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The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has disclosed that some Nigerian households spend as much as 120 per cent of their income on food, highlighting the severity of poverty and the pressure of rising food prices on low-income earners. Oyedele, speaking at Chatham HouseContinue Reading
The African Development Bank (AfDB) has raised $2.5 billion through a new US dollar bond issuance, attracting investor orders worth $4.8 billion. The bank in a statement said the three-year global benchmark bond, priced on October 21 and due January 18, 2030, was issued at a fixed coupon of 4.875Continue Reading
The Minister of Works, David Umahi, has admitted that the 750-kilometre Lagos-Calabar Coastal Highway has no single engineering design covering the entire route, more than two years after construction began in March 2024. Umahi made the disclosure during a one-hour-30-minute interview on Arise Television monitored by our correspondent on Friday,Continue Reading
Seplat Energy Plc has underscored the critical role of transparency, strong corporate governance and stakeholder collaboration in unlocking structured financing opportunities and accelerating sustainable growth across Nigeria’s energy sector. The company made the call at the Olaniwun Ajayi Structured Finance Roundtable held in Lagos, where its chief financial officer andContinue Reading
The Lagos State Government has identified six priority sectors for investment and enterprise development as part of efforts to address Nigeria’s job creation crisis, expand business opportunities and support the growth of micro, small and medium enterprises (MSMEs). The sectors are agro-processing, light manufacturing, healthcare, the creative economy, digital tradeContinue Reading
The federal government has described gas as central to the administration’s economic agenda because of its role in electricity generation, manufacturing, transportation, fertiliser production and cleaner cooking. “Gas has been a priority within that reform agenda because Nigeria is, as you all know, even more gas-rich than it is oil-rich,Continue Reading
The Nigerian Content Development and Monitoring Board (NCDMB) has underscored the strategic importance of youth development and local manufacturing in promoting sustainable local content and building a resilient economy. The Board remarked this as winners of the 10th Edition of the NCDMB Annual National Undergraduate Essay Competition 2026 were unveiledContinue Reading
Nigeria gas association has adopted a safety template to address and improve safer Liquified Petroleum Gas (LPG) also known as cooking gas application among households. Safety concerns were among major considers among stakeholders at the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), recent meeting. The association also called onContinue Reading
A senior lecturer at the University of Lagos (UNILAG), Dr Femi Aiyegbajeje, has called for the death penalty for railway infrastructure vandals, warning that attacks on critical transport assets undermine mobility, logistics efficiency and economic growth. Aiyegbajeje made the call on Friday at the second edition of the Nigeria TransportContinue Reading
Telecommunications industry stakeholders have called on the Nigerian Communications Commission (NCC) to strengthen enforcement against counterfeit and cloned mobile phones, warning that its new device verification system may have limited impact unless importers, distributors and dealers supplying non-compliant devices face appropriate sanctions. The stakeholders said the commission’s Device Checker, whichContinue Reading
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