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Economy

Corruption is Nigeria’s major obstacle to economic advancement — Tinubu

President Bola Ahmed Tinubu has described corruption as a major obstacle to economic advancement and national development. He said it has weakened the country’s ability to mobilise resources for the benefit of citizens. Tinubu spoke on Friday in Awka, Anambra State, at the commissioning of a zonal directorate of the Economic and Financial Crimes Commission […]

Economy featured

Tinubu stabilising economy, Nigeria in safe hands — Okpebholo

Edo State Governor, Monday Okpebholo, has thrown his weight behind President Bola Tinubu’s administration, expressing confidence that the economic reforms currently being pursued by the Federal Government will ultimately steer Nigeria toward stability. The governor made these remarks on Thursday at the “Operation Rescue Benin-Asaba Road” event held in Edo State, where he called on […]

Economy

Youths selling kidneys amid economic hardship — Atiku

Former Vice President Atiku Abubakar has raised the alarm over what he described as a growing trend of young Nigerians selling their kidneys to survive amid the country’s cost-of-living crisis, blaming President Bola Tinubu’s economic policies for the development. The Africa Democratic Congress presidential candidate, in a post on X on Thursday, said he had […]

Economy

Nigeria’s economy grows 4.4% In second quarter — NBS

Nigeria’s economy grew by 4.4 per cent year-on-year in the second quarter of 2026, up from the 4.2 per cent recorded in the corresponding period of 2025, the National Bureau of Statistics said on Monday. The growth was driven by improved performances in both the oil and non-oil sectors during the quarter. The oil sector […]

Economy

UK economy slowed in Q2 amid political unrest — Report

Britain’s economy slowed in the second quarter, the national statistics office reported Thursday, saying that output remained “robust” despite domestic political unrest and fallout from the US-Iran war. According to AFP, the Gross Domestic Product increased 0.4 per cent in the April-June period after it expanded 0.6 per cent in the first quarter, the Office […]

Economy

Firms, households expect inflation pressures to ease further — CBN

Nigerian firms and households expect inflation-related spending to ease over the next six months, even as energy costs remain the biggest driver of inflation perceptions. This is according to the Central Bank of Nigeria’s July 2026 Inflation Expectation Survey. The survey showed that energy costs, insecurity, interest rates and exchange rate movements remained the major […]

Opinion

Peter Obi reveals plans to shift Nigeria to production economy

The Presidential candidate of the Nigeria Democratic Congress, Peter Obi, has outlined plans to transform Nigeria from what he described as a consumption-based economy to a production-driven one if elected president. Obi, a former Anambra State Governor, disclosed this during an appearance on Channels Television’s Sunday Politics programme on July 26, 2026. He said his […]

Economy

How Tinubu’s reforms saved Nigeria from economic collapse — Oyedele

The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, says President Bola Tinubu’s reforms prevented Nigeria’s economy from collapsing. Oyedele said this on Tuesday in Abuja during a plenary at the 2026 Nigeria Employers’ Summit organised by the Nigeria Employers’ Consultative Association (NECA). Oyedele, who spoke on the theme “The Reforms […]

Opinion

Nigeria must secure economy before reclaiming African leadership — Minister

The Minister of State for Foreign Affairs, Sola Enikanolaiye, has said Nigeria must first become economically resilient, secure and stable before it can effectively reclaim its leadership position in Africa and exert greater influence globally. The PUNCH reported that speaking at the launch of “Shadows of Power”, a book authored by retired Rear Admiral Sola […]

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 […]

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