Nigeria needs 21.9% growth for $1trn economy – Report
Nigeria would require a minimum annual growth rate of 21.9 per cent at an exchange rate of N1,500/$ or a stronger exchange…
Economy
Nigerian-made goods exports hit 67.2% Q2 2025
Manufactured goods exports from Africa’s most populous country surged by 67.2 per cent in the second quarter of 2025, an indication of…
Nigeria targets 25% industrial GDP growth by 2035, says minister
The Federal Government says Nigeria has projected a significant rise in industrial contribution to GDP, targeting 25 per cent growth between 2025…
China opposes economic pressure amid US tariff threats
Beijing has criticized the use of “economic pressure” after United States President Donald Trump suggested he would hike tariffs on buyers of…
Cardoso hints at lower interest rates as inflation eases
The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has hinted that lending rates may decline in the coming months…
Tinubu’s reforms restoring foreign confidence in naira — Onanuga
The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, has said that ongoing economic reforms are restoring foreign…
Equities market begins September with N362bn loss
Trading activities in the domestic equities market on Monday lost N362 billion to start September trading on a negative note, following share…
Tinubu pledges to replicate Brazil aviation deal with Colombia
President Bola Tinubu on Monday assured the Vice President of Colombia, Francia Márquez, that Nigeria will replicate the bilateral agreements recently signed…
Nigeria’s $1trn GDP target anchored on AI — Bosun Tijani
The Minister of Communications and Digital Economy, Bosun Tijani, has said Nigeria is pinning its hopes on artificial intelligence. He noted that…
CBN, Brazil central bank hold talks to boost economic cooperation
Governor of the Central Bank of Nigeria, Olayemi Cardoso, has engaged in high-level talks with his Brazilian counterpart, Gabriel Muricca Galípolo, to…
NEC unveils framework to achieve $1trn economy by 2030
The National Economic Council on Thursday unveiled the framework for the Renewed Hope Development Plan (2026–2030) aimed at consolidating Nigeria’s reform agenda…
FG to boost GDP by 21% with digital e-governance bill
The Federal Government has said that Nigeria’s Gross Domestic Product could receive a major boost from the digital economy, with contributions projected…