PwC Nigeria has projected Nigeria's Gross Domestic Product (GDP) to grow by 3.4 per cent in 2025, building on the 2.7 per cent growth recorded in 2024. This growth is primarily supported by higher crude oil production and strengthened performance in key sectors, including finance & insurance, ICT, construction, and real estate. Nigeria's recent GDP …
The Alliance for Economic Research and Ethics LTD/GTE has issued a strong call for clarification from the Nigerian government regarding its recent ban on the export of raw shea nuts. In a strategic move aimed at maximising the potential of Nigeria’s shea industry, President Bola Ahmed Tinubu announced a six-month ban on the export of …
In a strategic move aimed at maximising the potential of Nigeria’s shea industry, President Bola Ahmed Tinubu announced a six-month ban on the export of raw shea nuts. This bold decision, effective immediately, is designed to curb the export of unprocessed shea, encourage local processing, and position Nigeria to capture a larger share of the …
Nigeria’s external reserves have been projected to reach $45 billion by the end of 2025, bolstering efforts by the Central Bank of Nigeria (CBN) to stabilise the naira and pave the way for economic growth. This comes as external reserves have recorded a steady rise in recent times, reaching $41 billion on Tuesday, August …
Victor Ezeja The Manufacturers Association of Nigeria (MAN) has opposed the Nigeria Customs Service (NCS)'s recent reintroduction of a 4 per cent Free on Board (FOB) charge on imports, which took effect on 4 August 2025. This levy, which is applied to the total value of goods before shipment, has sparked significant concern due to its potential to …
By Rafiyat Sadiq President Bola Tinubu has ordered the immediate suspension of raw shea butter nut exports for six months, declaring that Nigeria must stop exporting poverty and start creating wealth locally. The president, in a statement shared on his official X account on Tuesday, said the decision was part of his administration’s effort to …
Nigeria’s Minister of Information and National Orientation, Mohammed Idris, has hailed the new Bilateral Air Services Agreement (BASA) with Brazil as a “significant breakthrough.” He said the pact would reconnect both nations economically, socially, and culturally. Speaking in Brasília on Monday after the signing ceremony attended by President Bola Tinubu and Brazilian President Luiz Inácio …
For decades, the Nigerian Customs Service (NCS) served as a crucial public window into the nation’s trade pulse. Researchers, business owners, and investors could visit its website to access a wealth of trade statistics, import and export volumes, commodity breakdowns, trade route patterns, and details of Nigeria’s major trading partners. Today, that window is almost …
Nigeria's significant decline in Foreign Direct Investment (FDI) is a pressing economic issue, reflecting deep-seated structural weaknesses and investor apprehensions. The latest Capital Importation report released by the National Bureau of Statistics reveals that Foreign Direct Investments into Nigeria fell sharply by 70.06 per cent quarter on quarter to $126.29 million in the first quarter …
By Esther Ososanya Nigeria's job market is increasingly testing the resilience of graduates and young professionals, with new reports highlighting three growing challenges: fake job adverts, unfair employment processes, and the infamous “experience trap.” In an exclusive interview with Pinnacle Daily, finance assistant administrative officer Bashir Ibrahim, tech entrepreneur Fred Johnson, and workplace commentator Olumuyiwa …
