Nigeria’s fiscal outlook remains under severe pressure despite what appears to be a gradual improvement in some key debt indicators, the Nigerian Economic Summit Group (NESG) has warned in its latest Debt Burden Monitor for 2025. The report revealed that although Nigeria’s Debt Burden Index (DBI) declined from a record 83.6 points in 2023 to …
Transnational Corporation Plc (Transcorp Group) has declared a total dividend of ₦20,323,995,148, translating to ₦2.00 per share, for its shareholders at its 20th Annual General Meeting (AGM) held at the Transcorp Centre in Abuja. The dividend comprises an interim payment of ₦4,064,799,030, representing 40 kobo per share, which was paid in August 2025, and a …
The Nigeria Customs Service (NCS) says it is deepening its commitment to global best practices in revenue generation, trade facilitation, and border security through its ongoing Trade Modernisation Project (TMP), a major reform drive aimed at transforming how goods are processed across the country’s entry points. The Comptroller-General of Customs, Adewale Adeniyi, made this known …
The National Pension Commission (PenCom) has said that only seven states and the Federal Capital Territory (FCT) are fully implementing pension reform laws, leaving millions of civil servants uncertain about their retirement future. The Director-General of PenCom, Omolola Oloworaran, reportedly disclosed this on Thursday in Abuja during a consultative session with heads of service from …
Nigeria’s private sector has entered 2026 on a fragile path, with businesses facing rising risks around customers, technology, and talent despite signs of economic recovery. This is according to a new report by the Nigerian Economic Summit Group (NESG), released recently. The report, titled Nigeria Private Sector Outlook 2026: The Productivity Imperative for Nigerian Businesses, …
Rising debt and repeated political standoffs have ended the United States’ long-standing run at a perfect triple-A credit rating, according to DataPro in its Monthly Rating Brief for May. The Nigerian technology-driven Credit Rating Agency noted that for years, the US was widely seen as the safest borrower in the world, with its ability to …
The Debt Management Office (DMO) has opened subscriptions for the May 2026 FGN Savings Bond on behalf of the Federal Government of Nigeria, offering returns of up to 14.525 per cent to retail investors seeking safe and steady income. The debt office announced this in a circular on Monday, May 4, stating that the offer …
The Nigerian stock market delivered a powerful performance in April 2026, with investors adding nearly ₦27 trillion in value in just one month as strong corporate earnings and a global energy shock drove widespread buying across key sectors. At the heart of the rally was a sharp rise in market capitalisation, which climbed from ₦129.21 …
Nigeria’s economic activity slipped into contraction in April 2026, as rising global tensions and weakening demand slowed business performance across key sectors, according to the Central Bank of Nigeria (CBN). The CBN's latest Purchasing Managers’ Index (PMI) report showed the composite index fell to 49.4 points, dropping below the 50-point mark that separates growth from …
The Alliance for Economic Research and Ethics Ltd/Gte has faulted the Federal Government’s ₦1 billion Micro, Small, and Medium Enterprises (MSME) awards scheme, describing it as a “lottery dressed as policy” that will do little to solve the real problems facing small businesses in Nigeria. In a statement released on Monday, April 27, the group …
