August 5, 2025

Economy

Business Economy

Nigeria’s Financial Landscape Will Witness Radical Change by 2035 — Experts

Lagos, Nigeria – June 14, 2025 Financial experts have projected that Nigeria’s financial ecosystem will undergo a radical transformation by the year 2035, driven by rapid digital adoption, regulatory reforms, and deepening financial inclusion. This was revealed during the Nigeria Future Finance Conference 2025, held in Lagos, where industry leaders, policymakers, and innovators gathered to

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Agricultural Business Economy

Kwara Food Prices Drop Amid Farming Investments

Ilorin, Kwara State – June 14, 2025 Food prices across Kwara State have seen a notable decline, following increased investments in agriculture by the state government and private sector players. The development has brought relief to residents who had long grappled with rising food costs due to inflation and supply chain challenges. Markets in Ilorin,

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Business Economy

Business in a Digital World: Understanding SEO and Its Relevance for Operations and Growth

Lagos, Nigeria – June 14, 2025 In an era where digital presence defines brand relevance, experts have emphasized the growing importance of Search Engine Optimization (SEO) as a vital tool for business operations and sustainable growth. Speaking at the 2025 Digital Enterprise Summit held in Lagos, digital marketing professionals, entrepreneurs, and tech innovators converged to

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Economy General

Gov. Soludo: President Tinubu Rescued the Economy from the Tipping Point, Returned Public Finance to Solvency

Abuja, Nigeria – June 14, 2025 Anambra State Governor, Prof. Chukwuma Charles Soludo, has praised President Bola Ahmed Tinubu for what he described as decisive economic leadership that rescued Nigeria’s economy from near collapse and restored public finances to a sustainable path. Speaking during a panel session at the 2025 Democracy Day Public Lecture in

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Economy General

President Tinubu’s Special Envoy, Bianca Ojukwu, Meets President Ouattara in Abidjan

June 13, 2025 Her Excellency, Ambassador Bianca Odumegwu-Ojukwu, the Special Envoy of President Bola Ahmed Tinubu to the West Africa Economic Summit (WAES), was formally received by the President of Côte d’Ivoire, Alassane Ouattara, at the Presidential Palace in Abidjan on Friday, June 13, 2025. The high-level diplomatic engagement comes as part of Nigeria’s renewed

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Business Crude Oil Economy

Petrol Imports Drop by N2tn as Local Production Improves

June 13, 2025 Nigeria’s petrol import bill has seen a significant decline, dropping by over ₦2 trillion in the first quarter of 2025, a development attributed to an increase in domestic refining capacity. According to data from the National Bureau of Statistics (NBS), the country spent ₦1.76 trillion on petrol imports between January and March

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Business Economy NNPC

NNPC Declares ₦5.89 Trillion Revenue, ₦748 Billion Profit for April 2025

The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a remarkable financial performance for April 2025, declaring a total revenue of ₦5.89 trillion and a profit of ₦748 billion for the month under review. According to a corporate statement released by the national oil giant, the robust earnings reflect improved operational efficiency, higher global

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Business Economy

Nigeria’s Petrol Import Bill Drops by Over ₦2 Trillion in Q1 2025

Nigeria’s petrol import bill saw a significant decline in the first quarter of 2025, plunging to ₦1.76 trillion, compared to ₦3.81 trillion recorded in the same period in 2024. This represents a sharp drop of over ₦2 trillion, according to recent trade data. The reduction is widely attributed to a combination of factors, including: Operational

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Economy General Housing Reform

FG Unveils Plan to Construct Smart, Affordable Homes Using Bamboo for Low and Middle-Income Nigerians

In a bold move to tackle the nation’s housing deficit and promote sustainable development, the Federal Government has announced plans to utilize bamboo as a key material in the construction of affordable, smart housing units for low and medium-income earners across Nigeria. The initiative is part of an innovative strategy aimed at providing durable, cost-effective

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Economy Technology World

NITDA, ACCI Strengthen Ties Ahead of Africa Space Economy Conference

The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, recently hosted a delegation from the Abuja Chamber of Commerce and Industry (ACCI) at the agency’s headquarters in Abuja, in a move to bolster collaboration ahead of the second edition of the Africa Space Economy Conference. The meeting provided a strategic platform

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