Tag: Nigerian Economy
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Minister Unveils Ambitious Plan to Revamp Ajaokuta Steel Company, Generate 500,000 Jobs
Roadmap for Resuscitation Prince Shuaib Audu, the Minister of Steel Development, has unveiled a comprehensive three-year roadmap aimed at revitalizing the dormant Ajaokuta Steel Mill in ... -
Pension funds rise by 22% to N18tn – NAICOM
The total assets under the Contributory Pension Scheme reached N18.36tn by the end of 2023, according to data from the National Pension Commission. PenCom’s ‘Unaudited report ... -
FIRS Sets Ambitious N19.4trn Revenue Target for 2024
In a bold move aimed at shoring up government finances and supporting public spending, the Federal Inland Revenue Service (FIRS) has set an ambitious target of ... -
Gas-Rich Nigeria Plunged into Darkness: Power Outages Expose Energy Sector Woes
Nigeria, a nation sitting atop vast natural gas reserves, finds itself shrouded in darkness as persistent power outages grip the country. This paradoxical situation, where a ... -
Atiku Calls on Tinubu to Clarify $3.3 Billion NNPCL Loan Deal
Atiku Abubakar, the presidential candidate of the Peoples Democratic Party (PDP), has called on his rival, Bola Tinubu of the All Progressives Congress (APC), to explain ... -
World Bank Projects Robust 3.7% Growth for Nigeria by 2025, Surpassing IMF Forecast
In a surprising turn of events, the World Bank has unveiled an optimistic growth projection of 3.7% for the Nigerian economy by 2025, surpassing the International ... -
Dangote Cement Makes History, Surpasses N10 Trillion Milestone, Cementing Dominance on Nigerian Stock Exchange
In an unprecedented achievement, Dangote Cement Plc, Nigeria’s industrial powerhouse, has surpassed the N10 trillion market capitalization mark, solidifying its position as the most valuable company ... -
Lekki Deep Seaport Marks a Milestone: Hosting the Largest Container Vessel in History
Lagos, Nigeria’s state-of-the-art Lekki Deep Seaport, recently made waves in maritime history by hosting the largest container vessel ever to navigate Nigerian waters. This groundbreaking event ...