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 …
Three years into President Bola Tinubu’s administration, Nigeria’s economy tells a story of sharp reforms, painful adjustments and an unfinished struggle to convert macroeconomic stability into broader prosperity. Since taking office in May 2023, Tinubu’s government has pursued two defining economic reforms — fuel subsidy removal and exchange rate unification — aimed at stabilising public …
Nigeria’s economy will grow by 3.93 per cent in the second quarter of 2026, CardinalStone Research has projected. The projection will be supported by stronger oil production and the resilience of the non-oil sector despite rising global geopolitical tensions. In its latest review of Nigeria’s Q1 2026 gross domestic product (GDP) report, the research firm …
