President Bola Tinubu's administration entered the third quarter of 2025 with a promise to stabilise the economy, boost growth and invest heavily in infrastructure. On the surface, some of the numbers appear encouraging. Economic growth strengthened, inflation slowed sharply, and non-oil revenue collections exceeded expectations. Beneath those positive indicators, however, the government's budget implementation report …
Nigeria is positioning itself to secure cheaper financing and potentially refinance costly existing debt the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said. This is as improving market conditions and growing investor interest create new opportunities for the country, he stressed. Speaking in an interview with Bloomberg recently, Oyedele explained …
Nigeria recorded a remarkable surge in capital importation in the first quarter of 2026, attracting $10.37 billion in foreign inflows. The National Bureau of Statistics (NBS) revealed this in its latest Capital Importation Report released on Wednesday. An analysis of the report shows that capital importation increased by 83.83 per cent from the $5.64 billion …
Across Africa, water is no longer just an environmental concern but has become a hard economic constraint with measurable consequences for growth, productivity, and human development. New consolidated estimates from the United Nations, the African Union, the World Bank, and the UN Economic Commission for Africa show that achieving universal access to safe drinking water …
The Federal Government may lose close to $1 million in customs duties and taxes if the planned disposal of more than 2,500 empty shipping containers by Grimaldi Nigeria proceeds without compliance with existing customs regulations, a maritime industry expert has warned. Speaking during an interactive session with members of the Shipping Correspondents Association of Nigeria …
The Central Bank of Nigeria (CBN) on Monday unveiled the Nigerian Payment System Vision 2028 (PSV 2028), a strategic framework designed to transform the country's digital payments landscape, as top officials made clear that the real test of the vision lies not in its ambition but in its delivery. Speaking at the launch held at …
Africa's youth population is growing faster than anywhere else in the world. Yet behind falling unemployment figures lies a troubling reality: millions of young people are trapped in low-paying, informal jobs that offer little hope of escaping poverty. As another 132 million youths prepare to enter the labour market by 2030, experts warn that the …
Nigeria's economy remains on a gradual recovery path despite lingering structural weaknesses that continue to limit the impact of growth on businesses and households, the Centre for the Promotion of Private Enterprise (CPPE) has said. Reacting to the first quarter 2026 Gross Domestic Product (GDP) report released by the National Bureau of Statistics (NBS), the …
The United States is ramping up efforts to expand digital connectivity in West Africa with plans to support the deployment of approximately 1,500 mobile communications base stations across Nigeria, Benin, Côte d’Ivoire and Ghana. The initiative, driven by the United States Trade and Development Agency (USTDA), is aimed at improving internet and mobile network access …
The Alliance for Economic Research and Ethics has criticised the Presidency's 'Nigeria's Energy Sector Reforms: A Three-Year Review (2023–2026)' report, describing the document as a political communication exercise that overstates progress while overlooking major challenges facing the country's energy sector. In a statement titled 'A House Built on Sand: The Illusion of Progress in Nigeria's …
