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World Bank has revised downward Nigeria’s economic growth projection for 2026 to 4.1 percent, citing persistent structural challenges and global uncertainties. This marks a drop from its October 2025 forecast of 4.4 percent for both 2026 and 2027. The Bank also trimmed its 2027 estimate to 4.2 percent, while projecting a modest rise to 4.3…
Governor of Enugu State, Dr Peter Mbah has announced an immediate and indefinite suspension of daily collection of levies from traders who have no lockup shops, declaring it as illegal, just as the Enugu State Police Command on the same day arraigned two before an Enugu Magistrate Court for stealing and forgery of receipts and…
European Union has identified Nigeria as the highest food-wasting country in Africa, with an estimated 38 million tonnes of food lost annually.The EU disclosed that on Monday during the commemoration of 2026 International Zero Waste Day in Abuja, with the Theme, “Food waste reduction – minimisation and valorisation.”Speaking at the event, EU Deputy Ambassador to…
Governor of the Central Bank of Nigeria, Olayemi Cardoso, has reaffirmed the bank’s commitment to curbing inflation, describing its monetary policy stance as “steadfast” and impactful. Speaking at the CBN Special Day during the ongoing 37th Enugu International Trade Fair in Enugu on Friday, Cardoso said the apex bank’s tight monetary policies have significantly reduced…
Enugu State Government and the United Kingdom, through its United Kingdom Nigeria Infrastructure Advisory Facility (UKNiAF) have successfully carried out a pilot programme introducing an AI-enabled smart metering system to curtail energy theft and eliminate revenue losses in the power sector. This was made known at the Enugu State Investor Forum themed “Driving Revenue Assurance…
Dangote Group ( one of the largest conglomerates in Nigeria) has announced plans to expand its petroleum refinery capacity from 650,000 barrels per day to 1.4 million barrels per day, aimed at boosting local production and tackling the high cost of refined petroleum products in Nigeria. Chairman, Dangote Group of Companies, Aliko Dangote announced this…
Governor of Enugu state, Dr Peter Mbah Tuesday, declared open the 37Th edition of the Enugu International Trade Fai ki g for collaboration, innovation, and renewed focus on Micro, Small bag medium and enterprises (MSMEs) as drivers of economic growth. The event, organised by the Enugu Chamber of Commerce, Industry, Mines and Agriculture, drew government…
Enugu State Governor , Dr Peter Mbah, has showcased Enugu’s economic potential, attracting foreign investors’ interest in the state with prospective investors expressing the readiness to key into opportunities across various sectors of the state’s economy. The governor, who was on the president Tinubu’’s entourage during his state visit to the United Kingdom, spoke at…
Domestic airline operators in Nigeria have expressed concern over the high increase in the price of aviation fuel, saying that the development is placing severe financial pressure on the industry and could soon lead to higher ticket fares for passengers. The Airline Operators of Nigeria (AON) disclosed that the price of Jet-A1, the fuel used…
Enugu State House of Assembly has passed a bill to harmonize taxes and levies across the state into law.. The move is intended to eliminate illegal roadblocks and unauthorized collections that have long burdened residents. The bill, titled “Enugu State Harmonised Taxes and Levies (Approved List for Collection) Law 2026,” underwent thorough deliberations and due…