Soludo: Delta, Anambra should become Nigeria’s twin growth hubs
*Calls for post-summit investment partnerships*Proposes dress code for future investment summits to drive jobs By Babajide Komolafe, Economy Editor & Egufe Yafugborhi, Ochuko Akuopha ASABA—Governor Chukwuma Soludo of Anambra State has called for deeper economic collaboration between Delta and Anambra states, describing both as natural “twin growth hubs” capable of driving regional prosperity, while urging […]
AfCFTA lifts Nigeria’s intra-African trade by 21% to $9.02bn in 2025
Nigeria recorded a 21 per cent increase in intra-African trade in 2025, with total trade rising to $9.02 billion as the implementation of the African Continental Free Trade Area (AfCFTA) continued to unlock new export opportunities and deepen regional commercial integration, as businesses leveraged preferential market access and lower trade barriers. The latest African Trade Report […]
SMEDAN unveils N500m zero-interest fund for MSMEs
By Yinka Kolawole The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has unveiled Grow Fund for Small Businesses in Nigeria, a N500 million zero-interest fund for Micro, Small and Medium Enterprises (MSMEs) in the country. SMEDAN Director-General, Charles Odii, announced the initiative, in Abuja, as part of activities to mark the 2026 World MSME […]
FG unveils 2026 push for industrial growth, trade, investment
The Federal Government is set to intensify efforts to drive industrial growth, expand trade, mobilise investment and boost non-oil exports in 2026 as part of its economic diversification agenda. Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, stated this at a management retreat for directors-general, directors and chief executives of agencies under the ministry. She […]
Export rerouting erodes Nigeria’s gains despite N7.55trn trade surplus — NESG
By Yinka Kolawole The Nigerian Economic Summit Group, NESG, has warned that export rerouting through neighbouring countries is undermining Nigeria’s trade competitiveness and depriving the economy of significant domestic value, despite the country’s impressive N7.55 trillion trade surplus recorded in the first quarter of 2026. The warning comes as data from the National Bureau of Statistics, NBS, […]
Stock market sustains profit taking, as investors lose N2.4trn
By Peter Egwuatu The Nigerian stock market has sustained profit taking for second consecutive weeks, as investors lost over N2.4 trillion to price declines. The investors had lost over N5.6 trillion the previous week following massive selloff in high and mid capitalised stocks. Market analysts are of the view that the negative close reflects the market’s current […]
