Tag:Nigeria economy

FMITI Targets $1 Trillion Economy, Unveils 2026 Strategy at Abuja Retreat

ABUJA, Nigeria — The Federal Ministry of Industry, Trade and Investment (FMITI) has outlined a bold roadmap to drive Nigeria toward a $1 trillion...

Eyesan Urges CIoD to Strengthen Governance and Innovation as Eshiett Takes Charge

The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs. Oritsemeyiwa Eyesan, has called on the Chartered Institute of Directors (CIoD)...

Nigeria Targets 2.5mbpd as Oil Output Rises to 1.8mbpd — Lokpobiri Pushes Accountability, Investment Drive

Abuja — The Federal Government has set a new crude oil production target of over 2.5 million barrels per day as part of efforts...

Tinubu Declares Economic Reforms Successful, Says Nigeria Moving From Stability to Growth

Abuja, June 12, 2026 — President Bola Ahmed Tinubu on Friday declared that Nigeria’s ongoing economic reforms have stabilised the economy and positioned the...

CBN wins Central Bank of the Year as Cardoso dedicates award to staff, reforms

Abuja/London – Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has formally received the Central Bank of the Year Award, dedicating the...

WHERE DID THE BILLIONS GO?” — Sugar Master Plan Rocked by FOI Probe, Full Audit Demanded

Nigeria’s ambitious plan to become a sugar-producing powerhouse has been thrown into fresh controversy as a sweeping Freedom of Information (FOI) probe targets billions...

FG says Nigeria economy hits ₦441.5 trillion, inflation eases to 15.69%

ABUJA, May 29 - Nigeria’s economy expanded to ₦441.5 trillion in 2025 from ₦309.5 trillion in 2023, while inflation fell to 15.69% in April...

Oil Theft Drop Drives Nigeria’s Output to 1.7m bpd” — Reps, HOSTCOM Credit Tantita for Recovery

Abuja, Nigeria – Nigeria’s crude oil production has climbed from below 1.2 million barrels per day to over 1.7 million bpd, with lawmakers and...

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Customs Seizes 399 Rifles at Lagos Port, Warns Against Arms Smuggling

The Nigeria Customs Service (NCS) has seized 399 fully assembled pump-action rifles and 535 assorted firearm components intercepted at...
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Aiyedatiwa Approves 60% Rise in Subventions for Ondo Tertiary Institutions

AKURE, August 17, 2026 — Ondo State Governor, Lucky Aiyedatiwa, has approved an immediate 60 per cent increase in...

Odidiomo Redeems ₦2m Pledge to Eruwa Muslim Community

IBADAN, August 17, 2026 — Member of the House of Representatives and Oyo South senatorial candidate of the Action...

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Customs Seizes 399 Rifles at Lagos Port, Warns Against Arms Smuggling

The Nigeria Customs Service (NCS) has seized 399 fully...

Aiyedatiwa Approves 60% Rise in Subventions for Ondo Tertiary Institutions

AKURE, August 17, 2026 — Ondo State Governor, Lucky...