Nigeria primed to be Africa’s industrial powerhouse— Ex-UNIDO DG
By Yinka Kolawole A former Director-General of the United Nations Industrial Development Organisation (UNIDO), Dr Kandeh Yumkella, has said Nigeria has the essential foundations to become Africa’s industrial powerhouse but must translate its huge market, natural resources and entrepreneurial capacity into competitive production and exports. Yumkella, who identified Nigeria’s financial depth and strategic position within […]
Food crisis driven by insecurity, weak policy implementation — Stakeholders
By Cynthia Alo Stakeholders in the agriculture sector have blamed Nigeria’s worsening food crisis on insecurity, poor implementation of government policies and inadequate infrastructure. Speaking at the 2026 Nigerian-British Chamber of Commerce Agriculture and Agro-Allied Summit in Lagos, the stakeholders said persistent attacks on farmers, weak monitoring of intervention funds and poor policy execution are undermining […]
FX Infractions: EFCC clears over 1,000 bank accounts, prunes investigations to 16
By Peter Egwuatu The Economic and Financial Crimes Commission (EFCC) has concluded an investigation into an initial list of 1,146 bank accounts belonging to individuals and companies operating in Nigeria that were flagged for alleged foreign exchange (FX) infractions. According to a statement from the Federal High Court Abuja, made available to Vanguard, in a judgment […]
Nigeria’s net forex inflow rises 11% to $66.23bn
•Net inflow through CBN falls 18% By Elizabeth Adegbesan Nigeria recorded a 11.4 percent year-on-year (YoY) increase in net foreign exchange inflow in 2025 to $66.23 billion from $59.44 billion in 2024. Analysis of data from the Monthly Economic Bulletin with Statistical Data of the Central Bank of Nigeria (CBN) showed that the increase in net […]
Naira rises to N1,393/$ in parallel market
The Naira yesterday appreciated to N1,393 per dollar in the parallel market from N1,405 per dollar on Monday.
NESG raises fresh concern over Nigeria’s debt burden
By Babajide Komolafe Fresh concerns have emerged over Nigeria’s debt burden with the outlook for 2026 indicating new borrowings at about N29 trillion. Giving its verdict on the debt situation, the Nigerian Economic Summit Group (NESG), Nigeria’s foremost economic think-tank, in the May 2026 edition of its Debt Burden Monitor released yesterday, said that debt pressure […]
