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Leadway Assurance and the Presidential Food Systems Coordinating Unit have disbursed N396.7 million to support farmers for the 2025 season. State governments are encouraging farmers to adopt agro-insurance for better resilience against losses.
The article discusses Taiwan's significant economic influence despite its political isolation. It raises questions about loyalty and political support in the context of international relations.
The naira experienced some pressure in the official foreign exchange market due to tightening liquidity. Additionally, Nigeria's reserves have seen a decline, impacting the currency's performance.
NUPENG warns that job losses and the suppression of workers' rights in Nigeria's oil sector are escalating due to subsidy removal and unfair practices. The union highlights the urgent need for intervention to protect oil workers.
Abdullahi Usman calls for self-reliance and agricultural reform to promote sustainable growth in Nigeria. He emphasizes the need for stricter regulations and value addition in the mining sector.
DR Congo plans to enhance security at its mining sites using a paramilitary unit. This move aims to protect its significant cobalt, copper, coltan, and lithium resources.
Nigeria's external reserves have declined after previously gaining. This fluctuation is influenced by oil revenue changes and foreign exchange interventions.
Nigerian women are playing a pivotal role in transforming the economy with their ambition and strategic initiatives. Their contributions are becoming increasingly visible and impactful.
A recent global report highlights that two-thirds of the world's hunger is concentrated in just ten countries. This alarming statistic underscores the urgent need for targeted interventions in these regions.
The Debt Management Office (DMO) aims to raise ₦700 billion in the upcoming FGN bond auction. This move occurs in a context of high yields in the fixed-income market and ongoing liquidity management by the Central Bank of Nigeria.
Mo’Afrique has launched a new garment factory in Nigeria to help reduce the country's $6 billion clothing import bill. This initiative aims to boost local production and support the economy.
The dollar is facing instability as traders evaluate the impact of faltering US-Iran negotiations. This situation is exacerbated by rising oil prices and inflation, which threaten global economic growth.
Gadain emphasizes the need for Nigeria to add value to its agricultural products to combat a N2.5 trillion export deficit. He warns against reliance on imports and advocates for investments in processing and export competitiveness.
A union has threatened legal action against governments failing to pay gratuities in Nigeria's pension system scandal. This highlights ongoing issues within the pension framework that affect many retirees.
Oil prices have increased while stock markets show volatility amid uncertain peace talks. The situation remains fluid as diplomatic discussions unfold.
The European Central Bank is expected to maintain its interest rates amid rising inflation concerns. This decision comes as tensions related to the Iran crisis could further impact economic stability.
The British Pound is experiencing notable fluctuations against the Nigerian Naira. This reflects ongoing adjustments in the global currency markets.
The Nigerian Naira shows relative stability as April 2026 comes to a close. The foreign exchange market is adjusting to changing liquidity levels.
The CPPE has raised concerns about the unsustainable aviation costs in Nigeria, despite recent debt relief efforts. They emphasize that high operational costs continue to hinder the sector's growth.
Nigerian fish farmers are facing challenges in capturing a larger market share despite a 21% increase in demand for fish imports. This situation highlights the competitive nature of the aquaculture sector in Nigeria.
VASPA aims to integrate $92.1 billion in virtual assets into Nigeria's formal economy. This initiative seeks to enhance economic growth by bridging existing gaps in the sector.
PwC is encouraging South African investors to engage in Nigeria's oil sector to ensure a reliable crude supply. The initiative aims to enhance Africa's energy value chain through joint capital mobilization and strategic partnerships.
Dangote Refinery's jet fuel exports have increased by 770% over the past two years due to rising global demand. This surge highlights the refinery's growing impact on the oil market.
Ayodele Subair credits President Tinubu for the significant increase in Lagos State's Internally Generated Revenue. This acknowledgment highlights the administration's impact on the state's financial growth.
The Nigerian Exchange Limited (NGX) is now the second best performing stock market in Africa, with a year-to-date increase of 45.05%. This surge follows Nigeria's reclassification to a Frontier market by FTSE Russell.
Stakeholders emphasize that Nigeria's public finance improvement relies on effective tax authority management rather than just new taxes. They highlight Lagos' 2025 revenue blueprint as a key model for national revenue growth.
Waltersmith Petroman Oil Limited has successfully doubled its refining capacity to 10,000 barrels per day. This expansion is a significant step in Nigeria's energy sector development.
Experts emphasize the need for Nigeria to adopt resource-driven industrialization to boost economic development. They warn that without this shift, the country's economic progress may remain stagnant.
Dr. Idris Olugbesan emphasizes that access to capital and technology is crucial for the growth of SMEs in Nigeria. He believes these factors will shape the future landscape of small and medium enterprises.
The Ogun State Government has inaugurated a new manufacturing facility by Summit Household Solutions Limited in Ota. This development enhances the state's reputation as a key industrial hub in Nigeria.