August 3, 2025
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Economy

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Economy General

FMACTCE Inaugurates Multi-Sectoral Strategic Plan Committee to Propel National Growth Through Arts, Culture, Tourism, and Creative Economy

Abuja, Nigeria – July ,2025 — In a major step towards harnessing the power of Nigeria’s rich cultural assets for national development, the Federal Ministry of Arts, Culture, Tourism, and the Creative Economy (FMACTCE) has officially inaugurated a Multi-Sectoral Strategic Plan (MSSP) Committee. The inauguration ceremony, held in Abuja, signals the ministry’s renewed commitment to

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Economy General

Edun Welcomes IMF Report on Nigeria’s Economy, Reaffirms Commitment to Reform and Stability

Abuja, Nigeria – July, 2025 — The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has commended the findings of the International Monetary Fund (IMF) following its recently concluded Article IV Consultation on Nigeria, held in April 2025. Mr. Edun expressed appreciation for the IMF’s recognition of the Federal Government’s

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Crude Oil Economy General

Nigeria’s Economy Expands by 3.7% in First Half of 2025, Fuelled by Rising Oil Output

Abuja, July 2, 2025 — Nigeria’s economy grew at an estimated rate of 3.7% year-on-year during the first half of 2025, buoyed by increased crude oil production and resilient performance in the manufacturing and services sectors, according to a report from Stanbic IBTC Bank based on S&P Global PMI data . Economists attribute the uptick

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Economy General

AAM2025 Day 3: Leaders Chart Path for Africa’s Inclusive Growth and Industrial Transformation

Abuja, Nigeria – June 28, 2025  The third day of the 2025 Afreximbank Annual Meetings (#AAM2025) concluded with a high-level convergence of African leaders, business moguls, and global economists who articulated bold visions for the continent’s economic renaissance. President Bola Ahmed Tinubu reaffirmed Nigeria’s unwavering commitment to deepening regional integration, strengthening industrial infrastructure, and championing

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Economy General

An Evening with Jason Miller: U.S. Trade Policy Shifts and Global Economic Implications Discussed

Abuja, Nigeria – June 2025  In a thought-provoking engagement titled “Understanding the Dynamic Shifts in U.S. Trade Policy and the Implications for Global and African Economies,” renowned American communication strategist and former senior advisor to U.S. President Donald Trump, Mr. Jason Miller, held a high-level session with policy makers, economists, business leaders, and media professionals

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Business Economy

Kaduna, SMEDAN Sign Landmark MoU to Boost MSME Development

Kaduna State has taken another strategic step towards economic revitalization as Governor Uba Sani today signed a landmark Memorandum of Understanding (MoU) with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), solidifying a transformative partnership aimed at expanding the state’s Micro, Small, and Medium Enterprises (MSMEs) ecosystem. The MoU, signed by Governor Sani

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Economy General

Badaru Applauds Nigeria-Brazil Strategic Dialogue, Calls It a Milestone for Regional Stability

ABUJA – Nigeria’s Minister of Defence, Muhammad Badaru Abubakar, has described the recently concluded Nigeria-Brazil Strategic Dialogue as a significant step toward enhancing regional peace, economic security, and military cooperation across the West African subregion. Speaking on Wednesday, June 26, 2025, in Abuja following high-level bilateral engagements between both countries, the minister commended the dialogue

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Business Economy

Nigeria’s Public Debt Hits ₦144.67 Trillion in 2024 Amid Exchange Rate Volatility

ABUJA — Nigeria’s total public debt has surged to a historic high of ₦144.67 trillion in 2024, representing a sharp increase from ₦97.34 trillion recorded in 2023, according to newly compiled figures tracing the country’s debt trajectory since 2010. However, the dollar equivalent of the debt load fell to $97.75 billion, down from $150.68 billion

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Business Economy Finance

BDC Operators Raise Alarm Over Unaccounted Forex Liquidity in Nigerian Market

LAGOS — Operators in the Bureau De Change (BDC) sector have raised concerns over the presence of what they describe as an “extremely large volume of unaccounted foreign exchange liquidity” circulating within Nigeria’s financial system. They insist that the forex market is being significantly influenced by unofficial inflows, which continue to distort pricing and undermine

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Economy General Leadership

Minister Edun Unveils Investment-Driven Economic Roadmap at Stakeholders Engagement in Abuja

ABUJA — Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has unveiled a strategic roadmap aimed at driving economic growth through robust investment mobilisation and private sector engagement. He disclosed the plan during a high-level stakeholders’ engagement session held in Abuja on Tuesday, June 24, 2025. The engagement, which brought

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