News
Food: BOA Rolls Out New Price Stabilisation Plan
2+ hour, 39+ min ago (539+ words) The Bank of Agriculture (BOA) has unveiled a new food price stabilisation plan under which it will purchase excess produce directly from farmers to curb price volatility, reduce post-harvest losses and protect smallholder farmers from market shocks. Managing Director of…...
MPC: CPPE Advocates Balancing Inflation Mgt With Growth
3+ day, 22+ hour ago (317+ words) Ahead of the forthcoming 305th meeting of the Monetary Policy Committee (MPC) this week, the Centre for the Promotion of Private Sector Enterprise (CPPE) expects the meeting to be situated within the context of evolving domestic macroeconomic realities, heightened geopolitical uncertainties…...
LCCI: Inflation Still Weighing Heavily On Manufacturers, MSMEs
4+ day, 16+ hour ago (405+ words) The Lagos Chamber of Commerce and Industry (LCCI) yesterday urged the government to consolidate the ongoing macroeconomic reforms, as inflation continued to weigh heavily on manufacturers. It listed Micro, Small and Medium Enterprises (MSMEs), traders and consumers, as those also affected....
Positive Economic Rating By S&P Global Excites Govt
5+ day, 17+ hour ago (371+ words) The Federal Government has reacted to the upgrade of Nigeria's sovereign credit rating by S&P Global from'B-' to 'B' with a Stable Outlook, describing the gesture as a welcome development. The latest upgrade by S&P follows similar positive…...
Pre-Election Year: Warnings Over Escalating Govt Spending
1+ week, 1+ day ago (626+ words) There is a compelling need for states and the Federal Government to heed the warning recently given by experts on the economy to exercise frugality and fiscal discipline in terms of spending, and debt accumulation. That is especially so, ahead…...
Tinubu Advocates Safe Sea Lanes For Africa's Blue Economy Investments
1+ week, 1+ day ago (377+ words) President Bola Ahmed Tinubu has said that secured sea lanes and predictable regulation were necessary conditions for attracting private capital into Africa's blue economy, saying that maritime sovereignty has become an economic imperative for the continent's future. He noted that…...
Nigerian Manufacturers Struggle As Rising Costs, Currency Woes Eat Into Profits
1+ week, 1+ day ago (312+ words) Nigeria's manufacturing sector is demonstrating a troubling paradox with revenue climbing, but profits failing to follow. An analysis of recent filings submitted to the Nigerian Exchange (NGX) reveals that while several listed manufacturers posted modest topline growth in the first…...
FG Defends Tax Reform Policy
1+ week, 2+ day ago (923+ words) The Federal Government has underscored the importance of ongoing tax reform policy, saying it's designed to make the economy more investment-friendly and improve fiscal sustainability. Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, stated this on…...
Bagudu: Reforms Boosted Nigeria's Revenue By 40. 7% To N28trn In 3 Years
1+ week, 1+ day ago (400+ words) Nigeria's revenue performance assumed an upward swing under the leadership of President Bola Tinubu, with collection moving significantly from about N19. 9 trillion in 2023 to over N28 trillion in 2025. Minister of Budget and Economic Planning, Senator Abubakar Bagudu, disclosed this to German businessmen…...
Bonded Warehouses Investors" N4. 5trn Idle On Low Patronage
1+ week, 4+ day ago (741+ words) More than 40 bonded terminals with investment of about N4. 5 trillion are gradually going out of business as terminal operators no longer patronise their facilities in Lagos. However, some of them have fizzled for over a decade due to lack of congestion…...