Tag: Economy
Enugu State Revives Sunrise Flour Mill with N40 Billion Investment
The Enugu State government has taken a significant step towards reviving its economy by signing a N40 billion Memorandum of Understanding (MoU) with JELFAH...
Indonesia-Africa Forum Delivers Significant Business Deals
The recently concluded 2nd Indonesia-Africa Forum in Bali has yielded substantial results for bilateral trade between Indonesia and African countries. A total of 32...
Nigerian Economic Society Calls for Urgent Government Action
The Nigerian Economic Society (NES) has issued a stark warning about the nation's socio-economic challenges, urging the federal government to take immediate action.
In a...
Nigeria’s Economy Poised for Growth: FDC Predicts
The Nigerian economy is on track for significant growth in the coming years, according to Bismarck Rewane, Managing Director/Chief Executive Officer of Financial Derivatives...
Nigeria Takes a Giant Leap Towards Industrialization: Ajaokuta Steel Plant Revival
In a historic move, the Nigerian government has signed a Memorandum of Understanding (MoU) with Messrs Tyazhpromexport, the original builders of the Ajaokuta steel...
NNPCL Authorizes Marketers to Lift Petrol from Dangote Refinery
The Nigerian National Petroleum Company Limited (NNPCL) has granted permission to major petroleum marketers to lift Premium Motor Spirit (PMS), also known as petrol,...
Nigeria’s Solid Minerals Sector: A Growing Contributor to GDP
The Federal Government's policy direction to promote value addition in the solid minerals sector has yielded positive results, contributing N1.56 trillion to Nigeria's Gross...
Nigeria’s Economy Records Significant Growth in Q2 2024
The Federal Government has announced that Nigeria's nominal Gross Domestic Product (GDP) reached N60.93 trillion in the second quarter of 2024, reflecting a substantial...
P-CNGi Urges Nigerians to Embrace CNG Initiative to Cushion Economic Hardship
The Presidential Compressed Natural Gas Initiative (P-CNGi) has encouraged Nigerians to embrace the opportunities presented by the initiative to alleviate economic hardship. As part...
UBA America Celebrates 40 Years of Fostering Africa-US Ties
United Bank for Africa Plc (UBA) is commemorating the 40th anniversary of its American branch, which has played a significant role in strengthening economic...
