Minister of Information and National Orientation, Mohammed Idris, has announced that the country will take the opportunity of the upcoming France Business Forum in Paris to highlight the significant economic progress made under President Tinubu’s leadership. This announcement was made during a meeting in Abuja with the French Ambassador to
The Chairman of United Bank for Africa (UBA) Group and Founder of the Tony Elumelu Foundation (TEF), Tony Elumelu, has reaffirmed his commitment to the development of Gabon’s economy following a high-level meeting with the President of Gabon, Brice Oligui Nguema earlier this week.Elumelu who was on official visit to
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says the Federal Government is committed to implementing policies to promote sustainable economic growth. Edun said this in a statement by Mohammed Manga, the ministry’s Director, Information and Public Relations, in Abuja on Wednesday. The News Agency of
The federal government has reassured global business leaders of its commitment to maintaining a healthy fiscal, legal, and enabling business climate in Nigeria in order to attract local and international investment, stimulate economic development, and generate employment.It further stated that the launch of crude oil sales in Naira was a
The Tinubu Media Support Group (TMSG) says the Nigeria Foreign Exchange code (FX code) recently introduced by the Central Bank of Nigeria (CBN) is the beginning of a new era of regulation in the country’s foreign exchange market.The group stated this in astatement signed by its Chairman Emeka Nwankpa and
Dangote Petroleum Refinery has reduced the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890, effective from Saturday, 1st February 2025.The adjustment according to Dangote Refinery isa direct response to the positive outlook within the global energy and gas markets, as well as
Transcorp Power Plc, a subsidiary of Transnational Corporation Plc (Transcorp Group), has posted remarkable financial results for the 2024 fiscal year, achieving significant milestones in revenue and profitability.In its audited financial statement released to the Nigerian Exchange (NGX), the company reported a 115% increase in revenue, rising from N142.1 billion
The Organisation of the Petroleum Exporting Countries, OPEC, says the Dangote Petroleum Refinery and its efforts to ramp up Premium Motor Spirit (petrol) production are impacting the PMS market in Europe.The 650,000-capacity Dangote refinery, which began operations in January last year, started producing PMS in September, years after the country
The National Institute of Credit Administration(NICA) the federal government’s plan to launch the National Credit Guarantee Company (NCGC) by the end of June this year. This initiative, announced by President Bola Tinubu during his New Year speech, aims to make it easier for individuals and businesses to access credit, which
Festus Osifo, President of the Trade Union Congress (TUC), underscored the immense potential of Nigeria’s agricultural sector and the importance of addressing the fluctuating exchange rate that affects fuel prices. He shared a constructive vision for revitalizing the economy and offered insights into improving the current government’s approach. Osifo believes