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News
Nigeria’s Digital Economy Is Surging As Fibre Backbone Is Under Threat
1+ day, 3+ hour ago (706+ words) Independent Newspaper Nigeria Nigeria’s Digital Economy Is Surging As Fibre Backbone Is Under Threat Nigeria processed N1.053 quadrillion in electronic payments in the first quarter of 2026, the highest single-quarter total recorded in the Central Bank of Nigeria’s payment data series since…...
Julius Berger, Lagos State Outline Path To $1trn Economy Through Long-Term Value Creation
4+ day, 1+ hour ago (1015+ words) Julius Berger Nigeria Plc and Lagos State Government has articulated a shared vision for unlocking value in Africa’s second-largest city economy, and positioning Lagos on the path to becoming a trillion-dollar economy by 2052. This is as Infrastructure, investment and public-private…...
Tinubu Charges Banks To Drive Production, Job Creation
5+ day, 12+ hour ago (1058+ words) …Vows Nigeria Must Turn Economic Stability Into Jobs, Investment ABUJA – President Bola Ahmed Tinubu has charged Nigeria’s banking and financial services industry to move beyond balance- sheet expansion and channel more capital into businesses, production and job creation, saying the…...
FG Overhauls Budget Process, Ditches Flawed Economic Projections
1+ week, 4+ day ago (414+ words) ABUJA – The Federal Government has moved to tighten the way Nigeria’s budgets are prepared, with a major focus on eliminating overly optimistic economic assumptions that have contributed to gaps between budget projections and actual performance. The move followed resolutions reached…...
The Debt Burden: A Case For Debt Relief…
2+ week, 14+ hour ago (227+ words) Nigeria stands at a critical economic crossroads. Barely two decades after securing a landmark debt relief package from the Paris Club under the administration of former President Olusegun Obasanjo, the country, once again, finds itself burdened by mounting debt obligations....
Manufacturing Key To Tinubu’s $1trn Economy Target – Coleman MD
3+ week, 3+ day ago (619+ words) Nigeria’s ability to achieve President Bola Tinubu’s ambition of growing the economy to $1 trillion by 2030 will depend largely on the prioritisation of manufacturing, value addition, affordable financing and reliable power supply, George Onafowokan, Managing Director of Coleman Technical Industries Limited,…...
FG Details N15.8trn Subsidy Savings Allocation Over 31 Months
3+ week, 4+ day ago (1011+ words) …Spends N9.39trn On Wage Increases, Allowances ABUJA – The Federal Government has disclosed that it spent N9.39 trillion of the resources mobilised from economic reforms on wage adjustments, minimum wage increases and allowances for public servants between June 2023 and December 2025. The disclosure came…...
Insurance Recapitalisation: Analysts See Stronger Industry, But Warn Capital Alone Won’t Deliver Growth
3+ week, 4+ day ago (1168+ words) Nigeria’s insurance industry is emerging from one of its most disruptive regulatory exercises in decades, but analysts say the real test has only just begun: whether the billions of naira injected into the sector can translate into deeper insurance penetration,…...