President Bola Tinubu says the ongoing construction of road infrastructure across satellite towns of the Federal Capital Territory (FCT) is to inject life into the local economy. Tinubu, represented by Vice-President Kashim Shettima made the remarks in Abuja on Monday, while inaugurating the newly rehabilitated and expanded Karu township roads. He said that the Karu…
Moniepoint Inc. has acquired Orda Africa to strengthen its presence in Africa’s fast-growing food service sector valued at about 50 billion dollars. Orda Africa (“Orda”) is a leading cloud-based restaurant management platform operating in Nigeria. The acquisition will integrate Orda into Moniepoint’s Moniebook platform, an all-in-one point-of-sale and business management solution launched in 2025. The…
The Minister of Communications, Innovation and Digital Economy, Mr. Bosun Tijani, says Nigeria’s digital economy sector is projected to contribute 21 per cent to the country’s Gross Domestic Product (GDP) by 2027. Tijani disclosed this on Monday at a one-day public hearing on the National Digital Economy and E-Governance Bill 2025, organised by the Senate…
The Nigerian Senate has taken a major step toward green mobility by passing the second reading of a bill aimed at supporting the adoption and production of electric vehicles (EVs) across the country. The bill, sponsored by Senator Orji Uzor Kalu, proposes a comprehensive framework to guide the nation’s gradual transition from fossil fuel-powered vehicles…
The Federal Government has unveiled a new National Marine and Blue Economy Policy aimed at reducing logistics costs, boosting trade competitiveness, and attracting private sector investment into the maritime and transport sectors. Minister of Marine and Blue Economy, Adegboyega Oyetola, disclosed this on Wednesday at the 2025 Transportation Correspondents Association of Nigeria (TCAN) Annual Summit…
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…
The Senator representing Osun East, Francis Fadahunsi, says President Bola Tinubu should be commended for saving the country’s economy from total collapse. Fadahunsi, a former member of the Peoples Democratic Party (PDP), said this while speaking with newsmen on Tuesday in his country home, Ilase-Ijesa, Obokun Local Government Area of the state. The News Agency…
A former Minister of Education, Dr. Oby Ezekwesili, and the Minister of Interior, Dr. Olubunmi Tunji-Ojo, on Monday clashed over the state of Nigeria’s economy during a panel discussion at the ongoing Annual Conference of the Nigerian Bar Association (NBA) in Enugu. Ezekwesili raised concerns about Nigeria’s soaring inflation, warning that it disproportionately hurts the…
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…
Nigeria has revised the methodology for calculating its Gross Domestic Product (GDP), significantly increasing the size of the economy to ₦372.8 trillion in 2024, following a rebasing exercise by the National Bureau of Statistics (NBS). The update shifts the GDP base year from 2010 to 2019, bringing the country’s national accounting system in line with…
