Nigeria has taken another step toward strengthening its gas supply chain with the commissioning of a new 40,000 cubic meters (CBM) Liquefied Petroleum Gas (LPG) vessel in Ulsan, South Korea. President Bola Tinubu, represented by the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, inaugurated the carrier on Monday, affirming his administration’s resolve to…
The minister of finance and coordinating minister of the economy, Wale Edun, says the Nigerian economy is experiencing consistent growth within the context of global developments and ongoing domestic reform programmes. Mr Edun said this at a news conference to provide an update on the economy in Abuja on Thursday. He said that Nigeria’s…
President Bola Tinubu will depart Abuja on Thursday, August 14, for a two-nation trip to Japan and Brazil, with a brief stopover in Dubai, United Arab Emirates. Presidential spokesman Bayo Onanuga said Tinubu will attend the Ninth Tokyo International Conference on African Development (TICAD9) in Yokohama, Japan, from August 20 to 22. Themed “Co-create Innovative…
President Bola Tinubu’s strategic decisions are reshaping Nigeria’s economy and the maritime sector is emerging as one of the biggest beneficiaries, says the Executive Secretary of the Nigerian Shippers Council, Mr Pius Akutah. Akutah stated this on Tuesday in Abuja during an interaction with journalists from Benue under the aegis of the Conference of Benue…
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…
