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The Federal Government has announced plans to revive Nigeria's textile sector, aiming to create 1.5 million jobs. This initiative comes in response to a drastic 95% decline in the country's cotton production.
Nigeria and several West and Central African countries have pledged over $27 billion for port infrastructure expansion. This initiative aims to enhance regional trade integration and boost economic growth in the sub-region.
The NSDC CEO, Kamar Bakrin, emphasized that enhancing Nigeria's sugar industry could tackle unemployment and insecurity. This development is expected to create numerous jobs and improve rural communities.
The NRS leadership has been commended for its effective compliance reforms and efforts to enhance sustainable revenue. This recognition highlights the importance of economic resilience in national development.
Nigeria's pension system is finally providing returns that match inflation for the first time in seven years. This development is a significant relief for contributors who have long awaited better returns on their investments.
The Africa Finance Corporation has committed $100 million to support technology fund managers focused on Africa. This investment aims to drive the continent's digital industrialization efforts.
Nigeria is enhancing its port capacity and enacting significant maritime reforms to boost regional trade. Minister Adegboyega Oyetola emphasized these efforts as vital for economic growth.
The Industrial Training Fund (ITF) is investing N3.6 billion in business incubation and training for artisans. This initiative includes launching a global certification program to enhance skills and opportunities for artisans.
Nigeria's ginger export has plummeted from N26 billion to zero over three years due to blight disease and rising costs. This decline represents a significant setback for the country's non-oil export ambitions.
The upcoming Eid al-Adha festival highlights the financial struggles many Nigerians face. As the celebration approaches, concerns about economic hardships and empty pockets are prevalent.
The Naira has depreciated to N1,395 per dollar in the parallel market, down from N1,390. It also fell to N1,373.5 in the Nigerian Foreign Exchange Market.
Kwara Garment Factory has partnered with KWS Garment Production Village to enhance Nigeria's textile and apparel manufacturing sector. This collaboration is expected to significantly boost local production capabilities.
Food inflation in Nigeria has surged to 16.06%, with 11 states experiencing rates exceeding 20%. This rise is contributing to the increasing cost of living across the country.
FCMB boosts financial literacy by promoting a savings culture among students across Nigeria, teaching essential money management and budgeting skills.
Nigerian crude oil prices are approaching $120 per barrel amid the ongoing US-Iran crisis. This surge is attributed to the closure of the Strait of Hormuz and escalating regional tensions.
A new report by Verraki reveals a $12 billion investment opportunity in Nigeria's healthcare sector. The report emphasizes the potential for private sector involvement in addressing the challenges faced by the healthcare system.
The National Sugar Development Council believes Nigeria's sugar industry can enhance the economy and address unemployment and insecurity. Mr. Kamar Bakrin emphasizes the sector's potential for significant growth.
Wole Ogunsanya, Chairman of PETAN, has urged Nigeria to seek new buyers for its oil as the UAE's exit poses risks to market stability. This call comes amid concerns over the impact on Nigeria's oil production and revenue.
Nigeria's crude oil production has increased to approximately 1.66 million barrels per day, which is a positive development. However, experts caution that this rebound should not be seen as a significant achievement given the ongoing challenges in the sector.
Global oil demand is projected to contract by 420,000 barrels per day (bpd) in 2026 as the ongoing Middle East conflict continues to disrupt supply flows and trigger extreme volatility
The Nigeria Inland Revenue Service (IRS) has filed a six-count criminal charge against oil and gas firm Saipem Contracting Nigeria Limited and two of its senior Directors, Michele Poggi and
Lagos Police Command on Monday, rescued at least 15 persons who sustained injuries in a fracas that erupted during the Alimosho All Progressives Congress, APC West Senatorial District primary on Monday. The post How police foiled violence at APC senatorial primary in Lagos appear...
The lender stated that the fundraising’s pricing and timing will be determined by its Board, and will be subject to the approval of relevant regulatory authorities. The post Sterling Holdco to raise fresh $400 million through debt, equity instruments appeared first on Premium T...
The tax authority urged MDAs, financial institutions, and other concerned bodies to commence adopting the Tax ID system, to replace the existing TIN Validation API, through the NRS. The post NRS, JRB to implement Tax ID system appeared first on Premium Times Nigeria.
The naira depreciated slightly on Monday in the official foreign exchange (FX) market as liquidity at the Nigerian Foreign Exchange read more Naira down slightly as FX liquidity drops by 55.23%
Liquidity inflows into Nigeria’s financial system are projected to surge sharply this week, rising from an estimated N1.13 trillion recorded read more OMO repayments to push banking system liquidity to N3tn this week
A new supply chain framework developed for African markets has received strong backing from industry practitioners, academics, and a federal read more African supply chain framework earns 99% rating from industry leaders
Foreign exchange (FX) spending on Nigeria’s transport services almost doubled in two years, indicating rising dollar demand in the sector read more FX spending on transport services jumps 98% in two years
Europe's biggest economy has set a legally binding 2030 target to cut greenhouse gas emissions by 65 percent compared with 1990 levels. The post Germany Set To Miss 2030 Climate Goal — Experts appeared first on Channels Television.
By Leye | CEO, Intense Digital Generating more leads is not a growth strategy. This will irritate some marketing professionals. read more Nigerian Brands Are Obsessed With Leads. But Leads Don’t Pay Salaries. Revenue Does