Nigerian Government Moves to End $4bn Garment Imports, Partners BoI on Textile Sector Revival
The FG has said the annual $4bn garment import bill is unsustainable, is targeting the revival of the local textile sector.
Nigeria Records $6.83 Billion Balance of Payment Surplus in 2024, Reversing Two-Year Deficit Streak
Nigeria recorded a $6.83 billion Balance of Payments surplus in 2024, driven by reforms, investor confidence and trade performance
Rivers: NLNG, BoI Unveil N1 Billion Micro-Credit Scheme to Boost Local Economy
NLNG and BOI have unveiled a N1bn loan scheme for MSMEs to promote sustainability and economic growth.
Nigeria Aligns with ICAO’s ‘Leave No Country Behind’, Pushes for Climate-Friendly Aviation
The FG has said it is committed to reducing carbon footprint in aviation, urging support for greener fuel, sustainable airport practices.
AfDB President Adesina Hails Kaduna’s N74bn Agriculture Budget, Calls Governor Sani a ‘Model Leader’
AfDB president Adesina has praised Kaduna’s N74bn agriculture budget, saying the state is leading Nigeria’s agro-industrial transformation.
US Says Trump’s 14% Tariffs On Nigeria In Retaliation To Nigeria’s Import Ban on 25 Product Categories
US imposed 14% tariffs on Nigeria’s goods as a response to import restrictions which impacted its agriculture, beverages, and consumer goods trade.
Air Peace Introduces Streamlined Boarding Process for Military, Special Needs, Business Class Passengers
Air Peace has introduced new boarding policy prioritising military, special needs passengers, and business class for a smoother travel experience.
US Stocks Rally as Tariff Tensions Grip Global Markets
US stocks have rebounded strongly after days of turmoil, as European and Asian markets showed signs of stabilisation amid trade tensions.
US Tariffs May Disrupt Some Nigerian Sectors, But Government Has Strategy, Says Trade Minister Jumoke Oduwole
Trade Minister Jumoke Oduwole has said Nigeria is targeting AfCFTA, women-led MSMEs in new export push strategy post US tariffs
AfDB President Adesina Urges Global Finance Hubs to Strengthen Ties with Africa to Unlock Economic Growth
Adesina has urged stronger collaboration between international financial centres and African markets to drive economic growth and sustainable development.
Afreximbank Earmarks $3 Billion to Boost Africa’s Refined Oil Product Supply
Afreximbank has committed $3 billion to finance intra-African oil product purchases, aiming to boost refining capacity and reduce imports.
Presidency: PCNGI Targeting $1bn Investment in 2025
Nigeria’s CNG initiative is eyeing $1 billion in investments by December, with $491 million already secured and deployed.
AI, Digital Infrastructure, Inclusion to Drive Africa’s $180bn Digital Economy, AFDEIC Says
The AFDEIC 2025 conference will explore AI’s role in boosting Africa’s $180 billion digital economy, focusing on inclusivity.
Osun Governor Adeleke to Attend Commonwealth Business Forum In London
Governor Adeleke will attend several investment summits in London, targeting global partnerships in infrastructure, culture to boost Osun’s economic transformation.
FAAN Deploys New Security Tech to Meet ICAO Standards at Nigerian Airports
FAAN has introduced Orion 927DX scanners, ending controversial table checks and streamlining security at Nigerian international airports.
New US Tariffs Threaten Nigeria’s $6bn Exports, Says Trade Minister Oduwole
Nigeria’s Trade Minister Jumoke Oduwole has said Trump’s new tariffs will impact Nigeria’s annual $6bn exports to the US
CBN Injects $197.71 Million into FX Market to Stabilise Naira Amid Falling Oil Prices, US Tariffs
The CBN has injected $197.71 million into the FX market to stabilise the naira, addressing falling oil prices, US tariffs.
NNPC Names Roland Ewubare COO, Adesua Dozie Chief Legal Officer in Sweeping Restructuring
NNPC has, in its major restructuring, appointed Roland Ewubare as COO, named Adesua Dozie Company Secretary and Chief Legal Officer.
Nigeria Reaffirms Commitment to $5 Billion Africa Energy Bank Despite Delayed Launch in Q1 2025
Nigeria’s Petroleum Minister Lokpobiri has reaffirmmed commitment to Africa Energy Bank despite missing Q1 2025 deadline for launch.
Wood Mackenzie: 101 Refineries at Risk Globally Amid Peak Oil Demand, High Carbon Costs
Wood Mackenzie has warned that 101 refineries, representing 21% of global capacity, face shutdown risk due to rising carbon costs.
