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Category: Economy

Governor Seyi Makinde Unveils Oyo’s AfCFTA Strategy to Boost Trade, Create Jobs, and Drive Economic Growth
BusinessEconomyLocal

Governor Seyi Makinde Unveils Oyo’s AfCFTA Strategy to Boost Trade, Create Jobs, and Drive Economic Growth

Oyo State Governor Seyi Makinde has reaffirmed his administration’s commitment to unlocking economic prosperity and sustainable development through the African…

byEkeminiOctober 17, 2025October 17, 2025
CBN Charts Nigeria’s Economic Future in Washington, Targets 7% Growth by 2028
BusinessEconomyLocal

CBN Charts Nigeria’s Economic Future in Washington, Targets 7% Growth by 2028

Nigeria’s economic leadership took the global stage in Washington, DC, this week, unveiling a bold and data-driven roadmap toward sustained…

byEkeminiOctober 17, 2025October 17, 2025
NGX Market Loses ₦4bn as Trading Volume Plummets by 58%
BusinessEconomyLocal

NGX Market Loses ₦4bn as Trading Volume Plummets by 58%

The Nigerian Exchange Limited (NGX) witnessed a mild setback on Tuesday, October 15, 2025, as market capitalisation fell by ₦4…

byEkeminiOctober 15, 2025October 15, 2025
African Finance Ministers Applaud Ghana’s GOLDBOD Model as Blueprint for Resource-Led Growth
BusinessEconomyInternational

African Finance Ministers Applaud Ghana’s GOLDBOD Model as Blueprint for Resource-Led Growth

At a high-level meeting on the sidelines of the 2025 IMF–World Bank Annual Meetings in Washington, Ghana’s innovative approach to…

byEkeminiOctober 15, 2025October 15, 2025
Naira Weakens Slightly to N1,467/$1 Despite Rising Foreign Reserves
BusinessEconomyLocal

Naira Weakens Slightly to N1,467/$1 Despite Rising Foreign Reserves

Nigeria’s currency began the week on a mild downward note as the naira slipped to N1,467 per dollar on Tuesday,…

byEkeminiOctober 15, 2025October 15, 2025
Nigeria’s $36.7 Billion 2025 Budget Among Africa’s Lowest Despite Fiscal Reforms
BusinessEconomyLocal

Nigeria’s $36.7 Billion 2025 Budget Among Africa’s Lowest Despite Fiscal Reforms

Nigeria’s 2025 budget, set at $36.7 billion, ranks among the lowest on the African continent, despite ongoing fiscal reforms aimed…

byEkeminiOctober 14, 2025October 14, 2025
Analysts Warn Nigeria Risks Losing FTSE Frontier Market Status Over Capital Gains Tax Plan
BusinessEconomyLocal

Analysts Warn Nigeria Risks Losing FTSE Frontier Market Status Over Capital Gains Tax Plan

Financial experts have raised alarms that Nigeria may jeopardize its fragile progress toward regaining a spot in the FTSE Frontier…

byEkeminiOctober 14, 2025October 14, 2025
Ghana Cedi Named Africa’s Best-Performing Currency in 2025 – World Bank
BusinessEconomyLocal

Ghana Cedi Named Africa’s Best-Performing Currency in 2025 – World Bank

Eight months into 2025, the Ghanaian cedi has emerged as Africa’s best-performing currency, according to the World Bank’s latest Africa…

byEkeminiOctober 14, 2025October 14, 2025
World Bank Urges Nigeria to Deepen Economic Reforms, Enforce Fiscal Discipline, and Strengthen Transparency
BusinessEconomyLocal

World Bank Urges Nigeria to Deepen Economic Reforms, Enforce Fiscal Discipline, and Strengthen Transparency

The World Bank has called on the Nigerian government to sustain its current wave of economic reforms by tightening fiscal…

byEkeminiOctober 10, 2025October 10, 2025
FRC, SEC Champion Ethical Corporate Governance as SCGN Marks 20 Years of Integrity and Leadership
BusinessEconomyLocal

FRC, SEC Champion Ethical Corporate Governance as SCGN Marks 20 Years of Integrity and Leadership

As Nigeria continues to navigate waves of technological disruption and economic uncertainty, the Financial Reporting Council of Nigeria (FRC) and…

byEkeminiOctober 10, 2025October 10, 2025
European Steel Stocks Surge as EU Plans to Halve Tariff-Free Import Quotas
BusinessEconomyInternational

European Steel Stocks Surge as EU Plans to Halve Tariff-Free Import Quotas

European markets climbed on Wednesday as investors reacted positively to the European Union’s proposal to slash tariff-free import quotas on…

byEkeminiOctober 8, 2025October 8, 2025
$2 Billion Nigerian Broadband Project to Drive GDP Growth and Digital Inclusion
EconomyLocalTechnology

$2 Billion Nigerian Broadband Project to Drive GDP Growth and Digital Inclusion

Nigeria is set to witness a major digital transformation as the government launches a $2 billion broadband project aimed at…

byEkeminiOctober 7, 2025October 7, 2025
Nigeria’s Dele Alake Urges Africa to Industrialise Its Minerals and Build a Green Industrial Future
BusinessEconomyLocal

Nigeria’s Dele Alake Urges Africa to Industrialise Its Minerals and Build a Green Industrial Future

Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, has called on African nations to end the era of exporting…

byEkeminiOctober 6, 2025October 6, 2025
Nigeria’s Intra-African Trade Rises by ₦610bn Amid Weak Naira, Shifting Global Ties
BusinessEconomyLocal

Nigeria’s Intra-African Trade Rises by ₦610bn Amid Weak Naira, Shifting Global Ties

Nigeria’s trade with other African countries surged by ₦610 billion in the first half of 2025, reflecting a renewed push…

byEkeminiOctober 6, 2025October 6, 2025
Tony Elumelu Foundation Donates ₦1 Billion to Empower 18,500 Nigerian Women Under Renewed Hope Initiative
BusinessEconomyLocal

Tony Elumelu Foundation Donates ₦1 Billion to Empower 18,500 Nigerian Women Under Renewed Hope Initiative

In a major push for women’s economic inclusion, the Tony Elumelu Foundation (TEF) has donated ₦1 billion to the Renewed…

byEkeminiOctober 6, 2025October 6, 2025
Naira Rises to ₦1,465 per Dollar as FX Inflows Strengthen and Dollar Weakens
BusinessEconomyLocal

Naira Rises to ₦1,465 per Dollar as FX Inflows Strengthen and Dollar Weakens

The Nigerian naira extended its rally last week, closing at ₦1,465 per U.S. dollar at the official market, buoyed by…

byEkeminiOctober 6, 2025October 6, 2025
Dangote Launches $2.5bn Fertiliser Plant in Ethiopia to Boost Africa’s Food Security
BusinessEconomyInternational

Dangote Launches $2.5bn Fertiliser Plant in Ethiopia to Boost Africa’s Food Security

Africa’s richest man and President of the Dangote Group, Aliko Dangote, has broken ground on a $2.5 billion fertiliser plant…

byEkeminiOctober 6, 2025October 6, 2025
Capital Market Operators Push for Bold Reforms to Restore Investor Confidence in Nigeria
BusinessEconomyLocal

Capital Market Operators Push for Bold Reforms to Restore Investor Confidence in Nigeria

Capital market operators have renewed calls for the Federal Government to implement bold reforms that would attract more companies to…

byEkeminiOctober 3, 2025October 3, 2025
Full Implementation of Industrial Policy Vital for Nigeria’s Economic Growth – MAN
BusinessEconomyLocal

Full Implementation of Industrial Policy Vital for Nigeria’s Economic Growth – MAN

The Manufacturers Association of Nigeria (MAN) has urged the Federal Government to fully implement the forthcoming national industrial policy if…

byEkeminiOctober 3, 2025October 3, 2025
CBN Cuts Interest Rate to 27% to Ease Borrowing Costs for SMEs and Households
BusinessEconomyLocal

CBN Cuts Interest Rate to 27% to Ease Borrowing Costs for SMEs and Households

The Central Bank of Nigeria (CBN) has lowered its benchmark Monetary Policy Rate (MPR) by 50 basis points to 27…

byEkeminiSeptember 26, 2025September 26, 2025
PenCom Launches “Pension Revolution 2.0” to Expand Health Insurance and Secure Retirees’ Dignity in Nigeria
BusinessEconomyLocal

PenCom Launches “Pension Revolution 2.0” to Expand Health Insurance and Secure Retirees’ Dignity in Nigeria

The National Pension Commission (PenCom) has unveiled a bold new initiative dubbed “Pension Revolution 2.0,” aimed at transforming Nigeria’s pension…

byEkeminiSeptember 24, 2025September 24, 2025
Infrastructure Expert Urges Nigerian Government to Embrace Innovation for Lasting Roads and Runways
BusinessEconomyLocal

Infrastructure Expert Urges Nigerian Government to Embrace Innovation for Lasting Roads and Runways

Infrastructure specialist Isaac Oyawoye has called on the Federal Government to make massive investments in innovation to tackle Nigeria’s worsening…

byEkeminiSeptember 24, 2025September 24, 2025
Chagoury, the Lebanese -Nigerian industrialist
BusinessEconomyInternational

Chagoury, the Lebanese -Nigerian industrialist

Gilbert Ramez Chagoury, a Lebanese-born entrepreneur, has built a remarkable bridge between his hometown of Miziara in Lebanon and his…

byEkeminiSeptember 23, 2025September 23, 2025
Importers Warn 4% FOB Levy Could Add N4 Trillion to Freight Costs, Fuel Inflation in Nigeria
BusinessEconomyLocal

Importers Warn 4% FOB Levy Could Add N4 Trillion to Freight Costs, Fuel Inflation in Nigeria

The Importers Association of Nigeria (IMAN) has raised alarm over the Federal Government’s proposed 4 percent Free-On-Board (FOB) levy on…

byEkeminiSeptember 15, 2025September 15, 2025
Reps Panel Orders Finance Minister Wale Edun to Withdraw 2025 Budget Implementation Document
BusinessEconomyLocal

Reps Panel Orders Finance Minister Wale Edun to Withdraw 2025 Budget Implementation Document

Nigeria’s House of Representatives Committee on Appropriation has issued a firm directive to Finance and Economy Minister Wale Edun to…

byEkeminiSeptember 12, 2025September 12, 2025
FG Gazettes Nigeria’s New Tax Reform Laws, Exempts Small Businesses and Cuts Corporate Tax
BusinessEconomyLocal

FG Gazettes Nigeria’s New Tax Reform Laws, Exempts Small Businesses and Cuts Corporate Tax

The Federal Government has officially published Nigeria’s sweeping new tax reform laws in the national gazette, signaling one of the…

byEkeminiSeptember 11, 2025September 11, 2025
Senate Urges CBN to Extend Loan Forbearance Deadline to Protect Investors
BankingBusinessEconomyLocal

Senate Urges CBN to Extend Loan Forbearance Deadline to Protect Investors

The Senate has called on the Central Bank of Nigeria (CBN) to extend the deadline for banks to end loan…

byEkeminiSeptember 10, 2025September 10, 2025
Renewed Hope Housing Programme: FG Tackles Nigeria’s 17 Million Housing Deficit with N70bn Investment and PPPs
BusinessEconomyLocal

Renewed Hope Housing Programme: FG Tackles Nigeria’s 17 Million Housing Deficit with N70bn Investment and PPPs

Nigeria’s housing landscape is undergoing a transformative shift under the Renewed Hope Housing Programme, a flagship initiative by President Bola…

byEkeminiSeptember 9, 2025September 9, 2025
Clearing Agents Urge Customs to Extend Deadline on 905 Overtime Cargoes in Lagos Ports
BusinessEconomyLocal

Clearing Agents Urge Customs to Extend Deadline on 905 Overtime Cargoes in Lagos Ports

Licensed clearing agents have appealed to the Nigeria Customs Service (NCS) to extend its two-week ultimatum for importers to clear…

byEkeminiSeptember 1, 2025September 1, 2025
AfCFTA Urges Africa to Cut Dollar Dependence and Embrace Local Currencies to Boost Trade
EconomyInternationalinvestment

AfCFTA Urges Africa to Cut Dollar Dependence and Embrace Local Currencies to Boost Trade

At the 2025 Afreximbank Annual Meetings in Abuja, Wamkele Mene, Secretary General of the African Continental Free Trade Area (AfCFTA),…

byEkeminiJune 26, 2025June 26, 2025

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