The Federal Government has announced plans to establish new industrial hubs in four states as part of a broader strategy to boost Nigeria’s economy through manufacturing and innovation. This was …
Economy
- AfricaAgricultureBusinessDevelopmentEconomyGOVERNMENTManufacturingTrade and Commerce
- Banking, Finance & InvestmentBusinessBusiness InsightsEconomyFinance & ServicesFintechNigeriaTechnology
Nigerian Loan Recovery Firm, Mida Technologies, Achieves 40% Success with Tech and Empathy
A Nigerian loan recovery company, Mida Technologies, says it is recovering up to 40 per cent of bad loans by using a human-focused approach supported by technology, breaking away from …
- BusinessDevelopmentEconomyEnergyFinance & ServicesInfrastructureNigeria
First Electric, REAN Seal Deal to Boost Solar Access with Flexible Payment Plan
First Electric, a top solar energy provider in Nigeria, has signed a landmark cooperation agreement with the Renewable Energy Association of Nigeria (REAN) aimed at expanding access to solar energy …
- BusinessBusiness InsightsDevelopmentEconomyLeadershipNigeriaOil & GasPoliticsWestern Africa
Goodluck Jonathan Says Western Oil Firms Failed to Develop Nigeria, Blames Lack of Local Content and Weak Laws
Former President Goodluck Jonathan has said that the Western oil companies that discovered crude oil in Nigeria failed to develop the country because they did not transfer technical knowledge or …
- AfricaASIADevelopmentDigital EconomyEconomyEnergyFinance & ServicesInfrastructureInternational RelationsINVESTMENT
EAAIF secures $325m for infrastructure expansion
The Emerging Africa & Asia Infrastructure Fund (EAAIF), a private infrastructure group managed by Ninety-One, has secured a fresh $325 million in debt funding to support infrastructure projects across Africa …
- AfricaAFRICA NEWSAviationBusinessEconomyInfrastructurePoliciesTravel & Tourism
Nigerians Defy Visa Hurdles as International Travel Projected to Earn More in 2025
Despite the tightening of visa requirements by countries like the United States, the United Kingdom, and several Schengen states, industry experts predict that international travel from Nigeria will generate higher …
- Banking, Finance & InvestmentBusinessBusiness InsightsBusiness PoliciesEconomyFinance & ServicesGOVERNMENTMarketsOil & GasPolicies
CBN Holds Interest Rate Steady Amid Stronger FX Stability and Rising Reserves
The Central Bank of Nigeria (CBN) has decided to keep its interest rate steady at 27.5 per cent. This decision was announced after the bank’s 300th Monetary Policy Committee (MPC) …
- DevelopmentEconomyGOVERNMENTInfrastructurePoliticsTransportation & Logisitics
FCT Proposes N137 Billion for Satellite Towns in 2025 Budget as Wike Unveils N1.29 Trillion Capital Plan
The Federal Capital Territory (FCT) Administration has proposed a total of N137 billion as capital expenditure for the Satellite Towns Development Department (STDD) in the 2025 statutory budget, reflecting a …
- EconomyFinance & ServicesGOVERNMENTINVESTMENTMarketsNigeria
Federal Government Plans to Raise N300bn from Bond Market on May 26
The Federal Government of Nigeria has announced plans to raise N300 billion from the bond market through an auction scheduled for Sunday, May 26, 2025. The move is part of …
- EconomyEnergyGOVERNMENTINVESTMENTLeadershipNigeriaOil & Gas
Tinubu Charges New NNPC Board to Drive Economic Transformation, Boost Oil Output
President Bola Ahmed Tinubu has tasked the newly inaugurated board of the Nigerian National Petroleum Company Limited (NNPCL) with the critical responsibility of using their industry experience and expertise to …