economy Archives - Aluta News

Naira’s Modest Gain: A Sign of Stability or a Brief Respite in Nigeria’s Currency Saga?

On: December 13, 2025

The Nigerian Naira closed the trading week on December 12, 2025, with a marginal appreciation of 0.11%, reaching N1,454.41 against the US dollar in the official market. This slight gain of N1.65 concludes a week characterized by minimal volatility and minor fluctuations, indicating a period of relative stability for the currency. The data underscores a tightly controlled official exchange rate with movements measured in single-digit percentages, suggesting deliberate central bank management. For executives, this signalsContinue Reading

Gov. Bago strikes $5bn sugar deal to transform Niger economy

By: Gambo Jagindi

On: November 22, 2024

In: NEWS

Aluta News Gov. Muhammed Bago of Niger says the five billion dollars Memorandum of Understanding (MoU) signed by the Niger Foods and Uttam Sucrotech International Ltd. will transform the economy of the state. Bago said this during the signing of the MoU by the Niger Foods and Uttam Sucrotech InternationalContinue Reading

Tinubu’ll restore Nigeria’s economic prosperity–Information Minister

By: Gambo Jagindi

On: September 10, 2023

In: NEWS

By Aluta News Sept 10, 2023 Alhaji Mohammed Idris-Malagi, the Minister of Information and National Orientation, says President Bola Tinubu is fully committed to restore the economic prosperity of Nigeria. Idtis-Malagi disclosed this in an interview with the News Agency of Nigeria (NAN) on Saturday in Minna, Niger on theContinue Reading

FG will borrow from anywhere now – Finance Minister

By: Gambo Jagindi

On: August 28, 2023

In: Economy & Business

By Aluta News Aug 28, 2023 The Federal Government has no intention to borrow from any local or foreign organisation with its removal of subsidy on petrol and exchange rate harmonisation. The Minister of Finance and Coordinating Minister for the Economy, Chief Wale Edun, revealed this at the end ofContinue Reading

Nigeria’ll not sustain failed economic theory- Tinubu

By: Gambo Jagindi

On: August 28, 2023

In: Economy & Business

By Aluta News Aug 28, 2023 President Bola Tinubu says Nigeria will not sustain failed economic theory that wasted 90 per cent of revenue in the servicing of external debts that can be used for development. The president gave the assurance this at the opening of the Annual General ConferenceContinue Reading

Economist lauds Tinubu on sectors bailout, harps on local refining

By: Gambo Jagindi

On: August 1, 2023

In: Economy & Business

By Aluta News Aug 1, 2023 Dr Chris Kalu, an Economist has commended President Bola Ahmed Tinubu for rolling out palliatives for some sectors of the economy. Kalu, a lecturer at the Department of Economics, Nnamdi Azikiwe University, Awka said this on Tuesday while reacting to the national broadcast byContinue Reading

AfDB pledges support towards boosting Nigeria’s economy

By: Gambo Jagindi

On: June 25, 2023

In: NEWS

By Aluta News June 25, 2023 The African Development Bank (AfDB) President, Dr Akinwumi Adesina, has pledged the Bank’s support toward revamping Nigeria’s economy. Adesina, made the pledge during a meeting with Nigeria’s President, Bola Tinubu at the New Global Finance Pact Summit in Paris. The AfDB president, via hisContinue Reading

Global economy needs Nigeria, says IMO Secretary-General

By: Gambo Jagindi

On: November 21, 2022

In: Economy & Business

By Aluta News Nov. 21, 2022 The Secretary-General of the International Maritime Organisation (IMO), Mr Kitack Lim, has described Nigeria as a very important country not only to Africa, but to the global economy. This is contained in a statement signed by Mr Osagie Edward, Assistant Director, Public Relations, NigerianContinue Reading

I’ll leverage agriculture, tourism, mining to improve Plateau GDP – Dakum

By: Gambo Jagindi

On: October 30, 2022

In: POLITICS

By Aluta News Oct. 30, 2022 Dr Patrick Dakum, Labour Party (LP)’s governorship candidate for Plateau has promised to leverage agriculture, tourism and mining to improve the state’s economy if elected in 2023 Dakum, who spoke to newsmen on the sidelines of the party’s presidential campaign flag off on SaturdayContinue Reading

Telecom industry contributes $70b to nation’s economy, creates 500,000 jobs- Danbatta

By: Gambo Jagindi

On: October 24, 2022

In: NEWS

By Aluta News Oct. 24, 2022 Executive Vice Chairman(EVC) of Nigerian Communications Commission(NCC), Prof. Umar Danbatta said technology-driven telecommunications industry has contributed $70 billion to Nigeria’s economy. Danbatta said that the industry had provided over 500,000 jobs in the public and private sectors and improved the lives of millions ofContinue Reading

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economy

Naira’s Modest Gain: A Sign of Stability or a Brief Respite in Nigeria’s Currency Saga?

Gov. Bago strikes $5bn sugar deal to transform Niger economy

Tinubu’ll restore Nigeria’s economic prosperity–Information Minister

FG will borrow from anywhere now – Finance Minister

Nigeria’ll not sustain failed economic theory- Tinubu

Economist lauds Tinubu on sectors bailout, harps on local refining

AfDB pledges support towards boosting Nigeria’s economy

Global economy needs Nigeria, says IMO Secretary-General

I’ll leverage agriculture, tourism, mining to improve Plateau GDP – Dakum

Telecom industry contributes $70b to nation’s economy, creates 500,000 jobs- Danbatta

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