Minister of Information and National Orientation, Alhaji Mohammed Idris, says Nigeria’s economy has continued to receive positive recognition from global rating agencies, reflecting growing confidence in the country’s economic direction. Idris stated this after a meeting with Governor of Imo and Chairman of Progressive Governors’ Forum, Hope Uzodimma, on Tuesday in Abuja. According to him,…
The Federal Inland Revenue Service (FIRS) has launched a new electronic invoicing solution to transform how businesses pay taxes in Nigeria, a move that will make tax compliance faster, easier, and more transparent. The Executive-Chairman, FIRS, Dr Zacch Adedeji, disclosed this in a statement by Dare Adekanmbi, his Special Adviser on Media in Abuja on…
Customers of various banks have continued to lament over the numerous debit alerts from their accounts in spite of their appeals to banks. Some of them who spoke to the News Agency of Nigeria (NAN) in Abuja on Sunday, ,ppealed to the Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation (NDIC) and other…
The Ministry of Finance Incorporated (MOFI) has announced that the Federal Government’s investment assets—valued at ₦38.3 trillion—are currently undergoing a comprehensive audit and reform process aimed at strengthening transparency and corporate governance in public enterprises. The Chief Executive Officer of MOFI, Dr. Armstrong Takang, disclosed this during the inauguration of the 2025 Guidelines on Corporate…
The International Monetary Fund (IMF) has projected global economic growth at 3.0 per cent in 2025 and 3.1 per cent in 2026, as significant policy changes continue to shape the global economic landscape. This is contained in the IMF’s July 2025 World Economic Outlook (WEO) Update, titled “Global Economy: Tenuous Resilience amid Persistent Uncertainty”, released…
The Abuja Electricity Distribution Company (AEDC) has announced that its technical team is working tirelessly to restore electricity to several areas in the Federal Capital Territory (FCT) currently experiencing power outages. In a statement posted on its verified Twitter handle on Monday, the company attributed the outage to a technical fault. “Dear valued customers in…
Vice-President Kashim Shettima has revealed that Nigeria is harnessing Artificial Intelligence (AI) and other modern technologies to improve food production, enhance transparency, connect producers to markets, and reduce waste across the agricultural value chain. Shettima made this statement during the opening session of the United Nations Food Systems Summit Stocktake (UNFSS+4), held on Monday in…
Vice-President Kashim Shettima has arrived in Addis Ababa, Ethiopia, to attend the second United Nations (UN) Food Systems Summit, taking place from July 27 to 29. According to the News Agency of Nigeria (NAN), Shettima’s aircraft touched down at the Bole International Airport around 4:26 p.m. local time, where he was received by Ethiopia’s Deputy…
Nigeria exceeded its OPEC crude oil production quota of 1.5 million barrels per day (bpd) in June, marking the second time it has surpassed the allocation in 2025. OPEC’s Monthly Oil Market Report (MOMR) for July, 2025, obtained by the News Agency of Agency of Nigeria (NAN) revealed that Nigeria recorded 1,505mbpd crude oil production…
Lesetja Kganyago, South African Reserved Bank (SARB) governor said U.S. tariffs on South Africa could cause around 100,000 job losses, with the agriculture and automotive sectors hardest-hit. Kganyago told local radio station 702 that the impact of the 30 per cent tariff, which Africa’s biggest economy faces from August 1, could cause significant damage to…
