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UK to hike visa, citizenship fees from April

  • 26th March 2026

FG approves partial settlement of N150bn contractors’ debt

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Nigeria’s banks maintain strong liquidity despite CBN N2.36tn

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NUPRC approves major offshore project targeting hydrocarbon development

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Economy featured

Nigeria’s economy strong against Middle Eastern tensions — Cardoso

Central Bank Governor Olayemi Cardoso has assured that Nigeria’s ongoing macroeconomic reforms have fortified the economy against potential shocks from escalating Middle East tensions. He made this declaration while delivering the Distinguished Alumni Lecture at the Founders Day celebration of St Gregory’s College in Lagos on Thursday. Cardoso highlighted that the global economy is grappling […]

Opinion

OPL 245 dispute resolution will reposition economy – AGF Fagbemi

The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, SAN, has stated that resolving the longstanding dispute over Oil Prospecting Licence 245 will reposition Nigeria’s economy and strengthen the country’s fiscal muscle. Fagbemi also praised President Bola Tinubu’s visionary leadership, which enabled the breakthrough. “This development will pave the way for large-scale investments, […]

Economy featured

Senate hails FG’s launch of $7.7trn Halal economy plan

The Senate has hailed the Federal Government for the bold and forward-looking launch of Nigeria’s National Halal Economy Strategy. This strategic policy initiative aims to position the nation to competitively access the estimated $7.7 trillion global halal market and accelerate economic diversification. In a statement signed yesterday by the Chairman of the Senate Committee on […]

NESG condemns FG's N3.5tn budget for education, health
Opinion

GDP under Obasanjo, Jonathan better than Tinubu’s govt — PDP chieftain

A Peoples Democratic Party presidential hopeful, Dr. Gbenga Olawepo-Hashim, has criticised the economic performance of President Bola Ahmed Tinubu’s administration. He said Nigeria’s economy is significantly weaker than it was under previous governments and challenged top economic officials to publicly defend their record. Olawepo-Hashim spoke during an interview on Channels Television, where he addressed the […]

Economy featured

Seven critical issues shaping Nigeria’s economy in 2026 – PwC

As Nigeria transitions from economic stabilisation to growth, PricewaterhouseCoopers has identified seven key themes that will influence whether 2026 becomes a period of sustained stability or marks the start of truly sustainable expansion. Nigeria’s macroeconomic indicators are showing positive alignment. Inflation slowed to 15.15 percent in December 2025, while the economy grew by 3.98 percent […]

Economy featured

2027 elections pose big threats to Nigeria’s economic reforms – NESG

The Nigerian Economic Summit Group has warned that the 2027 general elections could pose the most serious threat yet to Nigeria’s ongoing economic reforms, cautioning that reform fatigue and policy reversals often emerge as political cycles draw closer. The warning was issued during the presentation of the NESG 2026 Macroeconomic Outlook, where the group highlighted […]

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FG targets private investment for economic expansion

The Federal Government has announced a strategic shift from direct economic intervention to a capital de-risking and private sector-driven growth framework under its 2026 Growth Acceleration and Investment Mobilisation Strategy. The new policy direction was disclosed in a statement issued by the Minister of State for Finance, Dr Doris Uzoka-Anite, who explained that the strategy […]

FG considers removal of 7% import surcharge
Opinion

Tinubu’s reforms stabilising economy, says ex-Ondo speaker

A former Speaker of the Ondo State House of Assembly, Victor Olabimtan, has commended President Bola Tinubu for what he described as courageous and far-reaching economic reforms introduced by his administration. Olabimtan made the remark on Sunday while assessing the President’s performance in key sectors considered critical to his re-election prospects. He stated that most […]

Economy

Tinubu projects stronger economy, lower inflation in 2026

President Bola Tinubu has declared that 2026 will usher Nigeria into a more robust phase of economic growth, with his administration committed to further reducing inflation, strengthening foreign reserves and sustaining the country’s gross domestic product growth trajectory. In his New Year message to Nigerians on Thursday, the President expressed confidence in the collective resolve […]

Policy and Regulations

FG updates biotechnology policy to compete in global bioeconomy

The National Biotechnology Research and Development Agency has convened a multi-stakeholder review and validation workshop focused on updating and strengthening the National Biotechnology Policy to reposition Nigeria for participation in the global bioeconomy. The two-day workshop is scheduled for Dec. 8 to 9, 2025, in Abuja, and has gathered government officials, researchers, and experts to […]

Economy

S&P Global upgrades Nigeria’s economic outlook to ‘positive’

S&P Global Ratings has revised its outlook on Nigeria from “stable” to “positive,” while simultaneously affirming the country’s long-term and short-term sovereign credit ratings at “B-/B.” According to the international ratings body, this revision reflects increasing confidence in the trajectory of Nigeria’s external, fiscal, economic, and monetary indicators. S&P stated that the positive outlook emphasizes […]

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