FG Launches Programme To Turn Students Into Job Creators
The Federal Government has launched the Entrepreneurship, Innovation and Business Incubation Certification programme nationwide to equip students with entrepreneurial skills before graduation.
Category : Economy
FG Raises 2026 Borrowing Plan to N29.2 Trillion as Deficit Grows
The Federal Government has increased its 2026 borrowing plan to N29.2 trillion following budget expansion, with analysts raising concerns about debt sustainability and effective fund utilization for national development.
IMF: Middle East Crisis Hurts Global Economy, OPEC+ Action Limited
The IMF warns the Middle East conflict is driving higher prices and slower growth globally, with OPEC+'s production increase seen as largely symbolic amid the Strait of Hormuz blockade.
Q1 Economic Gains Marred by Structural Challenges, Says CPPE
The Centre for the Promotion of Private Enterprise highlights that Nigeria's Q1 2026 macroeconomic stability is undermined by persistent structural issues, high energy costs, and insecurity. Peter Obi urges resilience amid hardship.
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Naira Falls 0.02% Amid Cautious Bond Market Activities
The naira weakened marginally in the official market but gained in the parallel segment, while Nigeria's bond market showed subdued activity with mild yield changes and strong auction demand.
Nigeria's GDP to Drop 8% by 2100 from Climate Events
Climate events could reduce Nigeria's GDP by 8% by 2100, with sea-level rise costing 0.1-0.4% yearly. Experts urge media to strengthen ESG reporting to mitigate risks and attract investment.
Africa Could Raise $469 Billion Yearly in Tax Revenue: AfDB
The African Development Bank states that African nations could boost tax revenue by $469.4 billion yearly through digital tools and stronger enforcement, addressing a critical shortfall in funding for development.
Naira Falls vs USD Amid 14-Day Reserve Decline
The Nigerian naira starts the week with losses against the US dollar, while external reserves fall for 14 consecutive days, raising concerns over forex volatility and economic stability.
ECOWAS Job Vacancies Open for Nigerians and West Africans
The Economic Community of West African States (ECOWAS) has launched a recruitment drive with multiple job openings in sectors like administration, finance, and health. Applications are open until April 30, 2026, for positions in Nigeria and other member s
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Tinubu Appoints Dalhatu Abubakar as NCX Chairman
President Bola Tinubu has appointed Dalhatu Abubakar as Chairman of the Nigeria Commodity Exchange, reconstituting its board to boost non-oil exports and food security.
Turkish Envoy Urges Nigeria to Boost Trade to $5 Billion
Ambassador Mehmet Poroy calls for intensified efforts to raise Nigeria-Türkiye trade from $2 billion to $5 billion, highlighting investment opportunities and new cooperation mechanisms.
Easter Food Price Surge: Nigerian Households Face Tough Choices
Nigerian households confront financial strain as rice, tomatoes, yam, and chicken prices surge ahead of Easter celebrations. Rising transport costs and inflation force families to scale back festivities significantly.
Animashaun Architects Africa's Economic Rewiring Beyond Resources
British-Nigerian engineer Lady Ayobami Animashaun spearheads Africa Beyond Extractives initiative, shifting continent's economy from resource dependency to innovation-led growth through trade and digital infrastructure.
Oyedele: Africa Must Spend Wisely, Not Just Raise Revenue
Finance Minister Taiwo Oyedele calls for prudent spending and transparency to combat illicit financial flows, stressing that fiscal strength requires effective resource management for Africa's sustainable development.
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IEA, IMF, World Bank Unite Against Middle East Crisis Impact
The International Energy Agency, IMF, and World Bank have established a coordination group to combat global energy and economic disruptions from the Middle East conflict, as an economist warns of a looming recession.
NSIA Hits N4.9 Trillion Assets with N478.8 Billion Income
The Nigeria Sovereign Investment Authority achieved a 10.9% asset growth to N4.91 trillion in 2025, with core operating income rising 5.5% to N525.3 billion, despite foreign exchange challenges.
Rivers Investment Team Seeks Regional Platform for Growth
The Rivers State Investment Promotion Agency (RSIPA) is advocating for a unified regional investment platform among BRACED states to accelerate economic growth through collaborative projects like rail infrastructure and blue economy initiatives.
World Bank, IMF, IEA Launch Energy Crisis Response Group
The World Bank Group, IMF, and IEA have established a coordination group to address economic and energy impacts from the Middle East conflict, warning of supply shortages and inflation risks.
Naira Rebounds as CBN Releases Latest Exchange Rates
The Nigerian naira showed mixed performance in FX markets, gaining against the dollar and pound but weakening against the euro, with CBN reforms contributing to stability.
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Customs Auctions Seized Petrol Worth N14.8m in Lagos
The Nigeria Customs Service has auctioned 14,875 litres of seized petrol worth N14.875 million in Lagos after intercepting the products from smugglers. The operation was conducted under Operation Whirlwind.
Nigeria's Economic Growth Slows in March, CBN Survey Shows
Nigeria's economy expanded for the 16th consecutive month in March 2026, but at a slower pace, with the CBN's PMI at 53.2 points. Key sectors like industry and agriculture grew, though cost pressures rose, impacting profit margins.
Energy Disruption Threatens Global GDP, Sparks Inflation Fears
Prolonged disruptions to key oil shipping routes like the Strait of Hormuz could slash global GDP growth by 0.5% in 2026, triggering inflation and tighter monetary policies, with Nigeria's economy facing mixed impacts from higher oil prices and import cos
Tinubu's Strategy to Shield Nigeria from Fuel Price Turbulence
As global oil prices surge due to Middle East tensions, Nigeria faces critical economic risks. Experts propose a dual-track pricing framework using domestic refineries like Dangote to stabilize fuel costs and insulate the economy from international market
Expert Urges South-West Governors on Youth Unemployment
Development expert Femi Oshoniyi warns South-West governors that rising youth unemployment could fuel insecurity and economic decline, advocating tech and agriculture solutions.
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UNDP, PIND Partner for Niger Delta Development and Investment
The United Nations Development Programme (UNDP) and the Foundation for Partnership Initiatives in the Niger Delta (PIND) have signed an MoU to advance integrated development solutions, focusing on clean energy, economic growth, and climate resilience in t
Nigeria's Standard of Living: Regional Disparities and Realities
An in-depth analysis of Nigeria's standard of living, exploring regional disparities, infrastructure deficits, and economic challenges affecting daily life across the nation.
EU Carbon Market Reforms Proposed Amid Energy Crisis
The European Union has proposed adjustments to its Emissions Trading System to reduce price volatility and address rising energy costs. The changes aim to create a buffer of unsold allowances to respond to future market tightness.
Lagos Named Nigeria's Best State for Business in 2026 Report
Lagos State has been ranked as Nigeria's top state for business, scoring 85.6% in a new PEBEC report. Governor Sanwo-Olu attributes this to digital reforms and infrastructure upgrades.
Abia, Ogun Record Highest Intercity Bus Fares in Nigeria
National Bureau of Statistics reports transport fare hikes across air, land, and water in February 2026, with Abia and Ogun states topping intercity bus costs.
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Naira Falls to ₦1,386.72 as Banks Adjust Dollar Rates
The Nigerian naira weakened further against the US dollar, closing at ₦1,386.72 as commercial banks adjusted rates amid a 62% drop in interbank FX deals and global oil price surges.
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