Recapitalisation: Labour Ministry charges banks to protect workers
By Victor Ahiuma-Young & Omotola Aremo The Federal Ministry of Labour and Employment has cautioned banks and insurance companies against allowing workers to bear the brunt of the ongoing recapitalisation and restructuring in the financial sector. The Ministry made the call during the 2026 World Day for Decent Work celebration organised by the Association of […]
British International Investment, Babban Gona, sign $7.5m deal to boost food security, others
By Peter Egwuatu British International Investment (BII), the UK’s development finance institution and impact investor, have announced a $7.5 million debt investment in Nigerian agri-tech platform, Babban Gona, to boost food security and climate resilience for smallholder farmers in Northern Nigeria. Commenting at the signing ceremony in Lagos, Benson Adenuga, West Africa Regional Director and Head […]
Price hike: No subsidy on CNG, says FG
By Obas Esiedesa, Abuja The Presidential Compressed Natural Gas Initiative, PCNGI, has clarified that the federal government does not provide subsidies on Compressed Natural Gas, CNG, following the recent hike in pump prices by some operators. In a statement yesterday, PCNGI explained that pricing decisions are solely at the discretion of private sector players, while stressing […]
We’re honouring our obligations, Edun tells Islamic Development Bank
By John Alechenu The Federal Government has disclosed that it has been honouring its obligations with lenders despite the fiscal constraints and reaffirmed commitment to strengthening ties with the Islamic Development Bank (IsDB) and similar institutions, to deliver transformative development projects across priority sectors, especially infrastructure. The Minister of Finance and Coordinating Minister of the Economy, […]
Economic activities record 8th consecutive month expansion in July —CBN
•As Nigerians expect stable inflation rate By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, yesterday, said economic activities expanded for the eighth consecutive months at 52.7 index points in July 2025. CBN disclosed this in its Purchasing Managers Index, PMI, Survey Report for July. The report showed that out of the 36 subsectors covered in […]
Nigeria’s social welfare in ignominious state, says Economic Society
The Nigerian Economic Society (NES) on Tuesday described the state of Nigeria’s social welfare as ignominious, noting that 133 million citizens currently suffer deprivations across education, health, and living standards.
