Nigeria’s economy gained significant momentum in 2024, with Vice President Kashim Shettima, representing President Bola Ahmed Tinubu, announcing a rise in the country’s Gross Domestic Product (GDP) to ₦372.8 trillion, up from ₦309.5 trillion the previous year. President Tinubu described the progress as a clear indication that Nigeria’s fiscal and structural reforms are finally beginning …
Vice President Kashim Shettima has called for restraint and constructive dialogue between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the management of the Dangote Refinery, warning that no group or individual must hold the nation’s economy hostage. Representing President Bola Ahmed Tinubu at the opening of the 31st Nigerian Economic …
The Centre for the Promotion of Private Enterprise (CPPE) has issued a policy brief calling for comprehensive reforms to protect the interests of investors and employers in Nigeria. The document, titled Protecting Investors and Employers: A National Policy Imperative, highlights the urgent need for a more balanced and secure business environment that can foster growth, …
Financial experts will, on Thursday, October 9, 2025, gather at an annual webinar organised by DataPro Limited, one of Nigeria's credit rating agencies, to highlight the role of credit rating agencies in the ever-changing global economy. This year’s webinar themed “The Role of Credit Rating Agencies in a Dynamic Global Economy” is part of events …
The Presidential Fiscal Policy and Tax Reforms Committee has launched an Excellence in Tax Reform Reporting Award, offering ₦10 million prize money for the star winner. The committee chairman, Taiwo Oyedele, announced this at a press briefing with journalists on Friday, October 3, in Lagos State. He said the initiative is to recognise and reward …
Wall Street traders and global investors were left without one of their most important economic signals on Friday after the U.S. government shutdown forced the delay of the monthly nonfarm payrolls report. For decades, the report has been considered the single most influential data release on the U.S. economy, guiding decisions across markets from stocks …
The Central Bank of Nigeria (CBN) Olayemi Cardoso said the apex bank is collaborating with the Securities and Exchange Commission (SEC) to develop a sustainable framework for digital currencies in the country. He spoke on this at the CBN governor’s annual lecture series at the Lagos Business School (LBS) on Friday, October 3. According to …
Former Vice President Atiku Abubakar has said he is prepared to drop his presidential ambition in 2027 if a younger, vibrant and widely accepted candidate emerges under the African Democratic Congress (ADC). Atiku, a key figure in the opposition coalition, disclosed this in an interview with the BBC Hausa Service on Wednesday. He stressed that …
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 …
As Nigeria’s financial landscape continues to evolve, Union Bank finds itself at the centre of controversy, raising questions about its future as the country moves closer to its recapitalisation deadline. The bank, once a trusted household name in Nigeria's banking sector, is now embroiled in a web of financial and regulatory uncertainties following the takeover …
