The Lagos Chamber of Commerce and Industry (LCCI) has called for sustained efforts to remove impediments in Nigeria’s business environment and attract foreign direct investment (FDI) into critical sectors of the economy. The demand came following the Central Bank of Nigeria's (CBN) recent reduction of the benchmark interest rate. In a statement, the Chamber’s Director …
Chairman of the Nigeria–Türkiye Business Council (NTBC), Dele Kelvin Oye, has urged Turkish investors to leverage Nigeria’s $255 billion market size to expand their industrial and business footprint. He also urged the investors to take advantage of Nigeria's ongoing economic reforms and strategic access to the African Continental Free Trade Area (AfCFTA). He made the …
Nigeria’s economy is expected to make a clearer transition from stabilisation to growth, based on projections by the Centre for the Promotion of Private Enterprise (CPPE). The centre made the forecast in its 2026 economic outlook issued by its Chief Executive Officer, Muda Yusuf, on Sunday. The non-governmental organisation, which focuses on promoting, protecting, and …
By Taiwo Olatunji Nigeria’s infrastructure ambition is not constrained by vision, but by the financing architecture. The public sector balance sheet, which has been the primary source of financing, has become very tight, while financing from the private sector is available and increasing, with a focus on long-term, naira-denominated assets. Hence, the challenge lies …
Central Bank of Nigeria (CBN), Governor, Dr Olayemi Cardoso, has said Nigeria’s economic reforms are yielding significant benefits and positioning the country firmly on the path to stability, inclusiveness, and innovation-driven growth. Cardoso said the economic reforms such as the removal of fuel subsidies, foreign exchange overhaul and policies aimed at boosting fiscal strength, have …
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, …
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 …
As Nigeria marks 65 years of Independence on Wednesday, October 1, a renowned economist, Muda Yusuf, said there are critical areas the government must prioritise to drive economic growth that would positively impact the lives of the masses for the next decade. Yusuf, chief executive officer (CEO) of the Centre for the Promotion of Private …
Nigeria’s Gross Domestic Product (GDP) grew by 4.23 per cent on a year-on-year basis in real terms in the second quarter (Q2) of the year. The National Bureau of Statistics (NBS) revealed this in its second-quarter report released on Monday, September 22. The report shows the growth rate is higher than the 3.48 per cent …
