The business mogul gave the assurance while announcing the expansion of the Dangote Petroleum Refinery from 650,000 barrels per day (bpd) to 1.4 million barrels per day. According to him, prices of petrol will not be hiked during the ember months, despite recent global price increases. “In the last three days, we have witnessed an […]
According to a statement issued by the Governor’s Spokesperson, Sanusi Bature Dawakin Tofa, the landmark deal marks a major step toward strengthening energy security and accelerating economic transformation in Northern Nigeria. The agreement, finalized during the High-Level Electrification Summit held in Marrakech, Morocco, from October 16th to 19th, 2025, will see the three states jointly […]
In a statement signed by the Commissioner for the Environment and Water Resources, Tokunbo Wahab, the Governor stated that Lagos has continued to demonstrate leadership in subnational climate action and developing practical mechanisms for city-level climate finance. The Governor also reiterated that the state has been developing blue bonds and nature-based coastal protection projects that […]
The Central Bank of Nigeria, CBN, announced the development on Wednesday via its official X handle. Nigeria will formally assume the role on November 1, 2025. The G-24, established in 1971, serves as a platform for developing nations to coordinate their positions on international monetary and development finance issues, ensuring their collective interests are represented […]
The initiative was launched during the Commonwealth Finance Ministers’ Meeting, held alongside the World Bank and IMF Annual Meetings in Washington, D.C. According to the Federal Ministry of Finance, Nigeria’s delegation, led by Minister of State for Finance, Doris Uzoka-Anite, reaffirmed the country’s commitment to the Commonwealth’s trade and development agenda, emphasizing Nigeria’s readiness to […]
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 […]
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 […]
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” […]
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 […]
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 […]