Vice President Kashim Shettima has said Nigeria now views food security as a fundamental macroeconomic, security, and governance issue, not merely an agricultural concern. He made the remarks at a high-level panel on ‘When Food Becomes Security’ during the 56th World Economic Forum (WEF) in Davos, Switzerland. According to a statement on Thursday by his …
In an economy where inflation rates and exchange rate fluctuations often cause financial turbulence, the latest federal government bonds issued by the Debt Management Office have provided an opportunity for High Net Worth Individuals (HNWIs) and corporations looking to lock in a steady, tax-exempt return on their funds. The Federal Government, through the Debt Management …
Nigeria’s cocoa sector recorded a remarkable 62.25 per cent increase in export earnings during the first three quarters of 2025, underscoring the crop’s pivotal role in the nation’s agricultural trade and highlighting its resilience amid evolving global market conditions. A review by Pinnacle Daily of the National Bureau of Statistics’ ‘Foreign Trade in Goods Statistics’ …
The Debt Management Office (DMO) has revealed plans to raise ₦900 billion through the reopening of three Federal Government of Nigeria (FGN) bonds at its January 2026 bond auction. The auction is scheduled for January 26, 2026, with settlement expected on January 28, 2026, DMO stated in a circular released on Monday. The offer spans …
Nigeria's non-oil export sector achieved a historic milestone in 2025, reaching a record $6.1 billion in earnings. This represents an 11.5 per cent increase from the $5.46 billion recorded in 2024, marking the highest value since the Nigerian Export Promotion Council (NEPC) was established nearly 50 years ago. This was revealed on Monday in Abuja …
The International Monetary Fund (IMF) has raised Nigeria’s economic growth forecast for 2026 to 4.4 per cent. The Fund cited improved macroeconomic conditions and ongoing reforms as key drivers. According to the IMF’s January 2026 World Economic Outlook (WEO), titled “Global Economy: Steady amid Divergent Forces”, Nigeria’s economy will grow steadily from 4.1 per cent …
The 2025 Africa Cup of Nations (AFCON) in Morocco delivered flair, intensity, and elite African football talent. Yet, beyond the goals and celebrations, persistent officiating controversies cast a long shadow over the tournament. Morocco’s hosting of the 2025 Africa Cup of Nations drew widespread praise for its world-class infrastructure, with players and coaches highlighting the …
The bustling Lagos International Trade Fair Complex, spanning 300 hectares along the Lagos-Badagry expressway and home to numerous traders, remains a wrecked site after a demolition by the Lagos State Government in September 2025. The sections of the market, including the New Mandela and ASPAMDA, are left with ruinous foundations, beams, walls, and roofs. A …
The Centre for the Promotion of Private Enterprise (CPPE) has raised concerns over the credibility of recent changes to Nigeria’s Consumer Price Index (CPI) computation, warning that adjustments to the methodology may be weakening confidence in official inflation data. The Centre made this known in its policy brief on Nigeria’s December 2025 inflation released on …
Nigeria’s economy will be affected this week by global meetings, inflation data, and policy changes. Investors and policymakers are watching these events to understand the risks facing emerging markets like Nigeria. Traders in the Nigerian Exchange and the foreign exchange market are reacting to the latest inflation figures and explanations on how the data was …
