The Central Bank of Nigeria (CBN) says it is pursuing economic reforms aimed at refocusing financial system stability and stimulating productivity. The CBN Governor, Olayemi Cardoso, who disclosed this on Tuesday at its fair, holding in Kano, said it’s working hard to deepening financial inclusion and sustaining monetary and price stability. The theme of the…
Nigeria’s Vice-President Kashim Shettima has said President Bola Tinubu’s reforms are reshaping the economy and opening new doors for global partnerships. Shettima spoke on Monday in Abuja during a meeting with a VISA delegation led by Tareq Muhmood, the company’s Regional President for Central and Eastern Europe, the Middle East and Africa (CEMEA). He described…
Shareholders of Dangote Cement Plc have earned more than N3.3 trillion in dividends over the past 15 years, alongside significant capital gains from the stock, the company disclosed during its “Facts Behind the Figures” presentation at the Nigerian Exchange (NGX) on Wednesday. The session was led by the company’s new Chairman, Mr. Emmanuel Ikazoboh, who…
West Africa’s regional bloc ECOWAS is preparing to launch a private sector-led Business Council (EBC), described as a transformational platform to boost economic integration, competitiveness and cross-border trade. The ECOWAS Commissioner for Economic Affairs and Agriculture, Massandje Toure-Litse, said in Abuja that the EBC was “designed by private sector leaders, for private sector leaders” and…
The Nigerian Stock Exchange has witnessed extraordinary gains since President Bola Tinubu took office, with the All-Share Index nearly tripling in just over two years, according to the Tinubu Media Support Group (TMSG). In a statement issued on Wednesday, the group credited the surge to sweeping economic reforms aimed at restoring investor confidence. “The ASI…
The Abuja Electricity Distribution Company (AEDC), on Wednesday said that the the national grid collapsed at about 11.23 a.m. The company made this known on its verified twitter handle in Abuja. It said; ”please be informed that the power outage currently being experienced is due to a loss of supply from the national grid at…
Plateau State Governor Caleb Mutfwang has commissioned a newly constructed market in Bukuru, Jos South, aimed at creating safer and more inclusive spaces for small businesses. The project, spearheaded by the Jos Metropolitan Development Board (JMDB), features over 470 shops, lock-ups, warehouses, and stalls, along with space for up to 2,000 hawkers. It is part…
Benue State authorities have launched a housing development in Makurdi designed to bring down rental costs and provide more affordable homes for residents. Governor Hyacinth Alia, represented by Deputy Governor Dr Sam Ode, on Wednesday flagged off the construction of Eco City, a 32-unit housing estate. The initiative is a key element of the state…
The Federal Government has no immediate plans to implement the five per cent fuel surcharge contained in the newly signed Tax Administration Act 2025. Mr Wale Edun, the Minister of Finance and Coordinating Minister of the economy, said this at a news conference in Abuja on Tuesday He said that the surcharge was a long-standing…
Fuel distribution in parts of Nigeria is set to normalise after the Independent Petroleum Marketers Association of Nigeria (IPMAN), Western Zone, announced the suspension of its strike. The association said the decision, effective 9 September, followed successful negotiations with Dangote Group and the oil workers’ union NUPENG over disputes involving alleged anti-labour and monopolistic practices….
