By Obas Esiedesa, Abuja The Federal Government’s inability to meet its financial obligations to power generation companies has deepened the crisis in the already struggling electricity sector, with fresh data showing it paid only N76.95 billion (about four percent) of the N1.928 trillion subsidy required in 2025. Although the government budgeted N958 billion for electricity subsidies […]

….Says Nigeria needs $14bn annually to bridge infrastructure gap….As IsDB invests over $2.4bn By Adesina WahabThe Minister of Finance, who is also the Coordinating Minister of the Economy, Mr Olawale Edun, has said the nation is targeting an annual 7 percent growth in its Gross Domestic Product, GDP, so as to take as many Nigerians […]

“The priority must shift from capital adequacy to economic impact. Nigeria needs banks that work for the economy”

By Yinka Kolawole Manufacturers under the aegis of the Manufacturers Association of Nigeria Export Group (MANEG) have raised concerns over what they described as a policy imbalance by the Central Bank of Nigeria (CBN), following its recent decision to allow International Oil Companies (IOCs) unfettered access to repatriate 100 per cent of their export proceeds. The […]

…Drops to $772.45m in 2025 •Sector’s investment share falls to 3.33% from 49.73% in 2023 By Yinka Kolawole Foreign investment in flows into Nigeria’s manufacturing sector have suffered a sharp decline over the past two years, underscoring weakening investor confidence in the country’s real sector despite a surge in overall capital importation. Data obtained from the […]

By Peter Egwuatu   Sterling Bank, industry leaders, policymakers, financiers, innovators convened, have charted away forward towards improving Nigeria’s transport and logistics sector. The stakeholder at the inaugural Nigeria Transport & Logistics Summit (NTLS) 2026, hosted by Sterling Bank at Eko Hotel & Suites, proposed actionable strategies for building a faster, more connected Nigeria through transport, mobility, […]

By Progress Godfrey   The Federal Government has formalised a major agreement to deploy the Products Authentication and Tracking System (PATS), in a decisive move to tackle counterfeit and substandard goods and restore confidence in Nigeria’s markets. According to a statement by the ministry on Thursday, the agreement was signed in Abuja under a Public-Private Partnership arrangement, […]

By Yinka Kolawole THE Manufacturers Association of Nigeria (MAN) has raised alarm over the escalating military confrontation involving the United States, Israel and Iran, warning that Nigeria’s chemical and pharmaceutical manufacturers face the gravest risk as global economic shocks ripple through the industrial sector. In a statement, Director General of MAN, Segun Ajayi-Kadir, said the […]

By Peter Egwuatu The Group Managing Director/Chief Executive Officer of Nigerian Exchange Group (NGX) Plc, Temi Popoola, has said Nigeria’s ongoing economic reforms are already strengthening domestic capital formation and positioning the country for deeper global investment partnerships. Popoola made this known while speaking at the Nigeria–United Kingdom Investment Roundtable organised by the Nigerian Investment Promotion […]

By Peter Egwuatu   Profit taking by investors characterised the Nigeria stock market last week,  leading to the decline in the major performance indicators. Specifically, the Nigerian Exchange Limited, NGX market capitalisation, which represents the value of equities listed on the Exchange, dropped to N128.969 trillion last week from N129.125 trillion the previous week. Similarly, another […]

The Group Managing Director/Chief Executive Officer of Nigerian Exchange Group Plc, Temi Popoola, has said Nigeria’s ongoing economic reforms are already strengthening domestic capital formation and positioning the country for deeper global investment partnerships.

Wale Edun, today received Dr. Quattara Wautabouna, Executive Director for the IMF Africa Group III (ECOWAS) Constituency

By Cynthia Alo  The President General of the Maritime Workers Union of Nigeria (MWUN), Comrade Francis Bunu, has accused security agencies operating in the Lagos ports of dereliction of duty following a rise in attacks on vessels while at berth. Bunu specifically blamed the security agencies for failing to adequately secure port waters and waterfronts, […]

By Emma Ujah,  Abuja Bureau Chief Nigeria’s Ways & Means portfolio has crashed to N2.84 trillion, down from N26.95 trillion inherited by current administration. Governor of the Central Bank of Nigeria, CBN, Mr. Olayemi Cardoso, disclosed this at the Monetary Policy Forum,  themed,  “Strengthening Nigeria’s Macroeconomic Stability Through Effective Monetary Policy: The role of Critical Stakeholders” in […]

By Rosemary Iwunze Cornerstone Insurance Plc, one of Nigeria’s most trusted insurance providers, has been named 2025 Insurance Company of the Year at the annual awards ceremony recently organised by Champion Newspapers. The prestigious recognition was announced at a well-attended ceremony held in Lagos. The award celebrates outstanding performance, innovation, and industry leadership within Nigeria’s […]