Nigeria’s return to a J.P. Morgan global bond index after 11 years could become more than a reputational boost for the country if the renewed access to international investors helps reduce the cost of government borrowing and ease its growing debt-service burden. J.P. Morgan, a leading global financial services firm, has announced the inclusion of …
President Bola Ahmed Tinubu has urged BRICS to overhaul global governance and international financial institutions, saying emerging economies need a more representative system that reflects today’s economic and demographic realities. Tinubu made the call at the 2026 BRICS Summit in New Delhi, India, in an address delivered on his behalf by Vice President Kashim Shettima, …
The Centre for the Promotion of Private Enterprise (CPPE) has warned that restoring universal petrol subsidy could cost the Nigerian government nearly ₦20 trillion annually, creating a bigger fiscal, debt, foreign-exchange, and investment problem for the economy. In a policy brief issued on Sunday, September 13, 2026, CPPE Chief Executive Officer Dr. Muda Yusuf said …
The presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has called for economic policies aimed at restoring investor confidence, reducing the cost of doing business and making energy and transportation more affordable in Nigeria. Atiku made the call in a statement issued on Tuesday by his Senior Special Assistant on Public Communication, Phrank …
Nigeria’s merchandise trade surplus surged 101.32 per cent year-on-year to ₦12.60 trillion in the second quarter (Q2) of 2026, up from the surplus recorded in Q2 2025 The surge was buoyed by strong export earnings from crude oil, petroleum products and other raw materials. According to the Foreign Trade in Goods Report released by the …
Nigeria’s economy is gaining momentum, with growth accelerating to 4.43 per cent in the second quarter of 2026 and foreign exchange reserves climbing to a 17-year high of $53.11 billion. The improvement in headline indicators, however, has yet to translate into meaningful gains for millions of Nigerians, the Alliance for Economic Research and Ethics has …
Nigeria's ₦70,000 minimum wage may have represented a historic increase when it replaced the previous ₦30,000 wage floor, but a fresh comparison of minimum wages across three major African economies reveals a far more troubling reality. After adjusting for differences in the prices of goods and services, the purchasing power of Nigeria's minimum wage is …
Nigeria’s economy is gaining momentum and remains on track towards the Federal Government’s target of becoming a $1 trillion economy by 2030. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said in a statement on Tuesday, following the stronger growth recorded in Nigeria’s gross domestic product (GDP) in the second quarter …
There are concerns that Nigeria's progress toward becoming a refining hub and achieving energy self-sufficiency has come under threat as domestic crude supply shortages have led to a surge in imports in recent months. While domestic production of refined petroleum products has surged over the past two years, a sharp drop in local crude supply …
The Centre for the Promotion of Private Enterprise has called on the Federal Government to ensure that Nigeria’s strongest quarterly economic growth in five years translates into jobs, rising household incomes and lower poverty. It made the call in a policy brief, issued on Tuesday by the Chief Executive Officer of CPPE, Dr Muda Yusuf. …
