Tag: #EconomicGrowth
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INDIGENOUS SUPERMARKETS POWER NIGERIA’S ECONOMIC INDEPENDENCE – LCCI
As Nigerian-owned retail chains expand, business leaders say local investment is reclaiming the market, creating jobs and boosting inclusive growth. President of the Lagos Chamber of Commerce and Industry (LCCI), Leye Kupoluyi, says the rise of indigenous supermarkets is key to Nigeria’s economic independence. Speaking at the opening of The Mart Supermarket, Isheri branch, he…
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CUSTOMS, KEBBI SEAL DEAL AS FG OPENS NIGER–BENIN TRADE CORRIDOR
48-hour cargo clearance, tighter security, smoother cross-border trade Nigeria’s trade routes just got a major boost as the Nigeria Customs Service (NCS) and the Kebbi State Government team up to roll out President Bola Tinubu’s approved transit corridor for goods heading to Niger Republic via Benin. The Customs boss, Bashir Adewale-Adeniyi, announced the partnership during…
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MASSIVE ROAD PROJECTS TO REV UP FCT SATELLITE TOWN ECONOMY – WIKE
FCT minister says new roads will boost trade, ease traffic, and improve living standards The FCT Minister, Nyesom Wike, has assured that ongoing major infrastructural developments in satellite towns like Karu, Bwari, Kubwa, and Apo-Karshi will significantly stimulate local economies and enhance residents’ quality of life. Speaking after inspecting road projects, Wike highlighted that roads…
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HOUSE LAUNCHES PROBE INTO AIRPORT, SEAPORT CONCESSIONS
Are Nigeria’s ports and airports delivering value? The House wants answers! Speaker of the House of Representatives, Rep. Abbas Tajudeen, has inaugurated an ad hoc committee to investigate the performance of concessionaires managing federal airports and seaports from 2006 to 2025. Speaking through Rep. Loari Kwamoti, Tajudeen said the review is part of the House’s…
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KANO’S AUDU BAKO ZOO SET FOR MAJOR REVAMP
From declining visits to a must-see attraction—Kano plans to turn its historic zoo into a model wildlife park. The Audu Bako Zoological Garden in Kano is set for a comprehensive, multi-phase transformation as the state moves to reposition it as a modern wildlife park and tourism hub. The newly appointed Managing Director of the Kano…
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LAGOS COURTS INVESTORS AT NIGERIA–UAE FORUM
Sanwo-Olu promises a business-friendly Lagos as city positions itself for global investment. Governor Babajide Sanwo-Olu on Monday urged local and international investors to explore Lagos’ vast opportunities, pledging supportive policies, robust infrastructure, and a secure environment. Speaking at the Nigeria–UAE Investment Forum, ‘Investopia Global Africa’, the governor highlighted key projects including the Lekki Deep Sea…
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NIGERIA STOCK MARKET GOES LIVE WITH T+2 SETTLEMENT CYCLE
Nigeria’s capital market just leveled up, ditching the old T+3 for a snappier T+2 settlement meaning trades now clear in just two business days, slashing risks and boosting efficiency. CSCS Chairman Temi Popoola called it a historic win that deepens liquidity, amps investor trust, and aligns with global standards to chase that $1 trillion economy…
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TINUBU LAUNCHES NATIONAL TAX REVOLUTION COMMITTEE
President Bola Tinubu just green-lit a powerful new task force the National Tax Policy Implementation Committee (NTPIC) to drive Nigeria’s fresh wave of tax reforms. This isn’t just about rules; it’s about building a fair, transparent, and tech-savvy tax system that sparks economic growth and protects both citizens and businesses. Chaired by tax guru Joseph…
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NRC AND SOUTH WEST DEVELOPMENT COMMISSION TO REVIVE RAILWAYS FOR ECONOMIC GROWTH
The Nigerian Railway Corporation (NRC) is set to sign a Memorandum of Understanding (MoU) with the South West Development Commission (SWDC) to reactivate old, unused railway routes in the South West geopolitical zone. NRC Managing Director Dr Kayode Opeifa said this partnership aims to boost regional connectivity and stimulate economic development. Dr Opeifa welcomed SWDC’s…
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EFCC ROLLS OUT ENHANCED DIGITAL FORENSIC TOOLS, EDUCATION TO FIGHT ECONOMIC CRIMES AND BOOST PRODUCTIVITY
The Economic and Financial Crimes Commission (EFCC) is stepping up with advanced digital forensic technology, broader public education, and stricter compliance frameworks to tackle emerging economic crimes and improve Nigeria’s productivity. EFCC Chairman Mr. Olanipekun Olukoyede highlighted these initiatives at the WorldStage Economic Summit 2025 in Lagos, focusing on the need to curb threats such…
