The Nigerian Securities and Exchange Commission (SEC) has raised concern over the slow pace of regional integration of the capital markets in West Africa, warning that each year of delay is a lost opportunity to mobilise resources for critical projects that can transform our economies. Sec Director-General, Emomotimi Agama raised the concern at a meeting …
Private sector business activity in Nigeria moderated as the Purchasing Managers Index (PMI) slid to 53.4 points in September despite the continued decline in inflationary pressure. The slide in business activity was captured in the Stanbic IBTC Bank's PMI report released on Thursday, October 2. The report showed that PMI dropped to 53.4 points in …
Nigeria’s September 2025 bond auction has stunned the markets, recording an eye-watering 530% oversubscription and signalling renewed investor confidence in the country’s debt instruments. Foreign and local investors alike scrambled for a piece of the issuance, with demand reaching ₦1.26 trillion against an offer of just ₦200 billion. Analysts say this level of interest is …
As Nigeria celebrated its 65th Independence anniversary on Wednesday, parades, fireworks, and official speeches hailing signs of economic recovery, but residents of the FCT insist the numbers do not reflect their everyday struggles The National Bureau of Statistics (NBS) reported that headline inflation had “slowed modestly”, with food inflation showing its first signs of easing …
Gen Z are moving between jobs faster but are filled with ambition. Entering the workforce for the first time is, and always has been, a daunting prospect. But Gen Z – the generation of talent starting out on this journey – are beginning their careers at a time of huge disruption, facing higher competition for …
In a landmark move to promote sustainable growth across West Africa, the ECOWAS Bank for Investment and Development (EBID) has approved a total financing of ₦462,946,500,000 (approximately ₦462.9 billion) or USD 308.631 million during its 93rd Ordinary Session held at the Bank’s headquarters in Lomé, Togo. Taraba state in north-eastern Nigeria, got a total of …
As Nigeria celebrates its 65th Independence anniversary, the Alliance for Economic Research and Ethics Ltd/Gte has warned that the nation’s economic recovery remains fragile, urging government at all levels to prioritise human capital development as the foundation for sustainable growth. In a statement signed by its Chairman, Dele Kelvin Oye, the Alliance noted that although …
As Nigeria marks her 65th independence anniversary, President Bola Tinubu has highlighted 12 remarkable economic milestones achieved by his administration in the last two years. In nationwide broadcast on Wednesday morning October 1, 2025, President Tinubu said his administration "inherited a near-collapsed economy caused by decades of fiscal policy distortions and misalignment that had impaired …
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has said that the new tax law will offer investors in the Nigerian capital market a N150 million annual exemption in capital gains tax (CGT). Oyedele reportedly clarified this during a high-level stakeholders dialogue with issuers, investors, intermediaries, and regulators, convened …
There are concerns that the controversy between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and Dangote Petroleum Refinery may lead to Nigeria incurring a daily loss of about ₦14.7 billion. Development economist Professor Ken Ife said Nigeria can’t afford to be losing such an amount daily due to the PENGASSAN strike, …
