The Alliance for Economic Research and Ethics Ltd/GTE has called for predictable, multi-year funding for the Nigerian Education Loan Fund (NELFUND), warning that uncertainty over its financing could undermine efforts to expand access to higher education. The organisation also urged the Federal Government to strengthen transparency and accountability in the student loan scheme, including publishing …
The Federal Government has proposed requiring major economic policy changes to undergo an impact assessment before implementation to reduce policy uncertainty, improve investor confidence, and create a more predictable business environment. The proposal is contained in the Nigeria Economic Policy Framework presented by Taiwo Oyedele, Minister of Finance and Coordinating Minister of the Economy, at …
Financial Services Innovators (FSI), with sponsorship from the Nigerian Communications Commission (NCC), has selected 15 female students from Northern Nigeria for industry internships after completing an eight-week software testing training programme that attracted 590 applications. The programme, which ran from August 8 to September 26, 2026, reached female students across Kano, Nasarawa, Bauchi, Sokoto and …
The Nigerian Exchange Group Plc (NGX Group) recorded ₦912.06 million in other operating income in the nine months ended September 30, 2026, which rose 42.1 per cent from ₦641.86 million a year earlier. The increase represents an additional ₦270.20 million in income from the combined category, comprising NGX Group's penalties with market development income, X-Academy …
First HoldCo Plc had about 80 per cent of its cash and central bank balances locked up as mandatory reserves as of September 30, 2026, limiting funds available for lending and daily operations even as the group expanded its deposits and raised fresh capital. The group’s Q3 2026 financial statements show that it held ₦5.65 …
The Federal Government has confirmed an Ebola virus disease case in the Federal Capital Territory and identified 44 contacts, urging passengers who travelled with the infected woman to cooperate with public health authorities as efforts to contain the infection continue. The Minister of Health and Social Welfare, Prof Muhammad Pate, made the appeal on Tuesday …
Deutsche Bank AG has added Nigeria to its frontier foreign exchange monitor, forecasting further appreciation of the naira but warning that rising government borrowing could threaten the currency’s gains. According to Bloomberg, the German lender said in a client note on Monday that the naira remained undervalued, supported by attractive returns on naira investments and …
The Securities and Exchange Commission (SEC) is targeting a ₦750 trillion Nigerian capital market by 2036, up from about ₦250 trillion, under a 10-year plan to expand investment, mobilise domestic savings and provide long-term financing for economic development. Vice President Kashim Shettima unveiled the Nigerian Capital Market Master Plan 2.0 at the National Capital Market …
The Alliance for Economic Research and Ethics has challenged Mustafa Chike-Obi’s claim that Nigeria loses more than $10 billion annually from maintaining its foreign reserves, arguing that the calculation does not establish the actual cost of holding the country’s external assets. In a policy essay issued on October 18, the Alliance’s chairman, Dele Kelvin Oye, …
Nigeria’s entertainment and media industry is projected to grow to $5.3 billion by 2030, but heavy spending on connectivity raises questions about how much value local content producers, streaming platforms, gaming companies, and digital advertisers can capture as the market expands. The latest Africa Entertainment and Media Outlook 2026–2030 by PricewaterhouseCoopers (PwC) forecasts that Nigeria’s …
