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Import restrictions on textiles are threatening Nigeria's N17 trillion fashion and furniture industries, potentially putting 10 million jobs at risk. The Centre for the Promotion of Private Enterprise is urging the Senate to reconsider the ban in favor of competitiveness reforms.
Kehinde Onasanya, the former Head of Service in Ogun, encourages diaspora indigenes to invest in Ogun State, emphasizing its economic potential. He highlights the state's growth and business opportunities available for investors.
SMEDAN has secured $12 million in funding from South Korea to establish a Skills Acquisition Centre and has launched a N500 million zero-interest Grow Fund for Nigerian MSMEs. This initiative aims to empower small businesses and enhance skills development in the sector.
The troops engaged the attackers in a fierce gun battle, neutralising two suspected terrorists identified as Dantaraba and Golozo. The post Troops foil terrorist attack, recover arms at Benue yam market appeared first on Premium Times Nigeria.
Radiant diGiLog, an AI-powered workforce management and employee productivity platform has been introduced across multiple markets including Nigeria, the United read more Radiant diGiLog rolls out AI platform to boost global workforce productivity
Kwari Market is kept alive by the resilience, adaptation, and determination of thousands of traders and workers who depend on it daily. The post #ArewaEconomy (2): How Kano’s largest textile market remains afloat despite rising costs, shrinking demand in Nigeria appeared first ...
Traders have assured Nigerians that tomato prices may start to decline from August. This positive outlook was shared by Mr. Rabiu Zuntu, the Kaduna State Chairman of TOPAN.
Nigeria's gas distributors urge immediate action to boost domestic gas usage, criticizing ongoing debates. They call on policymakers and investors to implement effective strategies for improvement.
The NCDMB has trained 120 youths and small businesses in Bayelsa, enhancing their skills for the oil and gas sector. This initiative aims to boost local competitiveness and economic growth.
…Tour operators to open secretariat at 10th AGM As part of ongoing efforts at boosting tourism development, especially at the read more NATOP, Lagos further commitments at boosting tourism, destination marketing
Anambra First Lady, Nonye Soludo, is urging for increased support for local entrepreneurs and MSMEs to boost economic growth. Her call emphasizes the importance of empowering these businesses in the region.
Vice President Kashim Shettima emphasized the importance of MSMEs in enhancing Nigerian livelihoods and transforming communities. The Tinubu administration is focused on creating a sustainable, enterprise-led economy through infrastructure projects and economic reforms.
Sunday Dare, an aide to President Tinubu, defends First Lady Oluremi Tinubu's comments on low-capital businesses, citing his mother's success in trading. He emphasizes the importance of entrepreneurship in Nigeria's economy.
Nigeria is the world's largest producer of cassava but needs significant advancements for the industry to grow. The focus is on transforming cassava production into a more industrialized sector.
Investor demand for Federal Government of Nigeria bonds has surged, with subscriptions reaching N9.04 trillion in the first half of 2026. This reflects a strong appetite for government securities despite a moderation in yields.
Vice President Kashim Shettima has praised President Bola Tinubu's reforms for enhancing the prosperity of MSMEs in Nigeria. He emphasized that these changes are improving living standards for citizens.
Nigeria's housing crisis is pushing workers into unsuitable living conditions due to skyrocketing rents. This situation highlights the growing disparity between income levels and the cost of living.
Africa's Mission 300 initiative has successfully secured $1.4 billion in funding to improve electricity access for 300 million people by 2030. This significant investment highlights a commitment to enhancing energy infrastructure across the continent.
Clea CEO Sheriff Adedokun highlights ongoing challenges in dollar availability for Nigerian importers despite recent forex reforms. This situation continues to impact business operations significantly.
Nigeria is the world's largest producer of cassava but still imports many products derived from it. The industry requires significant advancements to fully capitalize on its production potential.
The NLC signals fresh negotiations on Nigeria’s minimum wage are imminent, addressing inflation’s impact on workers’ earnings.
The EU is committed to increasing investments in Nigeria, recognizing its role as a key economic hub. This initiative also supports the growth of regional trade.
The UN reported that twin earthquakes in Venezuela resulted in $6.7 billion in damage, which is 6% of the country's GDP. This significant financial impact highlights the severe consequences of natural disasters on national economies.
Nigerian MSMEs constitute 90% of businesses and employ over 60 million people, according to Shettima. These enterprises are crucial for improving the livelihoods of Nigerians through innovation and hard work.
Farmers are worried about the potential impact of drought as Italy's Po River reaches record low levels. This situation raises concerns for agricultural productivity in the region.
Chief Sunny Onuesoke urges Nigerian governors to boost investments in Liquified Petroleum Gas (LPG) amidst rising prices and scarcity. He emphasizes the need for strategic investments to ensure energy security and affordability for citizens.
Taraba State has finalized loan agreements worth $268 million with the ECOWAS Bank for Investment and Development (EBID). This financing will support three strategic interventions in the state.
A group in Rivers State is launching a program to provide free skills training to 50,000 women, promoting economic self-reliance. This initiative aims to empower women through various skills acquisition opportunities.
Nigeria's logistics inefficiencies are resulting in an annual loss of N5 trillion. Stakeholders are calling for urgent reforms to address this critical issue.
Dollar inflows into Nigeria have increased by 26.8%, highlighting a growing demand for foreign currency. However, the naira continues to weaken in the official FX market, reflecting ongoing economic challenges.