By FORTUNE ABANG THE International Institute of Experts on Political Economy and Administration (IIEPEA) has underscored the need for collective commitment by the citizenry toward bolstering political decisions and economic strategies globally. Executive President of the IIEPEA, Dr. Tunji Asaolu, disclosed this at a one-day 2025 Political and Leadership conference on Friday in Abuja. The […]
By GRACE ALEGBA THE National Institute of Credit Administration (NICA), Chartered, and the National Credit Guarantee Company (NCGC) have called on financial institutions and other stakeholders to collaborate in entrenching a robust credit culture in Nigeria. They made the call on Friday at a sensitisation seminar organised by NICA in Lekki, Lagos. The two-day event […]
By JOSEPH CHIBUEZE, Abuja The Debt Management Office (DMO) is offering the ₦200 billion Federal Government of Nigeria (FGN) bonds in August for subscription by auction. The DMO, in a statement posted on its official website yesterday, announced that the auction would take place on Monday 25 August 2025, with settlement fixed for Wednesday 27 […]
By BUKOLA ARO-LAMBO NIGERIA’S external reserves have surged to $41 billion, marking the highest level in four years and signalling a promising boost for the country’s economic stability and currency strength. According to the latest data released by the Central Bank of Nigeria (CBN), Nigeria’s foreign exchange reserves stood at $41.046 billion as of 20 […]
TRAXPORT Rail Services Ltd has signed a Technical Support and Investment Agreement (TSIA) with Belgian rail operations and management company, Vecturis, marking a major milestone in Nigeria’s rail transport transformation. The agreement underscores Vecturis’ commitment to building a modern, efficient, and sustainable freight rail system in West Africa, with Nigeria at the forefront. Through the […]
By ANDREW OOTA, Abuja Delivers 5,075.4km as ₦3 trillion are abandoned FG explores alternative funding arrangement for stalled projects Stakeholders allege subnational construction amidst inter-govt conflict SEVEN years into Nigeria’s Road Tax Credit Scheme, the programme may be grappling with survival crises, with many projects valued at ₦3 trillion, according to the latest data from […]
By JOAN NWAGWU THE Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has cautioned that ongoing policy instability is discouraging investment in Nigeria’s oil and gas sector. Mr. Festus Osifo, President of PENGASSAN, raised the concern on Wednesday at the opening of the 4th Petroleum and Energy Advancement and Leadership Summit (PEALS 2025), […]
By VICTOR NWACHUKWU THE Nigerian Export Promotion Council (NEPC) has described loan and grant facilities provided by the Federal Government as viable tools to boost export trade. Coordinator of the NEPC in Imo, Mr. Anthony Ajuruchi, said this at an engagement forum of non-oil exporters with trade-related agencies, organised by the council, in Owerri, on […]
AHEAD of the 31 March 2026 deadline for banks to shore up their capital base as stipulated by the Central Bank of Nigeria, banks have raised a total of ₦2.5 trillion, mostly from local investors. This is as the total assets in the industry are projected to reach ₦242.3 trillion by the end of this […]
THE Minister of the Federal Capital Territory, Nyesom Wike, has denied claims by local contractors that his administration owes them ₦5.2 billion, insisting that the debts arose from contracts irregularly awarded by civil servants without ministerial approval. On Monday, contractors staged a protest at the minister’s gate, alleging that the FCT Administration owed them about […]