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Tag: Economy

Economy

Nigeria’s current account surplus hit $4.98bn in Q1 — CBN

The Central Bank of Nigeria on Wednesday said the nation’s current account surplus grew year-on-year by 46 per cent to $4.98 billion in the first quarter of 2026. The apex bank disclosed this in its Balance of Payments report for Q1’26 noting that the current account surplus also grew quarter-on-quarter by 255.7 per cent from […]

Economy featured

FG admits inflation, insecurity persist despite ongoing economic reforms

The Federal Government on Tuesday acknowledged that inflation and insecurity remain major challenges facing Nigerians, even as it defended the economic reforms introduced by President Bola Tinubu’s administration over the past three years. The PUNCH reported that speaking at a press conference to mark the 2026 Democracy Day celebration in Abuja, Secretary to the Government […]

Economy

Nigeria’s economy stronger but poverty worsened, IMF warns

The International Monetary Fund said Tuesday that reforms implemented by the Nigerian government had strengthened the country’s economy, but warned that more than 60 per cent of Nigerians now live in poverty. Since taking office just over three years ago, President Bola Tinubu has removed a costly fuel subsidy that had kept petrol prices artificially […]

Economy featured

Tinubu takes bullets to save Nigeria from economic disaster — Onanuga

Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, has defended the Federal Government’s economic reforms. He said the President made difficult decisions to prevent Nigeria from sliding into fiscal crisis. In an opinion article released on Friday to mark Tinubu’s third year in office, Onanuga said the administration implemented painful but […]

Economy

FG unveils plan to unlock $74bn livestock economy by 2035

The Minister of Livestock Development, Alhaji Idi Mukhtar Maiha, has outlined a comprehensive roadmap for unlocking Nigeria’s projected $74 billion livestock economy, stressing that bold reforms, strategic investments and stronger private sector participation are critical to achieving the target by 2035. Vanguard reported that speaking at the Vanguard Economic Discourse 2026 in Lagos, the minister, […]

Opinion

Ibadan poised to lead Nigeria’s economic growth, says CCII

The President-General of the Central Council of Ibadan Indigenes, Ajeniyi Ajewole, on Wednesday said Ibadan, Oyo State capital, possesses the capacity to emerge as a leading economic force in Nigeria, noting that harnessing its potential would create employment opportunities for youths and significantly boost the state’s internally generated revenue. Vanguard reported that he made this […]

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 […]

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