Trade between the United Kingdom and Nigeria has reached an unprecedented £7.9 billion (₦16 trillion), Britain’s High Commissioner to Nigeria, Richard Montgomery, has announced. In an interview in Abuja, Montgomery credited the surge to the UK-Nigeria Enhanced Trade and Investment Partnership (ETIP), which is designed to deepen bilateral trade by tackling non-tariff barriers and aligning…
The Nigerian government has disclosed that it channelled about ₦330 billion into social safety net programmes between January and September 2025, as part of efforts to shield the most vulnerable families from the harsh effects of economic restructuring. Finance Minister Wale Edun, speaking at a joint briefing with the National Social Safety Net Coordinating Office…
Dr Michael David, Executive Director, Global Initiative for Food Security and Ecosystem Preservation (GIFSEP) says Africa needs about 53 billion dollars grant to enhance food sovereignty. David said this in Abuja on Wednesday, at the Civil Society Organisations (CSOs) and Media Workshop on Climate Adaptation. According to him, we need the right finance to impact…
The Independent Media and Policy Initiative (IMPI), a Nigerian policy think-tank, has projected that Nigeria’s headline inflation will fall to 17 per cent by December. The IMPI Chairman, Dr Omoniyi Akinsiju, in a statment on Wednesday, said the projection would be recorded, following consecutive declines that brought the figure down to 20.12 per cent in August. Akinsiju…
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…
