News
IMF warns rising living costs could deepen poverty in Nigeria
4+ hour, 45+ min ago (618+ words) The International Monetary Fund has cautioned that increasing prices of essential goods could worsen poverty and food insecurity in Nigeria, despite improvements in the country's macroeconomic environment and positive economic growth projections. The warning is contained in the IMF's July…...
CPPE predicts steady economic recovery, flags election risks
2+ day, 5+ hour ago (449+ words) The projection was contained in the organisation's half-year economic review, which assessed the country's economic performance during the first six months of the year and outlined expectations for the remainder of 2026. According to the report, Nigeria's inflation rate is expected…...
SMEDAN secures $12m South Korean backing, launches N500m MSME fund
1+ week, 2+ day ago (682+ words) The Small and Medium Enterprises Development Agency of Nigeria has secured a $12 million funding commitment from the South Korean government for the establishment of a world-class Skills Acquisition Centre in Abuja, while also unveiling a N500 million zero-interest Grow Fund to…...
Inflation: Nigerians may pay more for calls, data amid NCC's telecom pricing review
3+ week, 15+ hour ago (669+ words) There is possiblity of Nigerians paying more for calls and data as the Nigerian Communications Commission, working with consultancy KPMG, has begun a comprehensive review of telecom interconnection pricing, the first major reassessment of the sector's tariff framework in nearly…...
Cooking gas prices may fall to N900/kg by year-end " NALPGAM
3+ week, 1+ day ago (696+ words) Retail cooking gas prices may fall to as low as N900 per kilogram by the end of 2026 if the Federal Government implements reforms aimed at boosting supply and lowering distribution costs, the Nigerian Association of Liquefied Petroleum Gas Marketers has said....
Manufacturing growth stalls after 26 years " CPPE
3+ week, 5+ day ago (591+ words) Despite 26 years of uninterrupted democratic governance, Nigeria's manufacturing sector remains trapped in a cycle of weak growth, with its contribution to the economy largely stagnant and far below expectations, according to the Centre for the Promotion of Private Enterprise. In…...
Rev360 launch signals new era in Nigeria's digital tax administration
4+ week, 3+ hour ago (666+ words) The platform was officially launched on Wednesday at the headquarters of the Nigeria Revenue Service in Abuja, with attendance from government officials, representatives of professional bodies, development partners, business groups, tax practitioners, and members of the taxpayer community. Speaking on…...
CPPE says Nigeria's economic growth may stall without strong manufacturing sector
1+ mon, 1+ week ago (582+ words) The Centre for the Promotion of Private Enterprise has cautioned that Nigeria's economy may struggle to achieve long-term transformation if the manufacturing sector remains underdeveloped, even as the country records stronger economic growth in the first quarter of 2026. This position…...
SON advocates accurate measurement to boost economic growth
1+ mon, 2+ week ago (370+ words) The Standards Organisation of Nigeria has renewed calls for improved measurement systems and stricter adherence to standards as part of efforts to strengthen policymaking, industrial productivity, and consumer confidence in the country. Speaking during the 2026 World Metrology Day celebration in…...
FTC eyes Pan-African growth, celebrates 50th anniversary
2+ mon, 1+ day ago (599+ words) The Group Managing Director/Chairman of Financial Trust Company, Omoniyi Ajayi, has announced the company's 50th anniversary, describing the milestone as a testament to endurance, institutional vision, and sustained trust within Nigeria's evolving capital market. Speaking at a press conference in…...