The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has projected that Nigeria’s creative sector could generate up to $25 billion, following the completion of the National Arts Theater (NAT) upgrade. This historic edifice, refurbished by the Bankers Committee, is expected to serve as a major catalyst for economic growth through the creative […]
President Bola Ahmed Tinubu has advocated for enhancing Nigeria’s National Quality Infrastructure (NQI) to boost trade, economic diversification, and the nation’s global competitiveness. He emphasized the critical role of quality assurance in facilitating seamless international trade and promoting industrial growth. Driving Economic Growth Through Quality Assurance Represented by the Secretary to the Government of the […]
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Nigeria on the Brink of Food Security: Agric Minister Declares The Minister of Agriculture and Food Security, Abubakar Kyari, has reinforced President Bola Tinubu’s steadfast commitment to ensuring all Nigerians have access to abundant and nutritious food. Speaking at the launch of the 2025 dry season farming initiative and the distribution of Ramadan palliatives in […]
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President Tinubu Greenlights Recruitment of 774 National Health Fellows to Boost Healthcare President Bola Tinubu has approved the employment of 774 National Health Fellows as part of a groundbreaking initiative led by the Federal Ministry of Health. This strategic move aims to strengthen Nigeria’s healthcare workforce and improve service delivery across all local government areas. […]
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AfriGO, Nigeria’s national domestic card scheme, has partnered with PalmPay to roll out over 5 million AfriGO payment cards nationwide. This strategic alliance aims to boost financial inclusion, enhance digital transactions, and provide Nigerians with secure and cost-effective payment solutions. Transforming Nigeria’s Digital Payment Ecosystem The partnership between AfriGO and PalmPay is set to revolutionize […]
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Lagos, Nigeria’s economic hub, is facing an unprecedented rent crisis, with both high-end and affordable housing experiencing sharp increases in rental costs. The situation is exacerbating economic hardships for residents, impacting families, businesses, and commuting patterns across the city. Housing Shortage and Economic Reforms Driving Rent Increases Lagos has long struggled with a housing deficit, […]
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The Ikeja Electricity Distribution Company (IKEDC) has reportedly cut off the power supply to the Nigerian Air Force (NAF) base in Lagos due to alleged outstanding electricity bills, according to the News Agency of Nigeria (NAN). Power Cut Sparks Security and Operational Concerns An investigation by NAN revealed that the power disconnection has severely impacted […]
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Full List: Areas in Lagos Affected by NERC’s Electricity Tariff Increase Nigeria’s power sector has recently achieved a record-high electricity generation of 5,801.84 megawatts. According to the Minister of Power, Chief Adebayo Adelabu, the proposed electricity tariff increment will push the nation’s available power generation capacity to approximately 7,000MW. How Tariff Reforms Will Drive Power […]
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An unattended gas cooker led to a devastating fire outbreak in the Oke-Apomu area of Ilorin, Kwara State, on Wednesday, resulting in the destruction of seven rooms in a 20-room residential building. Fire Incident in Ilorin: Seven Rooms Razed According to reports from LMSINT MEDIA, the fire erupted around 2 PM at Alfa Koro Compound, […]
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ONITSHA— The National Agency for Food, Drug Administration and Control (NAFDAC) has intensified its crackdown on counterfeit drugs, revealing the seizure of 50 trailer loads of fake and substandard pharmaceuticals at the Niger Bridgehead drug market in Onitsha, Anambra State. In the course of the operation, NAFDAC’s security team also recovered two rifles, live cartridges, […]
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Oil Price Decline Raises Concerns Over Budget 2025 Revenue Target The price of Bonny Light, Nigeria’s premium crude, has experienced a significant decline, dropping by 20% to $67 per barrel from $84.02 per barrel in January 2025. This sharp fall raises concerns about the Federal Government’s ability to meet its 2025 budget revenue target, which […]
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The New Partnership for Africa’s Development Business Group Nigeria (NBGN) has embarked on a strategic rebranding initiative aimed at accelerating Nigeria’s economic development and fostering sustainable business growth. NBGN’s Renewed Commitment to Economic Development In a statement released to Vanguard, Bashorun Randle, Chairman of NBGN, highlighted the organization’s longstanding role in promoting economic advancement, regional […]
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Tragic Lagos Building Collapse Claims Two Lives, 14 Rescued from Rubble A devastating building collapse occurred on Tuesday when a two-storey structure with a penthouse under construction gave way on Oriwu Street, Lekki, Lagos. The incident, which happened around 4 p.m., left two construction workers dead, while 14 others were successfully pulled from the debris. […]
