Economy

 Kebbi Budgets N580.33bn For 2025 By Jameel Gulma, Kebbi   Kebbi State Govenror, Dr Nasir Idris, Kauran Gwandu on Wednesday, presented the state’s proposed 2025 budget amounting to over N580.33 billion. The Kauran Gwandu said that the 2025 budget was tagged, “Economic and Infrastructural Consolidation ”. According to the governor, among other sources, the budget is expected to be funded …

Tinubu Boasts of His Economic Policies As He Presents The 2025 Appropriation Bill Shalom Oludele   President Bola Ahmed Tinubu has boasted of his economic policies, saying indicators have proven that the economy is responding positively to stimulus. Tinubu, who said this while presenting the 2024 budget on Wednesday before a joint session of the National Assembly, said the focus …

Breaking News: 2025 Budget Proposal: N15.8trn Allocated For Debt Servicing, Security, N4.91trn   By Shalom Oludele   A sum of N15.81 trillion has been allocated for debt servicing in the 2025 Appropriation Bill presented to the joint sitting of the National Assembly by President Bola Ahmed Tinubu. Defence and Security tops the sectoral allocations in the N47.9 trillion budget presented …

2024 Budget Will Extend Into Mid 2025 –Akpabio By Shalom Oludele The Senate President, Senator Godswill Akpabio has said that the 2024 budget will be extended to June 2025. He made this known in his opening remark during the 2025 Appropriation Bill presentation  by President Bola Ahmed Tinubu to the joint sitting of the National Assembly, on Wednesday, December 18. …

$1trn economy: SEC DG lists factor constraining capital market’s potential   By Shalom Oludele Securities and Exchange Commission (SEC) has identified limited investor participation, regulatory hurdles and macroeconomic instability as key obstacles hindering the capital market’s contribution to the nation’s one trillion dollar economic goal. The Director-General of SEC, Dr Emomotimi Agama, said this at the 2024 SEC Journalists Academy …

NGX loses N69bn as sell-offs hit Oando, Dangote Sugar, Nestle   The Nigerian stock market closed on a bearish note on Tuesday, with a loss of N69 billion, due to sell-offs in large and medium capitalised stocks. The Nigerian Exchange Ltd. (NGX) market capitalisation, which opened at N59.004 trillion, dropped by N69 billion or 0.12 per cent, closing at N58.935 …

Bayelsa To Set Up Marine Safety Task Force, Create Fish Litireso aafirika OAU …Stakeholders Hail Blue E conomy Draft Policy Chris Mark, Bayelsa. As part of efforts to ramp up safety on waterways as well as harness its blue economy potential, Bayelsa State would establish a marine safety task force and create economic zones, to be known as Fish Cities. …

Reps C’ttee Expresses Concern Over The Ownership Of Infrastructure Bank   By Saheed Badmus     The House of Representatives Committee on Urban Development has expressed concern over the ownership of the Infrastructure Bank Plc, responsible for providing financial solutions to support key long term infrastructure projects.   The committee expressed its concern during an oversight visit to the bank, …

Expansion of Chevron In Nigeria Will Increase Economic Development, Says Minister of Petroleum Resources   The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has disclosed that Chevron’s continued commitment and expansion in Nigeria will not only bolster the nation’s energy security but will also further the country’s economic development goals. He, therefore, encouraged Chevron, and by extension other …

  Tinubu is Leading Nigeria on the Right Track – Amb. Anister By Ahiaba Douglas, Abuja Ambassador of the African Union 2023 Agenda, Dr. Sammy Anister, has said that the President Bola Ahmed Tinubu led-federal government has positioned Nigeria on the right path and Direction for multifaceted development. Amb. Anister made this statement at a programme tagged: “Nigeria at 64 …