News
Moody's Gives Up South African Ratings License
2+ week, 3+ day ago (291+ words) International credit rating agency Moody's has given up the regulatory licence of its South African subsidiary, as it shifts towards servicing cross-border investors and African issuers seeking access to international capital markets. The decision, disclosed in a regulatory notice, is…...
Centre Urges Supply-Side Reforms As Geopolitical Tensions Fuel Nigeria's Inflation Risks
12+ hour, 13+ min ago (348+ words) The Centre for the Promotion of Private Enterprise (CPPE) has called for a shift toward supply-side interventions to curb inflation, amid rising energy and transport costs linked to Middle East tensions. Speaking the director/CEO of CPPE, Dr. Muda Yusuf…...
LCCI Calls For Forex Stability, Lower Energy Costs Amid Inflation Rise
12+ hour, 5+ min ago (370+ words) The Lagos Chamber of Commerce and Industry (LCCI) has urged the federal government to stabilise the foreign exchange market and reduce energy and logistics costs as Nigeria's headline inflation rate rose slightly to 15. 69 per cent in April 2026 from 15. 38 per cent recorded…...
LCCI Urges FX Stability, Energy Reforms As Inflation Continues To Bite Businesses
1+ day, 4+ hour ago (425+ words) Despite a decline from 26. 82 per cent a year ago, Lagos Chamber of Commerce and Industry (LCCI) said inflation remains a heavy burden on manufacturers, MSMEs, and consumers due to elevated costs of food, transport, and energy. The Chamber called on government…...
Nigeria's Inflation Rises To 15. 69% In April " NBS
1+ day, 9+ hour ago (146+ words) Nigeria's headline inflation rate rose to 15. 69 per cent in April 2026, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). The figure represents an increase from 15. 38 per cent recorded in March 2026, the Bureau…...
Poverty Mounts, Economic Development Stagnant In Nigeria Despite Decades Of Oil Production - Report
1+ day, 5+ hour ago (502+ words) Nigeria is among other oil and gas producers profiled in a recent report that have failed to use proceeds of oil and gas exploration to turn around its economy and livelihoods of citizens. Across Africa, more than anywhere else, oil…...
$1trn Economy: Tinubu Engages Investors In Paris, Highlights Reform Gains, 11. 2% GDP Growth
1+ week, 4+ day ago (322+ words) President Bola Tinubu has met with global investors in Paris, France, emphasising transparency and fiscal discipline, and explaining the rationale for the swift implementation of bold reforms. At the meeting, the Minister of Finance and Coordinating Minister of the Economy,…...
Mining Sector Contributes Only 0. 72% To GDP As Illicit Financial Flows Drain Gains " NEITI
2+ day, 9+ hour ago (412+ words) Nigeria's solid minerals sector contributed just 0. 72 per cent to the country's gross domestic product (GDP) in 2023, with revenue totaling N401 billion, as illicit financial flows (IFFs) significantly undermined its potential, the Nigeria Extractive Industries Transparency Initiative (NEITI) reported in a policy…...
Economic Reforms Painful But Necessary For Nigeria's Growth " Alake
2+ day, 4+ hour ago (442+ words) The Minister of Solid Minerals Development, Dele Alake, has said the current economic hardship facing Nigerians is painful but necessary for building a resilient and sustainable economy. Alake stated this in Abuja at the maiden edition of the Solid Minerals…...
Uba Sani To DPAN: Kaduna Is Investment-Friendly
1+ mon, 2+ day ago (503+ words) Governor Uba Sani has promised to support the Dangote Peugeot Automobiles Nigeria Limited(DPAN) because Kaduna State is the second subnational in the Ease of Doing Business ranking in Nigeria. The Governor who made this commitment when the management of…...