Tag: #NigeriaEconomy
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NIGERIA’S FINANCE MINISTER WALÈ EDUN GRAPPLES WITH STROKE, FUTURE UNCERTAIN
When a nation’s steady hand falters, the weight of uncertainty settles in. Nigeria’s Finance Minister, Wale Edun, a chief architect of economic reform, has been flown abroad after suffering a severe stroke. The country holds its breath as questions loom over the path ahead. Nigeria’s Finance Minister, Wale Edun, has been urgently flown abroad for…
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NO MORE BUDGET EXTENSIONS, SAYS FINANCE MINISTER WALE EDUN
At NES #31 in Abuja, Finance Minister Wale Edun declared an end to budget rollovers that cause confusion, confirming an agreement with the National Assembly to keep budgets within the fiscal year. He highlighted new financing methods like sukuk, green bonds, and diaspora bonds to replace eurobonds. Edun emphasized transparency improvements, including a federal billing…
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ABUJA TRADE FAIR VENDORS OPTIMISTIC DESPITE LOW TURNOUT
Sellers hopeful sales will pick up as Abuja International Trade Fair continues. Vendors at the Abuja International Trade Fair (AITF), themed “Sustainability, Consumption, Incentives and Taxation,” expressed optimism for better sales despite a slow start. Ghanaian trader Veronica Aboagye and Chinese participant Zhang Wei remain hopeful Nigerians will boost patronage soon. Local seller Joseph Asogwa…
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FG BROKERS PEACE BETWEEN PENGASSAN AND DANGOTE REFINERY
Strike called off as workers to be redeployed with no pay loss; union rights respected. The Federal Government has resolved the dispute between PENGASSAN and Dangote Petroleum Refinery after a two-day conciliation meeting. The agreement includes immediate redeployment of over 800 affected workers into other Dangote subsidiaries without loss of pay. It was affirmed that…
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TINUBU CELEBRATES 12 ECONOMIC MILESTONES IN 2 YEARS
Nigeria’s economy is booming with strong growth, falling inflation, and booming exports. President Bola Tinubu highlighted 12 key economic achievements during Nigeria’s 65th Independence Day broadcast. GDP grew 4.23% in Q2 2025, the fastest in four years, while inflation dropped to 20.12%. The government surpassed its N20 trillion non-oil revenue target by August, and Nigeria…
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TINUBU HAILS 12 ECONOMIC MILESTONES IN 2 YEARS, ECONOMY ON FAST-TRACK
Nigeria’s economy surges with record revenue, inflation drop, and expanding infrastructure under Tinubu’s leadership. President Bola Tinubu marked Nigeria’s 65th Independence Day by spotlighting 12 major economic achievements over the past two years. The economy grew 4.23% in Q2 2025, beating IMF forecasts, with inflation down to 20.12%. Non-oil revenue hit over ₦20 trillion by…
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NIGERIA TAX REFORM ACTS SIGNED TO SIMPLIFY TAXES, BOOST ECONOMY
New tax laws exempt low earners, cut corporate rates, and aim to grow business and capital markets. President Bola Tinubu’s June 26 signing of the Nigeria Tax Reform Acts consolidates multiple tax laws into a single, streamlined system to ease compliance and increase fairness. Individuals earning ₦800,000 or less annually are exempt from Personal Income…
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DANGOTE-PENGASSAN MEETING ENDS IN DEADLOCK; STRIKE CONTINUES
Over 800 sacked workers remain a key issue as talks stall, fueling ongoing strike in oil sector. A nine-hour conciliation meeting between the Federal Government, PENGASSAN, and Dangote Group over the dismissal of 800 workers ended with no agreement on reinstatement and unionisation. Minister of Labour Muhammad Dingyadi said progress was made, but key issues…
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STOCK MARKET ENDS WEEK WITH N618 BILLION GAIN ON STRONG BIG-CAP INTEREST
Nigerian equities surge as medium and large stocks draw investor confidence. The Nigerian Stock Market closed the week on a high note, with market capitalization increasing by N618 billion (0.7%) to reach N89.96 trillion. The All-Share Index gained 984 points to close at 142,133, supported by 36 gainers versus 23 losers. Top gainers included Thomas…
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GLOBAL MARKETS TO YOUR PLATE: MEDIA TRAINING UNCOVERS THE ECONOMY BEHIND YOUR DINNER BILL
Ever wondered how the ups and downs of financial markets ripple all the way to the price of your dinner? A two-city media training in Nigeria has been digging into just that, helping journalists connect the dots between global trade, commodity prices, debt, and everyday costs.The training, held in Abuja (September 8–9, and to hold…
