina State is setting its sights on increasing its internally generated revenue (IGR) to about N140 billion by 2026, according to the state government. Speaking at the launch of the ‘State of States 2025 Report’ by BudgIT in Abuja, Commissioner for Budget and Economic Planning, Alhaji Malik Anas, shared the ambitious plan. Anas revealed that…
-
MINISTER DELE ALAKE REPORTS RECOVERY OF 90 ILLEGAL MINING SITES, URGES TRADERS TO SUPPORT MINING REFORMS
Minister of Solid Minerals, Mr. Dele Alake, announced on Thursday in Akure that his ministry has successfully recovered over 90 mining sites from illegal miners nationwide. Speaking at the South-West stakeholders’ dialogue, Alake revealed that more than 300 illegal miners have been arrested, with 50 prosecuted and over 20 convicted under the current administration. In…
-
AFRICAN ENERGY LEADERS PUSH FOR REGIONAL INTEGRATION AND INVESTMENT AT OTL AFRICA DOWNSTREAM ENERGY WEEK 2025
Energy regulators and stakeholders from across Africa gathered in Lagos for the 19th OTL Africa Downstream Energy Week 2025, calling for stronger regional integration, harmonised policies, and increased investment to boost sustainability and competitiveness in the continent’s oil and gas sector. The event, themed “Energy Sustainability: Growth Beyond Boundaries and Competition,” highlighted how fragmented regulations…
-
NAIRA APPRECIATES TO ₦1,452.79 AGAINST THE DOLLAR AS ECONOMIC CONFIDENCE GROWS
The Nigerian Naira continued its positive run on Monday, appreciating by ₦5.16 to trade at ₦1,452.79 to the dollar at the official foreign exchange market, according to the Central Bank of Nigeria (CBN). This marks a 0.35% gain from Friday’s rate of ₦1,457.95, extending the weeklong upward trend. The Association of Bureau De Change Operators…
-
NIGERIA WINS HUGE VICTORY: OFFICIALLY REMOVED FROM FATF GREY LIST
The Nigerian Financial Intelligence Unit (NFIU) has announced Nigeria’s official removal from the Financial Action Task Force (FATF) grey list, a landmark achievement in combating money laundering and terrorist financing. CEO Hafsat Bakari revealed the news after the FATF October plenary in Paris, marking Nigeria’s successful completion of a comprehensive 19-point reform program. This move…
-
WORLD BANK UNVEILS IFC2030 STRATEGY TO BOOST PRIVATE CAPITAL AND JOB CREATION
Big moves ahead to create jobs globally! World Bank President Ajay Banga announced the IFC2030 strategy, designed to mobilise private capital and turbocharge economic growth by strengthening partnerships between governments and businesses. Banga explained how the journey shifts from public sector-led early growth to private sector-driven job creation. The strategy hinges on building strong infrastructure,…
-
NIGERIAN STOCK MARKET BOUNCES BACK WITH N20 BILLION GAIN
After a tough day, Nigeria’s stock market is back in the green! Investors gained N20 billion with renewed interest in key stocks leading the charge. On Wednesday, the market reversed previous losses, closing with a N20 billion boost, pushing market capitalization from N93.756 trillion to N93.776 trillion. The All-Share Index climbed by 0.20%, settling at…
-
GLOBAL PUBLIC DEBT TO SURPASS 100% OF GDP BY 2029, SAYS IMF
The International Monetary Fund (IMF) warns that global public debt is set to rise above 100% of the world’s Gross Domestic Product by 2029, the highest since 1948. Vitor Gaspar, IMF’s Fiscal Affairs Director, says this growing debt risk demands urgent and consistent action from policymakers to keep debt in check and avoid financial turmoil.…
