President Bola Tinubu on Monday signed the 2024 Appropriation Bill into law in keeping with his commitment to maintaining a timeous, predictable, and efficient budget cycle for the country. The top priorities of the 2024 budget of N28.7 trillion include defence and internal security, job creation, macro-economic stability, improved investment environment, human capital development, poverty […]
Researchers at Comercio Partners, a leading trading, investment and advisory services providers have projected that Nigeria’s inflation would sustain the current surging trend in the months ahead, despite ongoing policy measures by the Central Bank of Nigeria (CBN) and the fiscal authorities to moderate the general price level in the economy. The experts, in the […]
…..As Agency Signs MoU for Coal-based Fertilizers Plants The National Agency for Science and Engineering Infrastructure (NASENI) has signed an agreement worth $21.7 million with eleven firms in Nigeria as beneficiaries for take-off of the Delta-2 Projects, being one of the outcomes of the bilateral collaboration between the Federal Government of Nigeria and the […]
As projected by many analysts and economic experts, Nigeria’s headline inflation rose to 28.20% in November this year, representing 0.87 % increase over the 27.33% recorded in the preceding month. The National Bureau of Statistics (NBS) on Friday in its ‘CPI and Inflation November 2023’ report published on its website indicated that on a month-on-month […]
The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has again warned that the introduction of a carbon border tax by the European Union (EU) could push Africa back into exporting raw commodities and undermine its industrialisation gains. The European Union recently launched the initial phase of a Europe-wide carbon tax on imported goods […]
The United Nations Industrial Development Organization (UNIDO) has expressed its interest to partner the National Agency for Science and Engineering Infrastructure (NASENI) to reduce energy poverty through the domestication of renewable energy solutions and to fast-track industrial development in Nigeria. The Deputy Head, UNIDO Nigeria Office, Mr. Adekunle Olusile, who led a delegation on a […]
As anxieties continue to mount over Nigeria’s rising inflation rate associated largely to spiking food prices, economists at the Centre for the Study of the Economies of Africa (CSEA), a leading Afro-focused economic research and consulting firm, have charged the governments to commit more resources to agricultural programmes and adopt other fiscal measures to reduce […]
Aon, a global re/insurance brokerage firm, has announced its partnership with the African Development Bank (AfDB), and Amini, an innovator in space technology and artificial intelligence, to increase crop insurance capacity across Africa, support smallholder farmers’ resilience and accelerate the use of nature positive practices. The partnership is also expected to help in reducing supply […]
Nigeria recorded a trade surplus of N1.89 trillion in the third quarter of 2023, which is higher than the N1.25 trillion in the preceding quarter, the National Bureau of Statistics (NBS) has reported. The statistics agency, in its latest ‘Foreign Trade in Goods Statistics Q3 2023’ report published on Monday, reported that in the quarter […]
The Federal Government has approved a 50% reduction in the cost of agricultural inputs for farmers, aligning with the commencement of dry season farming, which kicked off last Saturday nationwide. The Federal Ministry of Agriculture and Food Security in a statement on Friday disclosed that the Minister of Agriculture, Abubakar Kyari, will lead the launch […]