Nigeria needs $20bn annually for 7% growth by 2027 – Edun
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, on Fri revealed that Nigeria requires an annual investment…
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FG achieves 256% increase in meter installations in Q3
The Federal Government’s efforts in Nigeria’s electricity sector have led to substantial progress, with the installation of 184,507 new meters in Q3…
Customs scrap import duties on LPG, CNG conversion Kits
The Nigeria Customs Service has removed import duties on Liquefied Petroleum Gas and related equipment, including conversion kits for Compressed Natural Gas.…
Diaspora remittances surge to $4.22bn – CBN
The Central Bank of Nigeria has reported a substantial rise in diaspora remittances through International Money Transfer Operators, reaching $4.22 billion between…
FG allocates N47bn to boost agric, medical education
The Federal Government of Nigeria has set aside N47 billion to improve agricultural and medical education across the country. The funding aims…
Nigeria will borrow to fund N13trn 2025 budget deficit — Minister
The federal government has announced that the N13 trillion deficit in the N48 trillion 2025 budget proposal will be financed through borrowing.…
Bitcoin hits new all-time high of $106,509
Bitcoin surged to a new all-time high on Sunday, reaching $106,509 as investors anticipated a potential interest rate cut by the Federal…
Nigeria exports N181.62bn electricity to Togo, Benin, Niger
Nigeria exported a total of N181.62 billion worth of electricity from January to September 2024. The exports were distributed across three quarters:…
Blue economy policy to strengthen maritime governance – Oyetola
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has hailed the National Policy on Marine and Blue Economy as an inclusive…
FG proposes Fly Nigeria act to boost aviation – Keyamo
The Fly Nigeria Act, introduced by the Federal Government, aims to boost the aviation sector by requiring government-funded travel to prioritize Nigerian…
FG intervenes in gas supply crisis amid N2.7tn debt
Power generation in Nigeria reached a peak of 3,624.34 MW on Thursday after engineers from the Transmission Company of Nigeria restored the…
VAT proceeds won’t be mismanaged, says Oyedele
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, reassured Nigerians on Wednesday that VAT proceeds would…