The Federal Government has committed more than N10.5 billion to its Digital Training Academy (DTA), an initiative aimed at equipping 32,000 Nigerians with globally competitive digital and professional skills. Minister of Education, Tunji Alausa, disclosed this on Monday in Abuja at the official launch of the academy. Alausa said the programme was designed to bridge…
Federal government says stronger GDP growth and economic reforms are positioning Nigeria to achieve its $1tn economy target by 2030. Inspired by the second quarter (Q2) real Gross Domestic Product (GDP) growth of 4.43 per cent, up from 3.89 per cent in the preceding quarter, the federal government has declared that Nigeria was well positioned…
Nigeria’s foreign reserves climb to $53.11 billion, nearing a 2009 record as higher oil earnings boost dollar inflows. Nigeria’s external reserves have risen above $53 billion for the first time in more than 17 years, reaching $53.11 billion as of August 24, 2026. Data from the Central Bank of Nigeria (CBN), checked by Nairametrics, showed…
Dangote Refinery has expanded free fuel delivery to four more states, cutting marketers’ logistics costs and creating room for lower prices. Dangote Petroleum Refinery & Petrochemicals has expanded its free petroleum product delivery initiative to Kano, Imo, Anambra and Nasarawa States as part of efforts to reduce distribution costs and create room for lower petrol…
Nigeria and the African Development Bank (AfDB) have renewed calls for African countries to take greater control of the continent’s vast mineral resources through local value addition, regional cooperation, strategic financing and ownership of mineral data to ensure that Africa derives greater economic benefits from its natural wealth. The call was made at the Ministerial…
The Senate Committee on Finance on Monday opened a fresh probe into the federal government’s issuance of Import Duty Exemption Certificates (IDEC) valued at about N34 trillion between March 1, 2000 and December 2025. The panel raised concerns over their impact on government revenue even as the Nigeria Customs Service (NCS) defended the waivers as…
Gas marketers have raised concerns about the scarcity of Liquefied Petroleum Gas (LPG), otherwise known as cooking gas, and rising prices, which have risen to as high as ₦1,500 per kg from about ₦1,300 per kg, depending on the area. A press statement by the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) on…
Fresh shipment data presented by S&P Global Energy has shown that Dangote Refinery is rapidly expanding its jet fuel exports across Europe, with cargoes now heading to the United Kingdom, Netherlands, France, Spain and Italy, as well as Morocco. The data, presented during an industry briefing in Kazakhstan on Wednesday, highlighted rising export volumes of…
Food inflation has crossed 20% in states including Enugu, Kwara, and Adamawa, worsening Nigeria’s rising cost of living crisis as Eid-il-kabir approaches Food inflation has risen above 20% in 11 Nigerian states. Enugu, Kwara, Adamawa, and Niger are among the worst-hit states. Rising prices of staple foods continue to increase pressure on households. Food inflation…
Nigerian crude is again edging towards $120 per barrel as the conflict in the Middle East shows no sign of ending. The PUNCH reports that data from the Central Bank of Nigeria showed that Bonny Light, Nigeria’s flagship crude oil grade, traded at about $117 per barrel, gradually returning to its April level when prices…
