President Bola Tinubu has assured that his administration will continue prioritising the welfare of the poor and most vulnerable even as the economic reforms bear fruit. President Tinubu stated this on Wednesday night in Rio de Janeiro, Brazil, when the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, paid him a courtesy call on the sidelines of the …

The Managing Director and Trade Commissioner of the Japan External Trade Organisation, Takeshi Oku, has stated that Nigeria is still a destination for Japanese investment despite the harsh business terrain. Speaking on the sidelines of the opening ceremony of the Lagos International Trade Fair on Friday, Oku said some Japanese companies have a long history in the Nigerian market, adding …

The Federal Government has reiterated its commitment to ensuring a conducive operational environment for investors in the energy sector, with a specific focus on the oil industry. This assurance was made by the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, during a meeting with the President EP Total Energies, Mr Nicolas Terraz, in Abuja. A statement by …

President Bola Tinubu on Wednesday cautioned against the dire consequences of Africa’s long-standing profile as a supplier of raw minerals to countries of other continents. Extracting raw minerals in Africa, he said, has continued to keep the continent in a state of poverty, making it even more underdeveloped. The Nigerian leader made the observation while delivering his keynote address during …

The Federal Government and the United States of America have signed a Memorandum of Understanding on Commercial and Investment Partnership, marking a significant step in strengthening their economic ties. The agreement was signed on the sidelines of the 2024 AGOA Forum held in Washington DC by the Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, and the U.S. Secretary …

Lagos State Governor, Mr.  Babajide Sanwo-Olu will this morning (Wednesday 23 July 2024) host a carefully selected cast of over 200 investors from around the world at the Pre-Summit Investors’ Roundtable in anticipation of the third Africa Social Impact Summit (ASIS 3.0). The event, scheduled to start from 10 am at the Eko Convention Centre, Eko Hotel & Suites in …

President of the Dangote Group, Alhaji Aliko Dangote has shared that a wealthy friend who had previously advised him against investing in Nigeria is now taunting him for ignoring his advice. This disclosure came amid reports that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) criticised the quality of diesel from the Dangote Refinery. In an interview with newsmen, …

President Bola Tinubu has instructed the Federal Ministry of Solid Minerals Development to only issue mining licenses if they are tied to local value addition. This is to ensure that young Nigerians are actively engaged in economic activities, acquiring skills and contributing to the overall development of the economy. The President gave the directive on Wednesday during the opening session …

Nigeria has recorded a commercial transaction of raw gold sales at the London Bullion Market Association, the Minister of Solid Minerals Development, Dele Alake disclosed on Sunday. He said the sales have delivered a $5m increase in Nigeria’s foreign reserves, 70 plus kilograms of gold refined to the London Bullion Market Good Delivery Standard and successful aggregation of locally mined …

President Bola Tinubu has assured the international business community that Nigeria is ready for serious business as his administration will deal decisively with any and all entrenched interests in the country who undermine investor confidence in the Nigerian economy, pledging to remove all bottlenecks standing in the way of profitable and legitimate enterprise. At the Nigeria-Qatar Business and Investment Forum …