Economy Archives

FG seeks stronger development finance, private investment to drive $1tn economy

The Federal Government has called for stronger development finance and increased private sector investment to support its ambition of building a $1 trillion economy, saying public funds alone are insufficient to finance the country’s long-term development goals. The Minister of State for Budget and Economic Planning, Dr Doris Uzoka-Anite, made the call on Thursday at […]

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July 2, 2026
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Uncategorized

Remi Tinubu Faces Mixed Reactions Over Akara, Roasted Corn Business Remarks

First Lady Senator Oluremi Tinubu has drawn mixed reactions on social media after encouraging Nigerians to consider small-scale businesses such as selling akara, roasted corn and kuli-kuli, describing them as ventures that require little capital to start. Tinubu made the remarks while addressing State House correspondents after the Renewed Hope Initiative’s second-quarter meeting with the […]

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June 27, 2026
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National Assembly

N’Assembly to fast-track security, economic reforms in support of Tinubu – Akpabio

President of the Senate, Godswill Akpabio, says the National Assembly will accelerate support for President Bola Tinubu in strengthening security and advancing key reforms aimed at repositioning Nigeria’s economy. Akpabio stated this on Thursday after leading principal officers of the Senate on a traditional Sallah homage to President Tinubu at his Lagos residence. “He (President) […]

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May 28, 2026
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World

Africa Must Drop ‘Victim Mentality’ – Tony Elumelu

Africans should welcome all foreign investors and put colonial hang-ups behind them, Nigerian businessman and philanthropist Tony Elumelu has said. Elumelu, who chairs banking and investment firms including Heirs Holdings, Transcorp, and United Bank for Africa, stated this on the sidelines of this week’s Africa Forward Summit in Nairobi, co-hosted by France and Kenya. “What […]

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May 13, 2026
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Business

Kelvin Emmanuel : OPEC Losing Relevance As Global Power Dynamics Shift

Energy Consulting Practice, Kelvin Emmanuel, has said that the OPEC is steadily losing its relevance as a global price-setting body, citing internal divisions, geopolitical tensions, and shifting production alliances. Speaking during an interview with ARISE NEWS over the weekend, Emmanuel explained that while OPEC was originally established to give oil-producing countries leverage and stabilise prices, […]

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May 3, 2026
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Economy

Nigeria’s Economy In Shock – Edun

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that Nigeria’s economy is in shock, as global countries swim in the fallouts of ongoing crisis in the Middle East. A Monday statement by Special Adviser on Media and Communications to the Minister, Dr. Ogho Okiti, noted that the shock comes on […]

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April 14, 2026
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Economy

NNPC revenue hits N2.68tn amid production decline

The Nigerian National Petroleum Company Limited has announced a revenue collection of N2.68tn from its economic activities in February 2026, even as crude oil production declined to 1.51 million barrels per day amid pipeline outages and operational setbacks. It reported a 4.2 per cent increase in revenue for its February 2026 operations, rising to N2.68tn […]

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April 12, 2026
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Breaking News

Nigeria poverty hits 63% despite easing inflation – W’Bank

Poverty in Nigeria rose to 63 per cent in 2025, despite a slowdown in inflation, indicating the limited impact of recent macroeconomic improvements on household welfare, the World Bank has said. The bank disclosed this in its Nigeria Development Update (April 2026) titled “Nigeria’s Tomorrow Must Start Today: The Case for Early Childhood Development,” released […]

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April 10, 2026
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Breaking News

Nigeria not collapsing, FG insists

The Federal Government on Wednesday rejected claims that Nigeria is on the brink of collapse, insisting that the country is making steady progress in tackling its security and economic challenges. The position comes in response to recent warnings by a coalition of civil society organisations, which described the nation as facing worsening insecurity, economic hardship, […]

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April 8, 2026
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Economy

Why whistleblower policy failed, Kemi Adeosun explains

A former Minister of Finance, Kemi Adeosun, has identified the absence of statutory reinforcement as the primary reason for the decline of one of the nation’s most successful anti-corruption initiatives. Speaking at the second edition of the Citadel School of Government Dialogue series in Lagos on Saturday, Adeosun revisited the highs and lows of her […]

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April 4, 2026
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