Barbara Bako, Abuja. The Nigeria Sovereign Investment Authority (NSIA) has intensified its investment drive in digital infrastructure and technology innovation, saying the move is aimed at strengthening Nigeria’s competitiveness in the global digital and artificial intelligence (AI) economy
Barbara Bako, Abuja. The Honourable Minister of Defence, General Christopher Gwabin Musa (rtd), has called for an agile, forward-looking and technology-driven defence architecture to enable Nigeria effectively respond to the country’s increasingly complex and evolving security threats. Speaking at
Barbara Bako, Abuja. The Nigeria Sovereign Investment Authority (NSIA) says its investments in Nigeria’s healthcare sector have saved the country more than $200 million in foreign exchange by reducing dependence on overseas medical treatment while expanding access to
Barbara Bako, Abuja. Nigeria’s economy grew by 4.43 per cent in the second quarter of 2026, its fastest pace in over a year, reinforcing the Federal Government’s ambition of building a $1 trillion economy by 2030. The
Barbara Bako, Abuja. The Central Bank of Nigeria (CBN) says diaspora remittance inflows through formal channels climbed to a record $947 million in July 2026, bringing the apex bank within reach of its $1 billion monthly remittance target. The
Nigeria will return to the FTSE Russell Frontier Market Index from September 21, 2026, following the global index provider’s decision to reclassify the country’s capital market from “Unclassified” to “Frontier Market” status. The Federal Ministry of Finance, in a
Barbara Bako, Abuja. The Office of the Tax Ombud and the Oil and Gas Free Zones Authority (OGFZA) have sealed a partnership aimed at boosting investor confidence and attracting more foreign direct investment (FDI) into Nigeria’s oil and
Barbara Bako, Abuja. The National Insurance Commission (NAICOM) has issued fresh licences to additional insurance companies that have met and verified compliance with the minimum capital requirements under the Nigerian Insurance Industry Reform Agenda (NIIRA 2025). The
Barbara Bako, Abuja. The Federal Government says the removal of fuel subsidy generated N15.8 trillion in savings for the Federation between June 2023 and December 2025, with states and local governments receiving N10.4 trillion of the proceeds. Minister
Barbara Bako, Abuja. The Federation Account Allocation Committee (FAAC) has approved the sharing of ₦3.007 trillion to the Federal Government, 36 states and 774 local government councils as revenue for July 2026. The decision was reached at FAAC’s
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