The Federal Executive Council (FEC) on Monday approved Nigeria’s full membership of the Asian Infrastructure Investment Bank (AIIB) as a non-regional member, marking a significant milestone in the country’s international economic engagement. The Council also approved the transmission of a bill to the National Assembly to establish the National Cocoa Management Board, in a bid…
The Federal Government has directed the Economic Management Team (EMT) to chart a fresh path for Nigeria’s economic future, targeting a medium-term growth rate of seven per cent. This next phase of the economic roadmap is expected to focus on unlocking rapid and sustained inclusive growth, anchored on a mix of fiscal discipline, investment incentives,…
Nigeria’s former Finance Minister and Coordinating Minister of the Economy now Director-General, World Trade Organisation (WTO) Dr. Ngozi Okonjo-Iweala has said Africa’s opportunity does not lie in aid but in adding value, building trust and using her enormous resources judiciously. She spoke at the African Business Stories (ABS) third edition of its Roundtable Series during…
Visionaries who recognize untapped potential can fundamentally reshape entire economies in the rapidly evolving global technology landscape. Dr. Leo Stan Ekeh, Chairman of Zinox Group and a pioneer in Africa’s tech ecosystem, stands as a testament to this transformative power. For over three decades, Dr. Ekeh has not merely participated in Nigeria’s tech evolution; he…
An indigenous solar panel manufacturing company, LPV Technologies and the Rural Electrification Agency (REA) have partnered to halt capital flight occasioned by the importation of solar panels. Managing Director, REA, Engr. Abba Aliyu, who spoke during a facility tour of the company’s state-of-the-art solar panel production plant in Lagos, described LPV Technologies as one of…
Leading carrier, MTN Nigeria said it has invested ₦202.4 billion, a 159per cent increase year-on-year, to upgrade and expand network infrastructure, enhancing service quality and capacity. According to its unaudited results for first quarter (Q1) ended 31 March 2025 released yesterday, the telco also said its total subscribers increased by 8.2per cent to 84.1 million,…
The Federal Ministry of Livestock Development has unveiled plans to scale Nigeria’s national livestock herd to 398.9 million through a structured feed and fodder policy aimed at transforming the sub-sector. Speaking at the validation workshop for the National Animal Feed and Fodder Policy held in Abuja, Minister of Livestock Development, Idi Maiha, emphasised the strategic…
A fintech company, payZeep, has announced an initiative to subsidize mobile data costs for e-hailing drivers, under the umbrella of the Amalgamated Union of App-Based Transporters of Nigeria (AUATON). The initiative is a response to the growing alarm over skyrocketing mobile data expenses raised by members of AUATON. Although, there is already an existing collaboration…
The global crude oil market continues its turbulent descent, driven largely by the unpredictable tariff regime of United States (U.S) President Donald Trump, with rippling effects now hammering Nigeria’s oil-dependent economy, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Speaking at the State House yesterday during the Meet-the-Press series organised by the…
