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Economy / Page 4

Akwa Ibom Governor Signs ₦695bn Supplementary Budget

10 October 2025

The governor signed the budget during the state’s monthly Project Delivery Meeting held at Government House, Uyo, commending the House of Assembly for the swift passage of the bill and reaffirming his commitment to transparency and accountability. “To the people of Akwa Ibom, I assure you that we remain focused on delivering impactful governance. The […]

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Senate Issues Two-Week Ultimatum To Executive On Budget Implementation

10 October 2025

Chairman of the Senate Committee on Finance, Sen. Sani Musa, gave the declaration during a meeting with President Bola Tinubu’s economic team, led by Minister of finance and Coordinating Minister of the economy, Wale Edun, at the National Assembly. Senator Musa noted that the legislature requires detailed performance data to properly assess the assumptions and […]

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AfDB Set To Approve $500m Budget Support Loan To Nigeria

7 October 2025

Bode Oyetunde, the representative of Nigeria and São Tomé and Príncipe on the AfDB board, disclosed this on the sidelines of the 31st Nigeria Economic Summit (NES). He said the loan could be approved before the end of the year. He said the AfDB has been working strongly to support Nigeria’s “very bold and aggressive” […]

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AI Adoption: Key To Nigeria’s future, Says Minister

7 October 2025

Speaking at the Nigerian Economic Summit in Abuja, Tijani said the Federal Government is investing in infrastructure and talent to ensure AI drives transformation across key sectors such as agriculture, mining and education. He linked the government’s plan to create three million technical jobs to the development of AI skills and solutions tailored to local […]

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Northern Leaders Launch Development Council to Drive Regional Economic Growth

7 October 2025

The decision followed the signing of the Northern Nigeria Economic Development Charter at the close of the Northern Investment and Industrialisation Summit in Abuja. In a joint communiqué, the forums said the NNDC will serve as the central agency for implementing a long-term regional development masterplan, operating under their joint supervision. The council will lead […]

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NNPC Blames Cooking Gas Price Hike on Strike

6 October 2025

Ojulari said the industrial action halted loading and distribution for several days, creating an “artificial” spike in prices. He explained that as operations resume, supply is gradually stabilising and prices are expected to ease. “The increase you saw was relatively artificial because movements and loading were delayed by about two or three days,” he said. […]

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FG Brokers Peace Between Dangote Refinery and PENGASSAN

1 October 2025

In a statement released by the Minister of Labour and Employment, Mohammed Maigari Dingyadi, confirmed that the long-standing standoff was settled after extended conciliation meetings. The Minister reaffirmed that unionisation is a legal right of Nigerian workers and must be respected. Dangote Group has agreed to redeploy all disengaged staff to other companies within the […]

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FG Launches ISO 37003 Fraud Control Standard to Boost Business Trust

30 September 2025

The launch took place in Abuja and was performed by the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, represented by Jachinma Agu, Deputy Director of Reforms at the ministry. Oduwole described the standard as a vital tool in aligning Nigeria’s economic reforms with the administration’s Renewed Hope Agenda. She noted that fraud acts […]

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NNPC, NUPRC, NMDPRA Shut As PENGASSAN Begins Strike

29 September 2025

The strike, which followed the weekend directive by the union’s National Executive Council, prompted members across the country to withdraw their services, effectively shutting down critical agencies that drive Nigeria’s oil and gas industry. According to journalists, the main gate was firmly locked, leaving several employees stranded outside the premises. Security operatives on duty confirmed […]

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PENGASSAN Orders Immediate Halt to Gas and Crude Supply to Dangote Refinery

28 September 2025

In a directive issued and signed by its General Secretary, Comrade Lumumba Okugbawa, the union accused the refinery’s management of unlawfully disengaging unionised workers and spreading misinformation rather than engaging in constructive dialogue with the union. “All branch chairmen, particularly those in the Nigerian Gas Infrastructure Company, NGIC, are directed to ensure that gas supply […]

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