Nigeria’s export of unprocessed raw materials surged to ₦2.9 trillion in the first nine months of 2025, despite the Federal Government’s intensified push for value-added exports and local processing. Latest data from the National Bureau of Statistics (NBS) showed that raw material exports rose by 147.4 per cent from ₦1.174 trillion recorded in the corresponding …
The Federal Government on Monday, February 23, defended Executive Order 9 (EO9), declaring that the directive is a constitutional enforcement mechanism and not an attempt by the President to usurp the powers of the legislature. It said this in a statement titled 'Executive Order 9: Constitutional Fidelity, Not Executive Overreach,' shared by the Special Adviser, …
Former Vice President Atiku Abubakar has described the low voter turnout in Saturday’s area council elections in the Federal Capital Territory (FCT) as a sign of a political environment “poisoned by intolerance, intimidation, and the systematic weakening of opposition voices.” In a statement issued on Sunday from his Abuja office, Abubakar accused the administration of …
The All Progressives Congress (APC) has won five chairmanship seats in the Federal Capital Territory (FCT) Area Council elections, while the Peoples Democratic Party (PDP) secured one seat. The elections were conducted by the Independent National Electoral Commission (INEC) on Saturday across the six area councils of the Federal Capital Territory, Abuja Municipal Area Council …
The Federal Government and Japan have launched a $50 million Impact Innovation Fund to support Nigerian startups tackling critical social challenges. This follows agreements signed between the Nigeria Sovereign Investment Authority (NSIA) and the Japan International Cooperation Agency (JICA). The signing ceremony, held at the Ministry of Budget and Economic Planning in Abuja on Friday, …
The Federal Government has assured foreign investors in Nigeria’s solid minerals sector of stronger legal protections for their investments, citing the country’s status as a signatory to the Cape Town Convention on International Interests in Mobile Equipment. The Minister of Solid Minerals Development, Dele Alake, gave the assurance during the signing of an Engineering, Procurement …
Nigeria’s capital market contribution to Gross Domestic Product (GDP) has increased to 33 per cent from 13 per cent in April 2024, reflecting its expanding role in the economy. The growth follows a 125 per cent increase in market capitalisation, which rose to N123.93 trillion from about N55 trillion. The Director-General of the Securities and …
The long-awaited FCT Area Council election held on February 21, 2026, has seen the All Progressives Congress (APC) maintain its stronghold, claiming the chairmanship seats in Abuja Municipal Area Council (AMAC), Abaji, and other key regions. The People’s Democratic Party (PDP), however, emerged victorious in Gwagwalada, marking the only defeat for the APC in this …
The Centre for the Promotion of Private Enterprise (CPPE) said Nigeria’s recent rebound in capital importation may be encouraging, but underlying structural risks threaten its sustainability. The economic think tank group gave the warning in a statement on Sunday, signed by its Chief Executive Officer, Muda Yusuf. It noted that total capital inflows rose to …
Yiaga Africa has identified a series of operational lapses and integrity concerns that marred the Federal Capital Territory (FCT) Area Council elections held on Saturday, February 21, by the Independent National Electoral Commission (INEC). In a preliminary statement on the exercise, the civic organisation cited the late opening of polling units, redistribution of voters without …
