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FG Calls for Youth, SME and Technology Investment to Build Nigeria’s Value-Chain Economy

By: Yetunde Aiyedogbon The Federal Government wants more investment in young people, small businesses and technology, backed by stronger partnerships with the private sector, to move Nigeria from a trading economy to one built on value chains. Ambassador Sola Enikanolaiye, Minister of State for Foreign Affairs, made the call on a panel titled “From Trade…

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Dangote Refinery IPO Reaches Fundraising Target on Domestic and Retail Demand Alone

By: Ganiyu Olayinka Dangote Petroleum Refinery’s initial public offering has secured enough commitments from Nigerian and retail investors to meet its fundraising target, Bloomberg reported. Overseas investors may now face limited allocations. Citing people familiar with the matter, Bloomberg said domestic and retail investors have put in between $1.5 billion and $1.6 billion in fully…

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Oyedele unveils draft Nigeria Economic Policy Framework at NES32, seeks end to “policy uncertainty”

By: Tunji Okunlola Finance Minister Taiwo Oyedele has presented a draft Nigeria Economic Policy Framework for public consultation, saying it is meant to end ad-hoc, shifting policymaking that he said undermines investment and job creation. Delivering the opening presentation at the 32nd Nigerian Economic Summit (NES#32) in Abuja, Oyedele said Nigeria has produced many economic…

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Court rejects El-Rufai’s no-case plea, orders him to enter defence in phone-tapping trial

By: Seun Kabir The Federal High Court in Abuja has dismissed a no-case submission by former Kaduna State Governor Nasir El-Rufai in his trial over the alleged interception of the telephone communications of National Security Adviser Nuhu Ribadu. Justice Joyce Abdulmalik ruled on Monday that the prosecution had presented enough evidence to require El-Rufai to…

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NESG chairman: Nigeria’s next reform phase must cut production costs and deliver jobs

By: Tunji Okunlola The next stage of Nigeria’s economic reforms must focus on lower production costs, reliable infrastructure, productive investment and more effective public spending, the chairman of the Nigerian Economic Summit Group (NESG), Olaniyi Yusuf, has said. Speaking on Monday at the 32nd Nigerian Economic Summit (NES32), Yusuf said the country must now move…

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