The Pan-Yoruba socio-political organization, Afenifere, has expressed concerns over the economic direction under President Bola Ahmed Tinubu, describing his administration’s “Renewed Hope” as a “nightmare” for Nigerians. In a statement …
Nigerian economy
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EconomyGOVERNMENTNigeriaPoliciesPolitics
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesMarketsNigeria
ABCON Warns Over Three Million Nigerians May Lose Livelihood as BDCs Struggle to Meet New Capital Requirement
The Association of Bureau De Change Operators of Nigeria (ABCON) has raised serious concerns about the impact of the Central Bank of Nigeria’s (CBN) new capital requirements for Bureau De …
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BusinessBusiness PoliciesEconomyFinance & ServicesGOVERNMENTMarketsPolicies
Despite Economic Hardship, Nigeria’s Capital Market Remains Strong Under Tinubu — Amolegbe
The Managing Director and Chief Executive Officer of Arthur Stevens Asset Management Limited, Olatunde Amolegbe, has said that Nigeria’s capital market has been one of the few bright spots in …
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AFRICA NEWSBusinessEconomyEnergyNewsOil & GasTrade and Commerce
Dangote Refinery Cuts Nigeria’s Fuel Imports, South Africa Becomes Africa’s Biggest Petroleum Product Importer
Nigeria has lost its position as Africa’s largest importer of refined petroleum products after the Dangote Petrochemical Refinery ramped up operations earlier this year. According to a new report by …
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BusinessDangote IndustriesEconomyInfrastructureManufacturingNigeriaOil & Gas
Dangote Plans Massive Fertiliser, Coal, and Oil Export, Eyes $7m Daily Revenue
The President of Dangote Industries Limited (DIL), Aliko Dangote, has said that his company is preparing to begin massive exportation of fertiliser, coal, polypropylene, and refined petroleum products in the …
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BusinessEconomyFinance & ServicesINVESTMENTNigeriaTrade and Commerce
World Bank Flags Nigeria’s Weak FDI Performance as Afreximbank Pushes for African-Led Investment
Nigeria’s foreign direct investment (FDI) has continued to perform below expectations, with the World Bank revealing that the country attracted less than one per cent of its GDP in FDI …
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BusinessEconomyGOVERNMENTManufacturingPoliciesTrade and Commerce
Innoson Boss Backs Nigeria-First Policy, Says It Will Revive Local Industry and Attract Global Investors
Founder of Innoson Vehicle Manufacturing Company Ltd (IVM), Chief Innocent Chukwuma, CON, has applauded the Federal Government’s newly approved Nigeria-First policy, stating that it has the potential to transform Nigeria’s …
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BusinessDevelopmentEconomyInnovationNigeria
SMEDAN Rallies Stakeholder Support Ahead of MINE FEST 2025 to Boost Nigerian Economy
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has called for deeper collaboration with stakeholders as part of a strategic push to bolster Nigeria’s economy through support for …
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DevelopmentEconomyGOVERNMENTInnovationLabourNigeriaPoliciesTechnology
ILO Cautions on AI’s Labour Impact, Urges Nigeria and Others to Plan for Inclusive Transition
The International Labour Organisation (ILO) has said artificial intelligence (AI), especially generative AI, has the power to change the global labour market. But it also warned that if not well …
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BusinessDevelopmentEconomyFinance & ServicesGOVERNMENTINVESTMENTMarketsNigeriaPolicies
Finance Minister Wale Edun Says Capital Market Key to $1 Trillion Nigerian Economy
The Minister of Finance, Mr. Wale Edun, has said Nigeria’s capital market will play a major role in helping the country achieve its goal of becoming a one-trillion-dollar economy. Edun …