Former United States President Donald Trump has commended what he described as “significant progress” in the ongoing trade negotiations between the United States and China, noting that improved bilateral economic cooperation is vital for global stability and economic growth. Speaking during a political gathering in Florida on Friday, Trump said the renewed dialogue between the
The Socio-Economic Rights and Accountability Project (SERAP) has called on the Central Bank of Nigeria (CBN) to publicly disclose whether local government areas (LGAs) in the country are receiving federal allocations directly, in line with constitutional provisions aimed at promoting grassroots development and financial transparency. In a letter dated May 10, 2025, and signed by
Telecoms giant Airtel Africa has posted a strong financial recovery, recording a pre-tax profit of $661 million for the full financial year ending March 31, 2025. This marks a dramatic turnaround from the previous year’s pre-tax loss of $63 million, and represents a staggering year-on-year growth of 1,147.8 percent in reported currency—a signal of renewed
In a strategic move to enhance transparency, accountability, and ease of doing business in Nigeria’s solid minerals sector, the Corporate Affairs Commission (CAC) and the Nigeria Mining Cadastre Office (MCO) have entered into a collaborative partnership aimed at driving improved regulatory compliance among mining stakeholders across the country. The partnership was formalized during a high-level
A new report released by the Nigerian Economic Summit Group (NESG) in partnership with Stanbic IBTC Bank shows that Nigerian businesses are growing more confident about the future, even as they continue to face major hurdles such as poor electricity, high rent, and limited access to finance. According to the April 2025 edition of the
In a landmark move poised to accelerate Nigeria’s industrial growth, the Inner Galaxy Group has unveiled plans for a $400 million investment in the development of the Stellar Steel Plant, a state-of-the-art steel production facility in Sagamu, Ogun State. Spanning more than 100 hectares, the plant is expected to become a major game-changer in the
The United Nations Development Programme (UNDP) has raised an alarm over the staggering economic losses Nigeria suffers yearly as a result of poor electricity supply. According to the UN agency, the country loses over N2 billion every year due to its inadequate and unreliable power infrastructure, a situation that continues to cripple critical sectors of
The Federal Executive Council (FEC) has approved Nigeria’s formal accession to the Asian Infrastructure Investment Bank (AIIB), following the presentation of a memorandum by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun. Mr. Edun, while addressing members of the Council during its meeting held on Monday in Abuja, confirmed
Nigeria has deepened its development cooperation with Norway following high-level bilateral talks held on the sidelines of the 2025 United Nations meetings in New York. Dr. Doris Uzoka-Anite, Nigeria’s Minister of State for Finance, led the country’s delegation in a strategic meeting with Ms. Stine Renate Håheim, Norway’s Deputy Minister of International Development. The meeting
On the sidelines of the 2025 United Nations meetings in New York, Nigeria and Sweden have reinforced their commitment to collaborative development efforts. Dr. Doris Uzoka-Anite, Nigeria’s Minister of State for Finance, engaged in bilateral discussions with Ms. Diana Janse, Sweden’s State Secretary for International Development Cooperation. The talks centered on enhancing partnerships in technology
