Category : Economy


FG Launches Women, Youth Empowerment Fund

The Federal Government, through Vice President Kashim Shettima's office, will launch a new learning fund and empowerment platform in Abuja on Wednesday, focusing on co-investment and economic inclusion for women and youths.

FG Reopens NJFP Portal for Youth Internship

The Federal Government has reopened the Nigeria Jubilee Fellows Programme portal, offering 12-month paid internships with N150,000 monthly stipends to unemployed graduates under 30.

Dogara: Nigeria's Economy on Right Track

Former House Speaker Yakubu Dogara asserts Nigeria's economy is progressing under Tinubu's leadership, though citizens may not yet feel the benefits of ongoing reforms.

Rewane: Naira 11% Undervalued, Fair Rate N1,256.79/$

Nigerian economist Bismarck Rewane states the naira is undervalued by 11% based on PPP, with a fair exchange rate of N1,256.79/$. He shared insights at an ACTN event, highlighting economic factors and treasury strategies.

NSAN Faults New Port Fees, Warns of Trade Costs

The National Shippers Association of Nigeria expresses concern over increased port charges by the Nigerian Shippers' Council, warning it could raise import costs and inflation.

NAFDAC Alcohol Ban Protests Threaten 5 Million Jobs

Nigerian unions protest NAFDAC's sachet alcohol ban, warning it threatens 5 million jobs and N3 trillion investment in local wine and spirit industries, contradicting economic recovery goals.

World Bank $12M Loan for Nigerian IDP-Hosting States

The World Bank has approved a $12 million performance-linked loan for Nigerian states hosting internally displaced persons (IDPs) under a new federal project aimed at closing data gaps and improving IDP integration into development systems.

Naira Gains Against Dollar in Official Forex Market

The Nigerian naira appreciated against the US dollar in the official NAFEM market but showed mixed results against other currencies and at bank counters, with analysts pointing to oil revenues and CBN policies for support.

IMF: Nigeria's Economy to Grow Faster by 2026

The International Monetary Fund projects Nigeria's economy will accelerate growth by 2026, driven by reforms and oil sector improvements, amid global economic challenges.

Musk Hits $780bn, Four Nigerians on Forbes Billionaires List

Elon Musk's net worth soars to $780bn after xAI's valuation surge. Meanwhile, four Nigerian billionaires, led by Aliko Dangote, feature prominently on Forbes' Africa list, highlighting the continent's growing economic influence.

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