The Akwa Ibom State Government has signed a Memorandum of Understanding (MoU). With Aleph Technical and Advisory Services to professionally manage key government-owned hospitality assets across the State. The agreement includes the management of Ibom Icon and Golf Resort. Four Points by Sheraton, Ibom International Hotel, and the ARISE Palm Resort. This Aleph Technical and…
The Honourable Minister of Finance and Coordinating Minister of the Economy. Mr. Wale Edun, welcomed the Turkish Ambassador to Nigeria, Ambassador Mehmet Poroy, during a courtesy visit to his office on Friday. This meeting builds on President Bola Ahmed Tinubu’s recent state visit to Türkiye. Which marked a key milestone in strengthening Nigeria-Türkiye economic cooperation…
FEDERAL MINISTRY OF FINANCE PRESS STATEMENT The Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun. Has welcomed the latest report from the National Bureau of Statistics (NBS). Which shows Nigeria’s real GDP grew by 4.07% in the fourth quarter of 2025 (Q4 2025). However, This is only the second time in…
BUA Cement Plc has announced its audited financial results for the year ended December 31, 2025, showcasing remarkable growth. The company reported a pre-tax profit of N465.28 billion, a staggering 367% increase compared to N99.63 billion in 2024. Revenue for 2025 surged to N1.18 trillion, marking a 34.56% rise from N876.47 billion in the previous…
African leaders have unveiled the Africa Infrastructure Financing Facility (AIFF). A landmark initiative aimed at unlocking an estimated $2.5 trillion in domestic capital. To fund large-scale, cross-border infrastructure projects across the continent. The facility established by African Union Development Agency (AUDA-NEPAD) in partnership with the Alliance of African Multilateral Financial Institutions. With the goal of…
The Executive Governor of Lagos State has announced the signing of a Memorandum of Understanding (MoU) with the Commonwealth Enterprise and Investment Council (CWEIC), strengthening international investment collaboration ahead of Invest Lagos 3.0 in 2026. The agreement formalised during a courtesy visit by Samantha Cohen, Chief Executive Officer of CWEIC, at Lagos House, Marina. According…
The Federal Government has taken a major step toward expanding access to consumer credit. With the formal inauguration of the Board of the Nigerian Consumer Credit Corporation (CREDICORP). The Board was inaugurated by Vice President Kashim Shettima, who described improved access to consumer credit. As a critical pillar of Nigeria’s ambition to become a $1…
Aliko Dangote has unveiled ambitious plans to construct Africa’s largest detergent feedstock plant. Within the sprawling Dangote Refinery complex, marking another major step in the refinery’s transformation into a full-scale industrial powerhouse. The new facility will produce 400,000 tonnes of Linear Alkyl Benzene (LAB) annually. A critical raw material used in the manufacturing of detergents…
Doris Uzoka-Anite has revealed fresh progress on Nigeria’s infrastructure financing plans. Following a high-level meeting with Maryam Khosrowshahi and her team from Deutsche Bank. In a post shared on X, the Minister of State for Finance disclosed that discussions focused primarily on. Finalizing a proposed $560 million financing package for the Sokoto–Badagry road project. A…
The Honourable Minister of Finance and Coordinating Minister of the Economy. Mr. Wale Edun, has expressed support for the Central Bank of Nigeria’s decision. To lower the Monetary Policy Rate (MPR) by 50 basis points to 26.5%. This decision was made during the 304th Monetary Policy Committee meeting held in Abuja as seen on X….
