Tag: #Economy
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NIGERIA PARTNERS AFDB ON AVIATION INFRASTRUCTURE, FLEET MODERNISATION
Nigeria has signed a partnership agreement with the African Development Bank (AfDB) to modernise aviation infrastructure, improve regional connectivity and strengthen airline competitiveness across Africa. The agreement was signed on the side-lines of the 2026 Annual Meetings of the African Development Bank( AfDB) Group in Brazzaville on Thursday May 28. Speaking at the ceremony, Mike…
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MIYETTI ALLAH SEEKS FG LOAN SUPPORT FOR BUTCHERS TO REDUCE BEEF PRICES
The Miyetti-Allah Fulaku Yeso Yeso Development Association (MAFYDA) has appealed to the Federal Government to provide loan support for butchers nationwide to help reduce the rising cost of beef. The association said many butchers are unable to buy cows directly from livestock farmers because of limited funds, forcing them to depend on middlemen who resell…
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CUSTOMS BOSS PUSHES FOR WIDER USE OF AI TO STRENGTHEN NIGERIA’S ECONOMY
The Comptroller-General of the Nigeria Customs Service, Bashir Adewale Adeniyi, has urged Nigeria to embrace disruptive technologies and artificial intelligence to improve governance, trade administration and revenue generation across the country. Adeniyi made the call while delivering the keynote address at the 4th Biennial International Conference organised by the Faculty of Communication and Information Sciences…
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NSDC SAYS NIGERIA’S SUGAR SECTOR COULD CREATE ABOUT 1 MILLION JOBS
The National Sugar Development Council (NSDC) says Nigeria’s sugar sector has the potential to generate about one million jobs if fully developed. The Executive Secretary/CEO of NSDC, Mr Kamar Bakrin, made this known during a strategic meeting with the Nigeria Customs Service in Abuja. He said the sector could create both direct and indirect jobs,…
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LAGOS RESIDENTS STRUGGLE AS MEAT PRICES CONTINUE TO RISE
Meat prices in Lagos are rising sharply, and many residents say the increase is putting pressure on family budgets. A NAN market survey found that beef, goat meat and frozen chicken now cost significantly more than they did last year. Some residents say they have reduced meat consumption and are switching to fish and eggs…
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AFRICAN EXPORTERS SEE GROWTH POTENTIAL IN CHINA’S ZERO-TARIFF POLICY
African experts say China’s zero-tariff policy presents a major opportunity for African countries to expand exports and strengthen trade ties. The policy, which covers 53 African countries, took effect on May 1 and was discussed during a webinar hosted by the Sino-SA Media Club. Experts noted that Africa can benefit significantly if countries improve production…
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NIGERIA TO DRIVE ECONOMIC GROWTH THROUGH INNOVATION — FG
The Federal Government says Nigeria will continue to use innovation as a key driver of economic growth and national development. The Minister of Foreign Affairs, Amb. Bianca Odumegwu-Ojukwu, represented by the Permanent Secretary, Amb. Dunoma Ahmed, stated this at the 18th BRICS Foreign Ministers Meeting in India. She noted that Nigeria’s tech ecosystem—covering fintech, digital…
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SEC: T+1 SETTLEMENT TO CUT FAILED TRADES, BOOST NIGERIAN MARKET STABILITY
The Securities and Exchange Commission (SEC) says Nigeria’s planned shift to the T+1 settlement cycle will help reduce failed trades and strengthen stability in the capital market. According to SEC Director-General, Dr Emomotimi Agama, the new system will shorten the time between trade execution and settlement, allowing investors to receive their funds faster and improving…
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NIGERIA’S INFLATION RISES TO 15.69% IN APRIL – NBS REPORT
Nigeria’s inflation rate rose slightly to 15.69% in April 2026, according to the National Bureau of Statistics (NBS). The latest report shows a marginal increase from 15.38% recorded in March. The NBS said the rise was influenced by higher prices in food, transport, accommodation services, and other household essentials. Food inflation stood at 16.06% year-on-year,…
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FG LINKS DRIVER EDUCATION TO ECONOMY, SECURITY AS REFORMS INTENSIFY
The Federal Government has again stressed that effective driver education is crucial to strengthening Nigeria’s economy, improving road safety, and supporting internal security. This was the message from FCT Minister Nyesom Wike at a national workshop organised by the Federal Road Safety Corps in Abuja for driving school operators and instructors. Represented by the Permanent…
