Nigeria and Brazil have officially signed the commercial phase of the $1.1 billion Green Imperative Project (GIP), marking a significant step toward enhancing food security and agricultural productivity in Nigeria. This coming six years after its initial agreement. Speaking at the signing ceremony of the deal at the Presidential Villa, Abuja, Vice President Kashim Shettima,…
As a result of the fall in the cost of food, fuel and gas, the headline inflation eased from 24.48 per cent in January 2025 to 23.18 per cent in February this year. The National Bureau of Statistics (NBS) made this known yesterday in its document titled: Consumer Price Index (CPI) February 2025. It added…
The Director-General, Nigeria Civil Aviation Authority (NCAA), Capt. Chris Najomo has approved the resumption of domestic flight operations of Max Air following the successful completion of an economic and safety audit. Max Air voluntarily suspended its domestic operations for 90 days after a series of incidents on its flights. The decision took effect from midnight…
President of Dangote Industries Limited, Aliko Dangote, has disclosed his plan to build a multi-billion-dollar seaport, which will be the largest in Nigeria in Ogun State. He also said two new lines with a capacity of 6.0 million metric tons per annum for the cement plant is being constructed at Itori Addressing the Ogun State…
Nigeria, Africa’s largest oil producer, has set a long-term ambitious target of achieving a seven per cent yearly Gross Domestic Product (GDP) growth rate to reduce poverty and sustain national development. For this year, the economy is projected to grow by 4.6 per cent, setting the foundation for this ambitious goal. Minister of Finance and…
The Economic and Financial Crimes Commission (EFCC), Nigeria’s economic crimes commission said it recovered nearly $500 million in proceeds of crime last year and secured more than 4,000 criminal convictions, its highest since the agency’s inception more than two decades ago. Africa’s biggest energy producer, Nigeria has struggled for decades with endemic corruption, which many…
The Housing Development Advocacy Network (HDAN) has called on President Bola Tinubu and the National Assembly to incorporate tax relief measures for developers of social housing and building materials in the proposed Nigeria Tax Bill 2024. A statement endorsed by its Executive Director, Festus Adebayo, emphasized that excessive taxation could hinder the delivery of affordable…
Managing Director, Rural Electrification Agency (REA), Engr. Abba Aliyu has said the Federal Government has approved the establishment of N500 million Renewable Asset Management Company targeted at raising N1 trillion for intervention in the industry in the absence of loans and grants. He spoke during the signing of a Memorandum of Understanding (MoU) with 10…
Nigeria’s power sector, electronic commerce and real estate have emerged lowest in customer service index released by the Nigeria Customer Service Index (NCSI) yesterday in Lagos. Entitled: State of Customer Service in Nigeria Report for 2024, the report showed that the e-commerce sector with big players such as Konga, Jumia took a hit declining from…
