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The Nigerian Senate has proposed a ban on textile imports to revive the local industry. They are urging the federal government to resuscitate inactive textile factories and increase funding for cotton production to create jobs.
Ministers at the NBA-SBL Dinner expressed optimism about Nigeria's economic outlook. They highlighted ongoing significant economic and institutional reforms in the country.
The World Bank warns that climate change may push an additional 5.1 million Nigerians into poverty by 2035. It emphasizes the need for $94.6 billion investment in climate resilience to prevent a potential GDP shrinkage of 6.8% by 2050.
The Senate is investigating the expenditures of the SEDC, demanding a comprehensive report on the N16.6 billion allocation. Key government agencies have been given one week to respond to audit queries.
Prof. Odunayo Adebooye, Vice-Chancellor of Osun State University, emphasizes the need for Africa-led solutions to tackle global development challenges. He criticizes the one-size-fits-all approach to development that overlooks local realities.
GSK has announced its acquisition of Nuvalent for $10.6 billion, marking a significant expansion of its cancer drug portfolio. This deal represents GSK's largest transaction in over ten years.
Borno State is facing a severe cholera outbreak, with nearly 8,000 suspected cases reported. The crisis is putting significant strain on local healthcare facilities.
President Tinubu has approved the formation of a Presidential Task Force to enhance readiness for Ebola Virus Disease. An emergency fund of N10 billion will be released to support intensified screening measures at international airports.
Nigeria has expressed support for OPEC's decision to maintain its current crude oil production framework. This comes as OPEC+ increases its production levels, indicating Nigeria's commitment to the cartel's strategies.
Cross River State and NEPZA are enhancing their collaboration to revitalize the Tinapa resort and boost investment opportunities. Governor Bassey Otu emphasized the importance of strategic partnerships for unlocking the state's potential.
The Abuja Chamber of Commerce and Industry (ACCI) urges the suspension of the Senate-approved sugar tax, citing potential economic burdens on businesses and investments. They have also rescheduled the AGROMEQA Expo 2026 to November for broader stakeholder engagement.
The Lagos State Government is actively promoting investment opportunities in infrastructure and tourism to attract global capital. Governor Sanwo-Olu and Deputy Governor Hamzat are leading these efforts to position Lagos as Africa's top investment destination.
Chief Sheriff Mulade has praised Governor Oborevwori for his peace efforts regarding the Warri delineation. He urges the Independent National Electoral Commission (INEC) to act on its final report to prevent potential crises.
Lagos has been ranked as Nigeria's most competitive economy according to the latest Phillips Consulting State Performance Index. This highlights the state's pivotal role in driving the country's economic development.
BusinessDay has released its latest edition, highlighting key developments in various sectors. The publication continues to provide insights into Nigeria's economic landscape.
Senator Emma Nwaka, an APC chieftain, declares support for President Bola Tinubu’s re-election and endorses Governor Alex Otti for a second term in Abia St
Anambra residents are calling on Governor Soludo to address the increasing rental costs, which have reached an average of N1.5 million annually for two-bedroom flats. This surge in housing prices is raising concerns about affordability in the region.
Governor Mbah has raised alarms about the impact of rising substance abuse on Nigeria's security and development. He emphasizes the need for collective efforts to address this growing threat.
President Tinubu has inaugurated the Outer Southern Expressway in Abuja, highlighting the ongoing infrastructure development in the Federal Capital Territory. He commended the commitment to completing projects that will boost the economy.
Nigerian clubs Enyimba and Remo Stars will benefit from FIFA's $355 million Club Benefits Programme for the 2026 World Cup. This funding will support their preparations by compensating them for releasing players for the tournament.
Edo Governor Okpebholo has called on sponsors of insecurity to stop their activities while expressing support for President Tinubu's leadership. He emphasized the need for a focus on governance to address the challenges facing the nation.
President Tinubu has ordered the repatriation of nearly 300 Nigerians detained in Ethiopia, many of whom are facing drug charges. A delegation has been dispatched to facilitate their return from deteriorating prison conditions.
The Nigerian Federal Government recognizes that inflation and insecurity continue to pose significant challenges despite ongoing economic reforms. This acknowledgment highlights the complexities of addressing these persistent issues.
Seventy Nigerians are set to return home from South Africa due to recent xenophobic attacks. The Federal Government is taking steps to assist affected citizens during this repatriation process.
Hundreds of teenage girls in Apomu Kingdom received free menstrual pads and practical health education on Tuesday as Dr Sekinat Bola -Oyebamiji, wife of APC governorship aspirant and President of Medical Women Association, Osun State Chapter, donated 2000 menstrual pads in a comm...
Barely 24 hours after the rescue of 416 residents of Ngoshe community in Borno State, abducted during an invasion by suspected Boko Haram/ISWAP terrorists three months ago, a fresh wave of relief and emotion has swept across parts of the state ,as another set of captives regai...
The House of Representatives, yesterday, summoned Service Chiefs and the Finance Minister and Coordinating Minister of the Economy to appear before it and provide a detailed account of funds released to the military,... The post Reps summon service chiefs, Finance minister over ...
THE Senate President, Godswill Akpabio; rights activist, Mr Femi Falana, SAN; the Executive Secretary of the National Human Rights Commission, NHRC, Mr Tony Ojukwu, SAN; a retired Justice of the Supreme Court, Justice Abdu Aboki, yesterday, proffered ways of deepening Nigeria’s...
The Nigerian government has defended President Bola Tinubu's reform agenda, stating that the country is making positive strides towards economic stability. Officials assert that Nigeria is laying the groundwork for long-term prosperity.
Nigerian lawmakers are demanding explanations from the NSA and relevant ministers regarding defense expenditures due to increasing insecurity and kidnappings. This move highlights growing concerns about the effectiveness of defense spending in addressing these issues.