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 National Pension Commission (PenCom) has strengthened its collaboration with the judiciary to advance pension reforms and improve retirement benefits administration across Nigeria. At a sensitisation workshop on the Contributory Pension Scheme (CPS) for judges of the National Industrial Court of Nigeria (NICN) in Abuja, PenCom Director-General Omolola Oloworaran, represented by Mr. Bello Malabu, said …
The Federal High Court in Abuja has sentenced a retired Director of Finance and Administration with the Abuja Metropolitan Management Council (AMMC), Mr. Garuba Mohammed Duku, to 24 years in prison for diverting N318 million belonging to the Federal Capital Territory Administration (FCTA). Justice James Omotosho delivered the judgment after finding Duku guilty on six …
Chairman of MTN Nigeria, Dr. Ernest Ndukwe, has said the success of the company from its early years to its dominance as Nigeria’s leading telecom operator stems from strong corporate governance and merit-based recruitment. Speaking at the 31st Nigerian Economic Summit in Abuja, during a panel session themed “Titans on the Move: Africa’s Multinationals,” Ndukwe …
A Federal High Court sitting in Osogbo, Osun State, has ordered the Inspector-General of Police (IGP), Kayode Egbetokun, to arrest the immediate past Chairman of the Independent National Electoral Commission (INEC), Professor Mahmood Yakubu, over alleged contempt of court. The order, issued on Wednesday, followed INEC’s alleged failure to comply fully with a previous judgement …
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, …
The Nigeria Police Force has stopped enforcing vehicle tinted glass permits across the country after a Federal High Court ordered an immediate suspension of the exercise. Last week, the Federal High Court in Warri, Delta State, issued the directive in a case filed by human rights lawyer John Aikpokpo-Martins against the Inspector-General of Police (IGP) …
The World Bank has revealed that despite Nigeria’s recent reform gains, an estimated 139 million citizens still live in poverty. Speaking at the launch of the latest Nigeria Development Update (NDU) report in Abuja on Wednesday, the Bank’s Country Director for Nigeria, Mathew Verghis, commended the federal government for implementing bold macroeconomic reforms, including the …
