Vice President Kashim Shettima has identified Imo State as a major pillar in Nigeria’s economic diversification agenda, declaring it a new growth frontier primed for rapid development in key sectors. Speaking on Thursday at the Imo State Economic Summit 2025 in Owerri, Shettima said the state is ready for rapid growth in technology, gas utilisation, agro-industrial processing, and small and medium-scale enterprises (SMEs). He stressed that national prosperity is only…

The Central Bank of Nigeria (CBN) has increased cash withdrawal limits on all channels to N500,000 weekly for individuals and N5 million for corporates. This was announced in a circular on Tuesday as the apex bank pegged automated teller machine (ATM) withdrawals at N100,000 daily, with a weekly cumulative withdrawal of N500,000. The CBN said the cash-policy update is part of a broader push to lower cash-handling costs, improve public…

Vice President Kashim Shettima has called on state governments, federal ministries, departments and agencies (MDAs), and the organised private sector to intensify efforts in advancing Nigeria’s business environment. Speaking yesterday in Abuja at the Presidential Enabling Business Environment Council (PEBEC) Gala and Awards Night, he acknowledged the year’s successes as a “triumph of collaboration over silos”. He stressed that the collective commitment of all 36 states, MDAs, and other stakeholders…

The Lagos State Commissioner for Tourism, Arts and Culture, Toke Benson-Awoyinka has unveiled the 2025 “Light Up Lagos” Festive Illumination. The initiative, sponsored by Nigerian Breweries Plc, aims to enhance the state’s beauty and stimulate tourism during the Yuletide season. The unveiling ceremony took place at the Chief Obafemi Awolowo Monument on Obafemi Awolowo Way, Ikeja. READ ALSO: Lagos not for ‘political apprentices’, APC tells ADC The commissioner, represented by Olajumoke…

Vice President Kashim Shettima has welcomed an offer from India’s Schoolnet India Ltd & Learnet Skills Ltd to partner with Nigerian public and private entities to introduce its KYAN smart class solutions in the nation’s schools. Shettima, who received the delegation led by Managing Director/CEO RCM Reddy on Monday, described the project as potentially very beneficial for primary and secondary schools, provided it is “domesticated with local content.” The KYAN…

Nigeria’s economy grew by 3.98 per cent in the third quarter of 2025, slightly higher than the 3.86 per cent recorded in the same period of 2024, according to the latest Gross Domestic Product report published by the National Bureau of Statistics (NBS) on Monday. The data shows that although the country continues to experience moderate and uneven recovery, key non-oil sectors helped stabilise overall performance. The NBS report stated:…

The National Orientation Agency (NOA) has affirmed its commitment to leading public enlightenment campaigns to ensure the effective implementation of the Federal Government’s tax reforms, which are set to take effect with the new Tax Act in January 2026. The commitment was made yesterday in Abuja by the agency’s Director-General, Lanre Issa-Onilu, during a courtesy visit by the Presidential Committee on Fiscal Policy and Tax Reforms, led by its chairman,…

Nigeria and Tunisia have agreed to strengthen their economic cooperation, focusing on accelerating trade and investment between the two nations. This commitment was made during a meeting between the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Minister of Economy and Planning, Samir Abdelhafidh. The meeting was held on the sidelines of the AATB and AHEB in Abuja. READ ALSO: Tinubu appoints Ribadu, Doro, others to…

Lagos State Governor Babajide Sanwo-Olu has unveiled details of the proposed Lagos Greenline Railway, dubbed Project Green, at the Africa Investment Forum in Rabat, Morocco. The governor revealed this in a statement posted on his X page on Thursday. The presentation, made to partners from the Federal Government, the Ministry of Finance Incorporated (MOFI), and the Lagos Metropolitan Area Transport Authority (LAMATA), focused on attracting investment for the environmentally responsible transportation…

The Presidential Fiscal Policy and Tax Reforms Committee has confirmed that virtual currencies will be subject to taxation under Nigeria’s new tax reform framework. The committee’s chairman, Taiwo Oyedele, disclosed during an online public lecture hosted on Wednesday by the Capital Market Academics of Nigeria. According to the News Agency of Nigeria, virtual currency refers to a digital or electronic representation of value that exists solely online and has no…

Business mogul Tony Elumelu has challenged Nigerian entrepreneurs and policymakers to shift their focus from mere business survival to building enduring institutions that can sustain the nation’s economic transformation. In a statement posted on his Facebook page on Tuesday, the philanthropist argued that too many great ideas fail because the necessary support ecosystem is absent. He stressed that sustainable businesses, not government handouts or foreign aid, are the true engine…

Nigeria has taken a definitive step toward its clean energy future with the launch of a new Wind Energy Blueprint, formally endorsed by the National Council on Climate Change (NCCC) at the ongoing COP30 summit in Belem, Brazil. The blueprint, developed by Oando Clean Energy Limited, is hailed by the government as a crucial tool for transforming the nation’s climate commitments into actionable projects. READ ALSO: Nigeria to host trade summit…