Hafsat Ibrahim

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Agric Sector Grew by Only 12% in 5 Years – Report

Nigeria’s agricultural sector recorded only a marginal growth in the past five years, expanding by just 12 percent between 2019 and 2024, according to a Quartus Economics report.

Subsidy Removal Freeing Up Funds for Southeast Infrastructure Projects – NOA

The National Orientation Agency (NOA) says petrol subsidy removal is freeing funds for infrastructure projects in Enugu and Ebonyi.

Debt-to-GDP Ratio to Hit 60% by 2027

The federal government has approved Nigeria’s medium-term debt management strategy (MTDS) for the 2024-2027 fiscal year, pegging the debt-to-gross domestic product (GDP) ratio at 60 percent.

Africa Moves to Unlock $200bn Refining Capacity

Africa is set to add 1.2 million barrels per day (bpd) of new refining capacity by 2030, marking one of the fastest downstream expansions globally, according to the newly released 2025 OPEC World Oil Outlook.

Profit-Taking Triggers N2.29tr Loss in Nigerian Equities

Nigerian equities closed weekend with their biggest loss in recent period as investors scrambled to lock in capital gains on several leading stocks in the financial services and industrial goods sectors.

Customs Confiscates Undeclared $2.2m Cash at Airports in Seven Months

The Nigeria Customs Service (NCS) has made significant seizures of undeclared cash at various airports across the country between January and July 2025, totalling $2.209m.
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