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Dangote Sugar exceeds N1tn market cap level 

Minister tasks Dangote Sugar on 600000 tonnes capacity

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Dangote Sugar exceeds N1tn market cap level 

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Dry season farming to create 10m jobs - FG
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Dry season farming to create 10m jobs – FG

The Federal Government stated 5–10 million jobs would be created nationwide by farming during the 2024 dry season. According to The PUNCH, When the Federal Ministry of Water Resources and Sanitation hosted the 30th regular meeting of the National Council on Water Resources and Sanitation in Abuja, it revealed this information. It was revealed last […]

FG plans naira payment for local gas operators
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FG plans naira payment for local gas operators

By Melvin Onwubuke The Federal Government has said it is putting measures in place to stop gas producers from collecting dollars in payment for local gas supplies to local operators. The Minister of Power, Adebola Adelabu, who made this known in post on his X handle, said it was crucial to find innovative solutions to […]

Naira devaluation worsens Nigeria's debt woes
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FG, agencies collaborate to boost agric exports

The Nigeria Agricultural Quarantine Service and the Nigeria Oil and Gas Free Zones Authority, two Federal Government organizations, have reached an agreement to work together to facilitate trade and protect Nigeria’s agricultural exports and economy. According to The PUNCH, partners in the transaction made this announcement on Sunday in Abuja, claiming that it was the […]

Cashless transactions hit N611tn - NIBSS
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Cashless transactions hit N611tn – NIBSS

Cashless transactions in Nigeria increased to N611.06 trillion in 2023, according to information released by the Nigeria Inter-Bank Settlement System on Wednesday. According to The PUNCH, the payouts increased from N395.38 trillion in 2022 to N55.55 trillion in 2023. NIBSS Instant Payments is an account-number-based, online real-time Inter-Bank payment solution developed in the year 2011 […]

Naira devaluation worsens Nigeria's debt woes
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FG trains 3,000 farmers in 12 states

Three thousand vulnerable farmers in twelve South-West and South-South states have received training and empowerment from the Federal Ministry of Agriculture and Food Security. The PUNCH reported that according to the Federal Ministry of Budget and National Planning, the initiative was carrying out the Agriculture for Food and Jobs Creation Program, which is part of […]

36 states spend N139.92bn on external debt in six months
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How FX unification increased Nigeria’s trade surplus in Q3 – Report

Bisola David One reason for the third quarter’s net trade surplus has been attributed to the foreign exchange market’s segmentation. The Punch reported that the emergence of a net trade surplus in Q3’23 is a noteworthy deviation from previous quarters, underscoring Nigeria’s trade resilience amid global economic shifts, according to a report released by analysts at […]

Domestic refining output falls by 92% - Report
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Domestic refining output falls by 92% – Report

Bisola David The Statistical Review of World Energy 2023 report has noted that Nigeria’s local refinery output has decreased by 92% in ten years. According to The Punch, the report shows that output from the country’s four refineries has dropped from 92,000 barrels per day in 2012 to just 6,000 barrels per day in 2022. This represents […]

Why Nigerian govt prefers imported vehicles - Minister
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Why Nigerian govt prefers imported vehicles – Minister

Bisola David The Nigerian government, according to Minister of Industry, Trade, and Investment Dr. Doris Uzoka-Anite, prefers to purchase cars from overseas manufacturers since local producers are still deemed to be deficient in after-sale service. According to The Punch, this explanation was given by the minister during a recent stakeholders’ engagement forum held in Lagos […]

Nigeria to phase out diesel, embrace hybrid energy — Shettima
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FG to intervene in building, manufacturing sector – Shettima

Bisola David Vice President Kashim Shettima has stated that the current administration’s economic policies will resuscitate economic activity in the manufacturing and engineering sectors. According to The Punch, in order to strengthen the fight against hunger, poverty, and corruption, he also committed to enacting policies that would maximize the country’s economic potential by fostering inclusiveness, […]

FG vows to back W'African gas pipeline project
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FG vows to back W’African gas pipeline project

Bisola David The federal government led by President Bola Tinubu has reaffirmed its commitment to helping the West African Gas Pipeline Project achieve its goals and reach its full potential, according to Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo. The Punch reported that Ekpo said this in his speech at the WAGP Authority Committee […]

How to apply for FG startup support
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How to apply for FG startup support

        The Federal government has inaugurated the Startup Support and Engagement Portal, a pivotal component essential for executing the Nigeria Startup Act. This announcement was made by the Minister of Communications Innovation and Digital Economy, Bosun Tijani, via his X account on Wednesday. He wrote, “The startup portal will drive the identification […]

FG bags $2.2bn Sun Africa deal to develop power sector
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FG bags $2.2bn Sun Africa deal to develop power sector

  By Wilson Adekumola The Federal Ministry of Power has disclosed that Sun Africa LCC has promised $2.2 billion to develop Nigeria’s power sector. Minister of Power, Adebayo Adelabu disclosed this in a statement issued in Abuja on Sunday after a meeting with representatives of Sun Africa, led by its Chairman, Goran Rajsic. The statement […]

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