The Nigerian stock market rebounded on Friday after a day of downturn, as N30 billion was added to investors’ portfolios.

By Babajide Komolafe The World Bank has warned that Nigeria’s economic growth, though showing signs of recovery, remains fragile and may not translate into improved living standards for millions of citizens unless targeted policies are implemented to reduce poverty. Dr Samer Matta, the World Bank’s Senior Economist for Nigeria, made this assertion at the Nigeria Economic […]

By Emeka Anaeto & Babajide Komolafe  The Nigerian Economic Summit Group, NESG, yesterday, warned that the 2027 general elections could pose the biggest threat yet to Nigeria’s ongoing economic reforms, cautioning that reform fatigue and policy reversals often set in as political cycles approach. Speaking at the presentation of the NESG 2026 Macroeconomic Outlook, NESG Chief […]

The Nigerian Exchange Limited (NGX) has admitted an additional 3.16 billion ordinary shares of United Bank for  Africa (UBA) Plc, to its Daily Official List, signalling a major enhancement of the bank’s market capitalisation whilst also deepening liquidity on the capital market. The NGX noted this in a confirmatory letter to the bank, dated January 12, […]

By Emma Ujah, Abuja Bureau Chief The Nigeria Revenue Service (NRS) has clarified that there was no fresh imposition of Value-Added Tax (VAT) on banking services.  In a statement yesterday, the NRS said VAT has always applied to banking services and not newly introduced under the new Nigeria Tax Act. The statement signed by Dare Adekanmbi, […]

By Elizabeth Adegbesan The National Bureau of Statistics, NBS, yesterday said headline inflation rate fell by 2.18 percentage points  to  15.15 percent in December 2025 from 17.33 percent in November 2025. The NBS disclosed this in its Consumer Price Index (CPI), report for December 2025. Recall, early this week that the NBS adjusted its CPI methodology […]

By Emeka Anaeto & Babajide Komolafe There are indications that the Federal Government is set for a major shift in its economic policy direction in 2026, focusing more on delivering tangible improvement in livelihood of citizens than in achieving positive macroeconomic figures. This formed the key content of the speech delivered by the Minister of Finance and […]

The commission did not provide reasons in its report released Thursday, but there were indications that it might be fueled mainly by limited investment and production.

Nigeria’s exit from the European Union’s high-risk third-country list is a major boost for investor confidence, the Coordinating Minister of the Economy and Minister of Finance, Mr. Wale Edun, has said, as the government moves to prioritise affordable food, housing, and job creation in the next phase of reforms.

•Says RCCG Economic Summit targets clarity on reforms, investments By Babajide Komolafe Economic reforms currently being implemented by the Federal Government, though painful in the short term, are laying the foundation for sustainable growth and long-term investment opportunities, Pastor Ben Akabueze, former Director-General of the Budget Office of the Federation, has said. Akabueze made the assertion […]