Economist, Professor Bongo Adi, has warned that while data show Nigeria's economy is growing, the citizens with harsh economic conditions that continue to impoverish them. Adi stated this while commenting on the World Bank Report released on Wednesday. According to the report, the World Bank has upgraded Nigeria’s 2025 economic growth forecast to 4.2 per …
Nigeria must take the lead in driving Africa’s economic integration, regional resilience, and cross-border investment if the continent is to achieve inclusive and sustainable growth. This was the position of Mr. Niyi Yusuf, Chairman of the Nigerian Economic Summit Group (NESG), during a high-level regional dialogue at the 31st Nigerian Economic Summit (NES31) held in …
The Dangote Refinery, a 650,000 barrels per day facility considered the largest single-train refinery in the world, has been embroiled in battles with different stakeholders in Nigeria’s oil and gas sector since it commenced operations in 2024, sparking concerns about challenges faced by investors in the country. Going by its nameplate capacity, the refinery was …
The World Bank has said that the persisting hike in food prices is undermining the significant progress the Nigerian government has made to stabilise the country’s economy through its recent policy reforms, urging the authorities to do more to improve living standards and tackle soaring food prices. It pointed at this in its latest report, …
President Bola Tinubu has requested the approval of the House of Representatives to secure approximately $2.3 billion in external loans to cover the 2025 budget deficit and refinance maturing Eurobonds, which will further raise Nigeria's debt profile. Nigeria’s total public debt rose to N149.39 trillion as of March 31 this year, marking a year-on-year increase …
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) has announced a remarkable rebound in its operations, which has resulted in the facilitation of over ₦70 billion in commercial financing for agribusiness as at Q3 2025, its strongest annual performance since inception. In operation since 2013, this result represents nearly a quarter of the …
Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, says the country’s new $2 billion broadband rollout could boost GDP growth, enable digital inclusion, and position Nigeria as Africa’s next global tech exporter. Nigeria is making an audacious bet that fibre-optic broadband and innovation hubs can unlock the nation’s long-anticipated digital wealth. Speaking at …
The Debt Management Office (DMO) has opened for subscription, the October Federal Government of Nigeria (FGN) Savings Bond at a lower interest rate compared to the rate it offered in the previous month. DMO announced this in a circular on Monday, October 6. The offer opened today and will be closed on Friday, October 10 …
Vice President Kashim Shettima has called for restraint and constructive dialogue between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the management of the Dangote Refinery, warning that no group or individual must hold the nation’s economy hostage. Representing President Bola Ahmed Tinubu at the opening of the 31st Nigerian Economic …
The Centre for the Promotion of Private Enterprise (CPPE) has issued a policy brief calling for comprehensive reforms to protect the interests of investors and employers in Nigeria. The document, titled Protecting Investors and Employers: A National Policy Imperative, highlights the urgent need for a more balanced and secure business environment that can foster growth, …
