NEPZA, Dangote Refinery Move to Cut Fuel Prices in Nigeria
By Oluwakemi Kindness The Nigeria Export Processing Zones Authority (NEPZA), in collaboration with key stakeholders, has pledged to implement the presidential directive aimed at reducing domestic fuel prices and boosting national energy security. The partnership includes the Presidential One-Stop-Shop Committee on the Sale of Crude in Naira and the Dangote Refinery & Petrochemicals Free Zone […]
Nigeria’s CBN Governor Calls for Resilient Institutions Amid Global Uncertainty
By Oluwakemi Kindness Institutions within the African continent has been tasked to embrace resilience as a core strategy to withstand global economic shocks and drive sustainable development. This is according to the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, who said Africa must build institutions capable of navigating economic fragmentation, trade protectionism, […]
Afreximbank Seeks Stronger Support for African DFIs
By Oluwakemi Kindness The African Export-Import Bank (Afreximbank), on Wednesday called on African governments to strengthen and protect the independence of Development Finance Institutions (DFIs), noting their critical role in supporting the continent’s economic resilience and long-term growth. The Senior Executive Vice President of the African Export-Import Bank (Afreximbank), Denys Denya, made this call at […]
Nigeria Commits to Africa’s Future, Showcases $52B AFREXIM Support
By Oluwakemi Kindness The Federal Government of Nigeria on Wednesday declared its unwavering commitment to spearheading Africa’s development journey, pledging bold leadership, deeper collaboration, and decisive action to build a more resilient and prosperous continent. This is according to Vice President, Kashim Shettima, who spoke at the 32nd Annual General Meeting of the Africa Export-Import […]
US, Nigeria Launch Trade Pact to Drive Investment, Create Jobs
By: Uju Nwachukwu In a bid to deepen commercial ties, drive mutual prosperity, the United States and Nigeria have launched the working group phase of their Investment Partnership in Abuja. The initiative, anchored on a five-year agreement signed in 2024, by US. Secretary of Commerce Gina Raimondo and Nigeria’s Minister of Industry, Trade, and […]
Nigerian Customs Proposes ₦1.13trn 2025 Budget, Criticizes 2024 Funding Shortfall
By Oluwakemi Kindness The Nigeria Customs Service (NCS) has proposed a budget of N1.13 trillion for its 2025 operations. The budget it notes aims at strengthening revenue generation despite what lawmakers describe as gross underfunding in the previous year. Deputy Comptroller-General of Customs, Bello Jibo, presented the proposal on Monday during a budget defence session […]
FG Boosts Awareness on Life Assurance Policy for Civil Servants
By Oluwakemi Kindness The Federal Government has intensified efforts to promote awareness and improve the implementation of its Group Life Assurance Policybfor federal civil servants. Thia is as the National Insurance Commission (NAICOM), in collaboration with the Office of the Head of the Civil Service of the Federation (OHCSF), held a capacity-building workshop in Abuja […]
NIRSAL MFB Denies ₦215bn Anchor Borrowers Disbursement Claim
By Oluwakemi Kindness NIRSAL Microfinance Bank (NMFB) has denied recent reports alleging that it disbursed ₦215 billion under the Anchor Borrowers Programme (ABP), describing them as misleading and factually incorrect. According to the bank, the actual amount disbursed through its verified ABP loan interventions stands at ₦51 billion, a figure it has consistently presented in […]
CODE Launches 2024 Report Highlighting Civic Impact Across Africa
By Julian Osamoto Connected Development (CODE), a leading civic organisation, has launched its 2024 Annual Report, spotlighting a year marked by grassroots advocacy, civic engagement, and democratic accountability across Africa. Speaking at the event in Abuja, the organisation’s Chief Executive, Hamzat Lawal, described 2024 as “The Year of the Active Citizen,” citing widespread community mobilisation, […]
FAAC Distributes N1.66tr Revenue
By Oluwakemi Kindness The Federation Account Allocation Committee (FAAC), has shared a total sum of N1.659 trillion to the Federal Government, States and the Local Government Councils. The N1.659 trillion being revenue for May 2025 was shared at the June 2025 FAAC meeting held in Abuja. The sum comprised statutory revenue of N863.895 billion, Value […]