The proposed return of Nigeria’s petrol subsidy regime could recreate the economic distortions that the policy was meant to eliminate, Dr Kazeem Bello, a global financial analyst and principal manager/CEO of Afrique Capital and Equity Funds Limited, has warned. He shared his thoughts with Pinnacle Daily in response to a pledge by the African Democratic …
The Nigerian Economic Summit Group (NESG) has projected that Nigeria’s inflation will remain elevated in the second half of 2026, averaging 15.5 percent for the period and the full year. The projection is contained in the NESG’s 2026 outlook report, titled “Turning Potential into Progress.” According to the group, persistent insecurity in major farming communities, …
President Bola Tinubu has approved seven road projects and a trailer park concession valued at more than N438 billion across several states. The Minister of State for Works, Bello Goronyo, disclosed this on Wednesday after the Federal Executive Council meeting presided over by Tinubu at the Presidential Villa, Abuja. The approved projects cover Ekiti, Ogun, …
The Federal Government’s three-year reform scorecard shows that more than half of the ₦20.4 trillion in incremental resources available to the government between June 2023 and December 2025 came from borrowing, raising questions about how much of the fiscal improvement was driven by reforms and how much depended on additional debt. The disclosure is one …
The Central Bank of Nigeria’s (CBN) latest changes to Open Market Operations (OMO) and repurchase transactions may be doing more than simply improving access to the fixed-income market. The review could give the apex bank a more flexible liquidity-management toolkit ahead of a period when global economic risks and Nigeria’s 2027 election cycle could put …
For Nigerians battling rising rents, expensive land and the growing cost of construction, owning a home can seem like a dream that keeps moving further away. But there is a government-backed financing route that could make homeownership more attainable for eligible Nigerians. The Federal Mortgage Bank of Nigeria (FMBN), through the National Housing Fund (NHF), …
How Nigeria’s latest inflation figures expose a painful gap between the economic numbers and what families pay at the market For a Nigerian household walking into a market this week, one question may matter more than the latest inflation headline. If inflation is falling, why is the food bill still rising? The …
For millions of Nigerians, the working day no longer ends when the office closes. At 5 pm, another shift begins. A civil servant becomes a trader. A teacher starts private lessons. A software developer takes on another client. A banker sells products online. A technician accepts evening jobs. A graduate turns to logistics, delivery or …
The National Sugar Development Council (NSDC) has unveiled a $1 billion investment pipeline and a tighter enforcement framework as Nigeria intensifies efforts to achieve self-sufficiency in sugar production and cut its dependence on imports. Nigeria consumes about 1.8 million metric tonnes of sugar annually, with an estimated $1 billion spent each year on imported sugar. …
Nigeria has about four years to bridge a $625 billion economic gap if President Bola Ahmed Tinubu’s ambition of growing the economy to $1 trillion by 2030 is to become reality. With Nigeria’s economy put at about $375 billion by All Progressives Congress (APC) National Chairman Nentawe Yilwatda, the country would have to expand its …
