China has unveiled a series of measures to implement the trade accord agreed by President Xi Jinping and U.S. President Donald Trump following their recent talks. In a statement on Wednesday, the Chinese Ministry of Commerce confirmed that the 24 per cent tariffs imposed in April on a range of American imports — and later…
President Bola Ahmed Tinubu has requested the approval of the National Assembly to borrow ₦1.15 trillion from the domestic debt market to help finance the deficit in the 2025 federal budget. At the same time, the Debt Management Office (DMO) is preparing to raise $2.3 billion from the international capital market this week in what…
The Kano State Executive Council, under the leadership of Governor Abba Yusuf, has approved over ₦19 billion for the execution of development projects across several sectors of the state. Briefing newsmen after the council meeting on Sunday in Kano, the Commissioner for Information and Internal Strategy, Ibrahim Waiya, said the projects cut across education, health,…
Kaduna State Governor, Uba Sani, says his government has invested €10 million in Arla Farm, Damau, to boost milk production and expand the livestock value chain. Represented by the Secretary to the State Government, Dr AbdulKadir Mayere, Sani said the investment, made in 2023, aims to enhance productivity, attract investment, and create jobs. “At full…
A Nigerian court has rescheduled hearing to 5 November in a ₦100 billion lawsuit filed by Dangote Refinery against the Nigerian National Petroleum Company Limited (NNPCL) and regulatory authorities, following the judge’s absence at Wednesday’s sitting. The case centres on an alleged import licence dispute, with Dangote Refinery accusing the NNPCL and other agencies of…
The Customs Area Controller of Apapa Command, Comptroller Emmanuel Oshoba, has announced plans to partner with the Port Police Command to end the persistent traffic gridlock around the Apapa Port corridor in Lagos. Oshoba made this known on Tuesday during a courtesy visit by Commissioner of Police, Port Authority Command, Toyin Agbaminoja, to the Customs…
The Bank of Industry (BoI) has called on Nigerian MSMEs to adopt Environmental, Social and Governance (ESG) practices to enhance competitiveness, growth, and resilience in the global economy. Speaking at the BoI inaugural ESG Conference in Lagos, which also launched the ESG Adoption by Nigerian MSMEs report, BoI Managing Director Dr Olasupo Olusi emphasised that…
Cross River State Governor Bassey Otu presented the state’s ₦780.6 billion 2026 budget, themed “Budget of Inclusive Growth,” to the State House of Assembly on Tuesday. Governor Otu said the budget reflects his People First philosophy and a commitment to the sustainable development and prosperity of Cross River. The plan, developed following consultations with civil…
Nigeria’s Federal Government has obtained about ₦700 billion from the Federation Account Allocation Committee (FAAC) to deploy 1.1 million electricity meters nationwide by the end of 2025, the Minister of Power, Adebayo Adelabu, has announced. Adelabu made this known at the 2025 Nigerian Energy Forum in Lagos on Tuesday, themed “Powering Nigeria through Investment, Innovation,…
Amb Bianca Ojukwu, Nigeria’s Minister of State for Foreign Affairs, has called on small and medium-sized enterprises (SMEs) in the South-East to embrace the ECOWAS Trade Liberalisation Scheme (ETLS) as a tool to grow their businesses and compete in the wider West African market. Speaking at a sensitisation workshop in Enugu on Tuesday, Ojukwu said…
