Economy

There is renewed optimism across Nigeria’s agricultural sector following the official launch of the first phase of the Special Agro-Industrial Processing Zones (SAPZ) programme, which stakeholders believe will boost agro-exports, enhance food security, and reposition farmers as key drivers of economic growth. The Federal Government, in collaboration with development partners, formally kicked off the initiative

In a significant move to bolster Nigeria’s tech ecosystem, the National Information Technology Development Agency (NITDA) has secured a grant of ¥1.6 billion, equivalent to $12.1 million, from the Japan International Cooperation Agency (JICA). This funding is earmarked for the development of a cutting-edge innovation hub in Abuja, designed to nurture the next generation of

Nigeria’s diaspora remittances have reached an unprecedented $20.93 billion in 2024, according to the latest economic data released by the Central Bank of Nigeria (CBN), signaling growing confidence in the country’s financial reforms and foreign exchange policies. The apex bank disclosed this figure yesterday during its quarterly economic briefing in Abuja, representing a significant increase

The Federal Government has unveiled ambitious plans to transform Nigeria’s livestock industry into a major economic powerhouse, with projections indicating potential annual revenues of N150 billion from the sector. During a stakeholder engagement forum held yesterday in Abuja, the Minister of Agriculture and Rural Development highlighted the untapped potential of Nigeria’s livestock resources, which include

Some relief came the way of investors in the Nigerian Exchange Limited as the trading day ended on a positive note with N100.45bn in gain.On Monday, the market capitalization of the Nigerian Exchange Limited shed N658.23bn to close at N65.49tn as the market reacted to the uncertainty in the global economy. The US stocks fell

The National Pension Commission has revealed that Nigeria’s pension industry has invested a total of ₦5.51trn in asset classes targeted at supporting long-term financing for the country’s real sector growth. This was disclosed during a high-level meeting between PenCom officials and a visiting International Monetary Fund delegation, which held discussions as part of the IMF’s

Governor of Enugu State, Peter Mbah, has called on African nations to leverage intra-Africa trade and opportunities within the African Continental Free Trade Area (AfCFTA) to drive the continent’s economic growth. Speaking at the 2025 Commonwealth Enterprises and Investment Council summit in London, Mbah emphasised that Africa possesses the necessary resources, including a large population,