The 42nd edition of Nigeria’s national economic brief has spotlighted a significant shift in the country’s fiscal trajectory, with debt repayment emerging as a central focus for both federal and state governments. The development comes in the wake of key policy reforms introduced by President Bola Ahmed Tinubu aimed at restructuring the economy and enhancing
Former President Olusegun Obasanjo has made an emotional appeal to Nigerians and leaders across the country, expressing deep concern over the worsening state of poverty and hunger in the nation. Speaking passionately at a recent event, the elder statesman confessed, “Forgive me, this is the first time I’m crying with my own tears,” as he
If you are considering investing in land in Lagos this year, Lekki, Ajah, and Ikoyi are likely to dominate your search. These three areas are not only popular but have also emerged as key players in the city’s ever-evolving real estate landscape. Whether you are a first-time buyer or an experienced investor looking to expand
The Niger State Government has announced plans to establish a Special Purpose Vehicle (SPV) to foster a formal partnership with the National Space Research and Development Agency (NASRDA), in a move aimed at leveraging space technology for socio-economic development within the state. Governor Mohammed Umaru Bago, known for his forward-thinking approach to agricultural and technological
ABUJA — In a decisive move to align government procurement processes with prevailing economic conditions, the Bureau of Public Procurement (BPP) has officially announced the upward revision of public procurement thresholds across all tiers of government. The Director-General of the Bureau, Mr. Mamman Ahmadu, disclosed the development during a media briefing in Abuja, stating that
ABUJA — In a strategic move aimed at enhancing private sector development and attracting foreign investment, Nigeria has officially joined the European Bank for Reconstruction and Development (EBRD), becoming the latest African nation to align with the multilateral financial institution. The announcement was confirmed this week following the conclusion of formal accession procedures, positioning Nigeria
ABUJA — The Federation Account Allocation Committee (FAAC) has disclosed that the Federal Government, 36 states, and 774 local government councils shared a total sum of ₦1.681 trillion as distributable revenue for April 2025. This allocation was drawn from a gross total of ₦2.848 trillion generated during the month. The announcement was made after the
Fountain University, Osogbo, is pleased to announce its selection by the United Nations Industrial Development Organization (UNIDO) and the European Union (EU) for the Circular Economy and Resource Efficiency Educational Program 2025. The Acting Head of the Environmental Health Science Department, College of Basic Medical and Health Sciences, Adeleke Taofik TOWOLAWI (PhD), has been nominated
ABUJA — In a strategic move to strengthen Nigeria’s digital infrastructure and enhance internet connectivity, the Nigerian Communications Commission (NCC) earlier this week hosted the Board of the Internet Exchange Point of Nigeria (IXPN) at its headquarters in Abuja. The high-level engagement focused on advancing key initiatives to position Nigeria’s digital economy for global competitiveness,
Vice President Kashim Shettima has called on the European Union (EU) to deepen its collaboration with Africa by embracing a strategic partnership model that prioritises transformative development and mutual prosperity, rather than continuing the traditional donor-recipient approach. Speaking on Thursday at the Presidential Villa in Abuja during a courtesy visit by the EU Ambassador to
