ABUJA — A civil liberties group, Lawyers for Civil Liberties, has filed a Freedom of Information (FOI) application asking the Federal Government to release the full details of Nigeria’s recently signed critical minerals framework with the United States. The application was addressed to the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, and […]
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ABUJA — Nigeria’s Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, says the country’s budget remains too small to meet its growing development needs. Bagudu made the remarks on Monday at a capacity-building workshop organised by the Senate Press Corps in Abuja. He said Nigeria has one of the smallest national budgets among […]
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ABUJA — Former Vice President Atiku Abubakar has called on the Federal Government to provide a detailed account of Nigeria’s existing debt before taking on a proposed $1.5 billion in new World Bank financing. Atiku made the demand on Monday through Phrank Shaibu, Director of Strategic Communications of the African Democratic Congress Presidential Campaign Council. […]
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ABUJA — Nigerians continue to face high petrol and diesel prices as international oil prices put pressure on domestic fuel costs. Recent checks reported petrol prices around ₦1,400 per litre in Lagos and Abuja, with some northern locations recording prices of about ₦1,500. Diesel prices have also remained above ₦2,000 per litre in some locations. […]
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ABUJA — Nigeria is seeking deeper economic and industrial cooperation with Germany, with a focus on investment, technology and industrial development. Minister of Budget and Economic Planning Abubakar Atiku Bagudu said Nigeria wants to turn the longstanding relationship between both countries into more practical economic partnerships. The government says the cooperation should support Nigeria’s productive […]
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ABUJA — Nigeria is reportedly negotiating three new World Bank loans worth about $1.5 billion. Reports say the proposed financing could support climate resilience, social protection and early childhood development. The development comes as Nigeria’s public debt continues to attract attention. The proposed borrowing has therefore renewed discussion about how the government balances development spending […]
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Nigeria’s Minister of Art, Culture, Tourism and the Creative Economy, Hannatu Musa Musawa, says the Federal Government is working to make the creative sector a stronger part of the Nigerian economy. The ministry, created in October 2024 through the merger of the former arts and culture ministry with the tourism ministry, covers areas including film, […]
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Ogun Signs $7bn Deal to Expand Gateway Deep Sea Port The Ogun State Government has signed agreements with DP World for the development of the Gateway Deep Sea Port and the Ogun State Blue Marine Special Economic Zone. The projects are expected to attract more than $7 billion in initial investment and create more than […]
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Nigeria has joined a growing African push to ensure the continent gets greater economic value from its mineral resources. At an Africa Minerals Strategy Group meeting in New York, Shettima called for African countries to reduce dependence on exporting raw minerals. The Nigerian government says Africa should develop processing and manufacturing capacity around critical minerals […]
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LAGOS, Nigeria — September 24, 2026 Organised private-sector groups have welcomed the Central Bank of Nigeria’s decision to cut the Monetary Policy Rate (MPR) from 26.5% to 23%, but say the real test is whether the move will lead to cheaper and more accessible loans for businesses. The Lagos Chamber of Commerce and Industry […]
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