Tag: #Economy
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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…
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SAUDI ENVOY, DANGOTE MOVE TO BOOST INVESTMENT TIES BETWEEN BOTH ECONOMIES
Saudi Arabia’s Ambassador to Nigeria, Yousef bin Mohammed Al-Balawi, has met with billionaire businessman Aliko Dangote to deepen economic cooperation between both countries. The meeting, held at the envoy’s residence in Abuja’s Diplomatic Quarter, focused on expanding partnerships in energy, industry, infrastructure, and investment opportunities. Al-Balawi said the engagement reflects growing Saudi–Nigeria economic relations and…
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SOLUDO APPOINTS PIONEER CEO FOR ANAMBRA INVESTMENT DRIVE
Anambra is making a bold economic move—new investment corporation, new CEO, big expectations. Gov. Chukwuma Soludo has appointed Nwabunwanne Okonkwo as the pioneer Chief Executive Officer of the Anambra State Development and Investment Corporation (ADIC), signaling a fresh push to attract investors and fund major projects. Okonkwo, a finance lawyer with over 16 years’ experience,…
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NIGERIAN BREWERIES STOCK SURGES 135% TO ₦2.33TRN AS PROFIT REBOUNDS
From red ink to strong returns — Nigerian Breweries just toasted a major turnaround on the stock market. Nigerian Breweries Plc says its market capitalisation jumped by 135% in 2025, rising from ₦991.5 billion to ₦2.33 trillion. Chairperson Juliet Anammah credited the surge to economic reforms, improved investor confidence, and stronger market conditions. She said…
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NIGERIA PUSHES $2.3TR INFRASTRUCTURE FIX, COURTS GLOBAL INVESTORS AT IMF/WORLD BANK TALKS
From power lines to highways, Nigeria is shopping big on infrastructure — and the bill is running into trillions. The Infrastructure Concession Regulatory Commission says Nigeria is ramping up efforts to close its massive infrastructure gap, estimated at $2.3 trillion between 2020 and 2043. Director-General Jobson Ewalefoh disclosed this in Washington D.C. during the IMF/World…
