The Alliance for Economic Research and Ethics (AERE) has urged the Federal Government to overhaul its fiscal strategy, saying Nigeria should shift from a debt-driven model to a revenue-led approach, while citing Anambra State's zero-borrowing policy as evidence that economic development can be achieved without accumulating unsustainable debt. In a policy paper released on August …
WTO DG backs state's $100 million investment fund and urges focus on industrialisation, special economic zones and the blue economy. Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has declared that Delta State has the potential to emerge as Nigeria's next major industrial and economic hub alongside Lagos, urging the state to …
The Nigerian National Petroleum Company Limited (NNPC) sold a total of 136.93 million barrels of crude oil and condensates and generated ₦21.72 trillion in revenue in the first six months (H1) of 2026. These figures are based on analysis of the monthly crude oil and condensate sales and revenues recorded in NNPC’s monthly reports from …
The Director-General of the World Trade Organisation, Dr Ngozi Okonjo-Iweala, and the Central Bank of Nigeria Governor, Olayemi Cardoso, have said Africa cannot simply wait for the old world order to return. It has to build the institutions, the trade links and the domestic capital base to compete inside the new one. The two headlined …
As regulators award new acreage under the Petroleum Industry Act, questions remain over whether infrastructure, investment, and operational realities can deliver on the ambitious 2030 output targets. The 3-Million-BPD Ambition For decades, achieving a three-million-barrel-per-day (bpd) target has seemingly remained elusive in Nigeria’s oil sector as the country’s production has been hindered by years …
Nigeria must urgently reduce the cost of production or risk conceding its growing African market to competitors, the Executive Secretary of the National Sugar Development Council (NSDC), Kamar Bakrin, has warned. Bakrin spoke at the technical session of the 17th National Council on Industry, Trade and Investment (NCITI) in Enugu, where he presented what he …
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, and the Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, will headline the 7th Africa Emerging Markets Forum in Abuja on July 29 and 30, 2026. The two global economic leaders will feature in a high-level fireside dialogue on how African economies …
The Centre for the Promotion of Private Enterprise (CPPE) has said the United States' decision to impose a 12.5 per cent tariff on imports from Nigeria is unlikely to have a significant impact on the country's export earnings or broader economy, as most Nigerian exports to the US are exempt from the new measures. In …
Beyond the Stopgap measure: import surges haven’t relieved pressure on Nigeria's LPG market For Mrs Esther Akpan, who runs a small-scale restaurant in the Ilasa area of Lagos, it is not yet time to return to using cooking gas, despite the slight drop in prices in recent weeks. Mrs Akpan, who has been cooking …
The Federal Government has inaugurated an inter-ministerial committee to develop a new Value Added Tax (VAT) Modification Order aimed at supporting the implementation of Nigeria's Tax Reform Acts, which took effect on January 1, 2026. The committee was inaugurated by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, at the Federal …
