The Deputy Speaker, Nigeria’s House of Representatives, Benjamin Kalu has said the reform efforts of President Bola Tinubu increased the nation’s trade surplus to N3.42 trillion ($2.25 billion) in the fourth quarters of 2024, driven by increased exports. Kalu who spoke at the inauguration of over 20,000 new members of the Renewed Hope Partners (RHP)…
The Federal Government is targeting a substantial bite of the $1 trillion global outsourcing industry with the relaunch of the National Talent Export Programme (NATEP) which will position Nigeria’s youth as a world-class talent pool for digital and professional services. Federal Ministry of Industry, Trade and Investment led by the Minister, Dr. Jumoke Oduwole, championed…
The Nigerian Exchange Group (NGX), yesterday, said policy inconsistency, currency woes must be tackled to achieve the Federal Government’s proposed $1 trillion economy. Chairman of the Nigerian Exchange Group (formerly the Nigeria Stock Exchange) Dr Umaru Kwairanga made the call in Lagos. He said these were challenges that must be surmounted if that economic milestone…
Prominent Nigerian businessman Femi Otedola and other major investors have expressed renewed confidence in the Federal Government’s economic reform agenda and pledged to deepen their investments in sectors vital to the country’s inclusive growth and competitiveness. Otedola made this known during a courtesy visit to the Minister of Finance and Coordinating Minister of the Economy,…
The Association of Nigerian Refineries Petroleum Marketers (ANRPM), in conjunction with its Board of Trustees, has hailed President Bola Tinubu, on his second anniversary in office. The association noted that over the period, Nigeria has witnessed notable strides across various sectors, driven by visionary leadership, including a renewed focus on the blue economy. In a…
A UK-based company that allows users to buy, sell, and trade cryptocurrencies, Blockchain.com, plans to open a physical office in Nigeria in Q2 2025 and expand into Ghana, Kenya, and South Africa. The move, first reported by Bloomberg, marks a significant push into African markets amid growing regulatory clarity across the continent. The Nigeria expansion…
Senate President, Godswill Akpabio and other stakeholders have called for a radical shift in the continent’s approach to natural resource management, urging nations to abandon the historical role of merely supplying raw materials to the global market while others profit from innovation, branding, and economic control. The call was made in Abuja yesterday during the…
The Central Bank of Nigeria (CBN) will continue to grow the nation’s net foreign reserves beyond the level stipulated by the International Monetary Fund (IMF) to ensure the economy remains safe and healthy, CBN Governor Olayemi Cardoso, said yesterday after the Monetary Policy Committee (MPC) meeting, where key interest rates were held steady for the…
Despite the fluctuations in global crude oil prices, Dangote Petroleum Refinery and Petrochemicals, yesterday assured that it will ensure a stable price of the commodity. The company, in a release, signed its Group Chief Branding and Communications Officer, Anthony Chiejina, said the decision to maintain price stability reflects its unwavering commitment to supporting the Nigerian…
