The House of Representatives has called on the Federal Government to allocate N350 million in the 2026 budget to revive moribund industries and support small and medium-sized enterprises (SMEs) across Nigeria. The resolution followed the adoption of a motion moved by Hon. Akarachi Amadi, who represents the Mbaitoli/Ikeduru Federal Constituency of Imo State. Amadi noted that […]

•Makes case for effective implementation of ‘Nigeria First’ •Cites examples of US, China, India  •Says textile industry decline underscores need to prioritise local manufacturing Stories by Yinka Kolawole President of the Dangote Group, Aliko Dangote, has declared that every Naira invested in local manufacturing circulates up to 200 percent within the economy. Dangote stated this at the […]

Legal luminary and founder of Afe Babalola University, Ado-Ekiti (ABUAD), Aare Afe Babalola, has expressed deep concern over Nigeria’s growing debt burden, warning that the country’s economic reputation is deteriorating and discouraging foreign investment.

Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reaffirmed the Federal Government’s commitment to sustaining ongoing economic reforms, stressing that Nigeria will not allow “reform fatigue” to derail the progress already achieved in stabilising the economy.

The International Monetary Fund (IMF) has urged Nigeria to deepen its ongoing macroeconomic and fiscal reforms, stressing that stronger domestic revenue mobilisation and transparent debt management are critical to sustaining growth and protecting vulnerable populations amid tightening global financial conditions.

By Udeme Akpan, Energy Editor The Dangote Petroleum Refinery yesterday resumed full operations while raising the gantry price of Premium Motor Spirit, PMS, also known as petrol by seven per cent to N877 per liter from N820 per litre. Checks by Vanguard indicated that oil marketers buying two million litres and above would benefit from the […]

By Emeka Anaeto, Business Editor, Babajide Komolafe, & Emma Ujah,  The Central Bank of Nigeria, CBN, and the Bank of Angola, yesterday, signed a Memorandum of Understanding, MoU, aimed at fostering closer bilateral relations and enhancing capacity in central banking operations. The signing ceremony, attended by senior officials and distinguished guests, saw the Governor of the […]

 By Yinka Kolawole & Providence Ayanfeoluwa   The President of the Manufacturers Association of Nigeria (MAN), Francis Meshioye, and the President of Dangote Group, Aliko Dangote have emphasized the need for the Federal Government to back up the ‘Nigeria First’ policy with enabling legislation that will ensure its enforcement across all ministries, departments and agencies (MDAs). They […]

 By Ediri Ejoh  Despite huge eesources sucked in the power sector over the years, Nigeria’s national grid recorded a loss of 4,091 MWh/h due to its under- capacity to wheel more from the Generating Companies (GenCos). This was revealed in the September 2025 Operational Performance Factsheet released by the Nigeria Electricity Regulatory Commission, NERC, yesterday. According to […]

By Babajide Komolafe Chairman of Optiva Capital Partners, Franklin Nechi, has reaffirmed the company’s unmatched leadership in the fast-growing global migration and investment immigration industry, describing Optiva as “the bridge that connects African potential to global possibilities.”  Speaking at an interactive media session with select business editors in Lagos, Nechi noted that the demand for second citizenship […]

•Inflation easing should be consolidated through decisive, well-targeted policy action —CPPE •At 18.02%, inflation rate is still far from the CBN long-run target of 9%—Prof. Uwaleke By Peter Egwuatu, Assistant Business Editor & Elizabeth Adegbesan   Nigeria’s inflation rate eased by 2.1 percentage point to 18.02 percent in September 2025 from 20.12 percent in August 2025. This is […]

By Rosemary Iwunze ‎‎‎NEM Insurance Plc, one of the top three insurance companies in Nigeria and currently number one non-life licenced insurance company by insurance revenue in the insurance industry received tremendous accolades from various customers in this year’s Customers Service week. ‎The Customer Service Week provided an avenue for companies to renew their relationships […]

The stock market reversed losses by 0.02 per cent on Wednesday, recording N20 billion gain for investors after a day negative run.

He said that there was a link between disciplined fiscal and monetary policies, economic growth, and a gradual reduction in inflationary pressures.

The National Bureau of Statistics (NBS) disclosed this today in its Consumer Price Index (CPI) Report for September 2025.