The Special Adviser to President Bola Ahmed Tinubu on Economic Affairs, Dr. Tope Fasua, has hinted that Nigeria is heading toward achieving zero export of crude oil and zero import…
A report by the ECOWAS Bank for Investment and Development’s (EBID) has shown that Nigeria’s share of West African Gross Domestic Product (GDP), declined from 53.3 per cent to 35.2…
The federal government has disclosed that it would soon achieve a Mutual Recognition Agreement (MRA) with one or two of its major trading partners in Africa that will facilitate acceptance…
The British American Tobacco (BAT) Nigeria has called for making Environmental, Social, and Governance (ESG) principles the foundation for Nigeria’s industrial and economic transformation. This call was made recently by…
The Lagos Chamber of Commerce & Industry (LCCI) has commended the federal government on the enactments of four tax laws that were signed into law by President Bola Ahmed Tinubu…
The Manufacturers Association of Nigeria (MAN) has called on the Lagos State Government to reconsider the implementation of the ban on single-use plastics (SUPs). The ban is scheduled to take…
Isaac Samuel The Nigerian Ports Authority (NPA) is projecting a massive revenue leap to over N1.27 trillion in 2025, representing a 40 percent increase from the N894.86 billion it realized…
Nigeria’s Foreign Affairs Minister, Mr. Yusuf Maitama Tuggar, has called on the Economic Community of West African States (ECOWAS) to foster the growth of the private sector and the free-market…
The PZ Cussons Plc has sold its 50 per cent stake in PZ Wilmar to Wilmar International Limited (Wilmar) for $70 million. The sale, which would enable Wilmar to hold…
The ThinkBusiness Africa has advised the federal government to evolve a balanced approach for Sugar-Sweetened Beverage (SSB) that should prioritise enforcement of existing regulations than focusing on increasing the tax…
Says it marks a new shift The Lagos Chamber of Commerce and Industry (LCCI) has declared that The chamber said that the latest inflation report marked “a positive, albeit modest,…
The Nigeria Employers’ Consultative Association (NECA) has called on the federal government to realign its reforms policies to avoid hurting the growth of the private sector. The Director General of…
The United States Ambassador to Nigeria, Mr. Richard M. Mills, has tasked Nigerian government on engendering business friendly regulatory and investment climate to boost investments in line with the United…
The Nigeria Employers’ Consultative Association (NECA) has commended the federal government for relaunching the National Talent Export Programme (NATEP) with the target of creating one million jobs in five years…
Africa Finance Corporation (AFC), has revealed that Africa has over $4 trillion of domestic savings in banking assets, institutional funds and reserves. The revelation was contained in the AFC’s 2025…
Comfort Isaac The Director general of the Nigerian Automotive Design and Development Council Mr. Oluwemimo Osanipin said Nigeria will soon begin the production of plastic automotive components. Osanipin who disclosed…
Oando PLC posted a robust audited full year (FY) 2024 financial results by growing its revenue by 44 percent to N4.1trillion compared to N2.9 trillion in FY 2023. In the…
The Development Bank of Nigeria (DBN) has disbursed over N1 trillion to Micro, Small, and Medium Enterprises (MSMEs) and facilitated the creation of over 1.2 million jobs in the country.…
By Abdul Samad Rabiu As Nigeria marks two years under the leadership of President Bola Ahmed Tinubu, I believe it is important to reflect, not from the lens of politics,…
Isaac Samuel Former Vice President Atiku Abubakar has raised the alarm over Nigeria’s growing debt profile under the administration of President Bola Ahmed Tinubu. Atiku, who was the presidential candidate…
The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Mr. Dele Kelvin Oye, has tasked the federal government on overhauling and strengthening Nigeria’s…
The Manufacturers Association of Nigeria (MAN) has expressed deep concerns regarding the unwholesome treatment of its members by some commercial banks in Nigeria regarding unmet foreign exchange (Forex) forward obligations.…
The Manufacturers Association of Nigeria (MAN) has expressed deeply felt concern and worry about the continued decision of the Central Bank of Nigeria (CBN) to maintain the Monetary Policy Rate…
The federal government has declared that the revised National Employment Policy (NEP) would create an enabling environment for productive and employment intensive growth in Nigeria. This was made known in…
Cadbury Nigeria Plc has announced a profit of N5.98 billion for the first quarter of 2025, following the approval of the unaudited financial statements of the Company by its Board…
The African Export Import Bank (Afreximbank) has projected that the price of cocoa in the international commodity market would remain high in 2025. This projection is contained in “Afreximbank Research…
The African Export Import Bank (Afreximbank) has projected that the price of cocoa in the international commodity market would remain high in 2025. This projection is contained in “Afreximbank Research…
The NESG-Stanbic IBTC Business Confidence Monitor (BCM) for the month of April 2025 has identified power shortages, high commercial lease and limited access to finance as major challenges to business…
The MTN Nigeria has declared its commitment “to protecting our planet by achieving net zero emissions by 2040,” adding that it attained 11 per cent reduction in fuel consumption in…
The Manufacturers Association of Nigeria (MAN) has commended the Federal Government of Nigeria’s new public procurement policy directive that emphasised patronage of Made-in-Nigeria goods and services. MAN also said that…
Financial experts and stakeholders in the Nigerian agribusiness value chain have called for financial products that would attract long term funding from the capital market for the Nigerian agricultural value…
…Says Naira depreciation, higher energy costs driving inflation The productivity of the Nigerian private sector dropped marginally by -0.1 in April 2025 although business activity maintained its positive momentum into…
The Manufacturers Association of Nigeria (MAN) has decried the reported plans by the Nigeria Customs Service (NCS) to re-introduce the 4.0 per cent Free-on-Board Levy (FOB). It said that such…
Lafarge Africa Plc, a manufacturer of a range of cement brands, held its 66th Annual General Meeting (AGM) in Lagos on Friday. The AGM, attended by shareholders, board members, and…
The National Economic Council (NEC) has approved the establishment of a Cotton, Textile and Garment Development Board (CTGDB) to regulate activities in the sector. The CTGDB would be domiciled in…
…Tasks him to drive Investment and job creations in emerging economies The President and Chief Executive of the Dangote Group, Aliko Dangote, has been appointed to the World Bank’s Private…
The Lagos Chamber of Commerce and Industry (LCCI) has called for drastic actions to reduce Nigeria’s value and cost of public borrowing. The LCCI stated these yesterday in a public…
The IMF has sounded a warning to all countries over the surging public debts. This warning was issued on Wednesday by the Director, IMF Fiscal Affairs Department, Mr. Victor Gaspar.…
The International Monetary Fund (IMF) has expressed fear that the strong policy actions that have been taken by governments in Africa to bring down inflation, stabilize public debt, and reduce…
A Professor of Economics and former Member of the Monetary Policy Committee of the Central Bank of Nigeria, Professor Mike Idi Obadan, has stated that the current tariff war, which…
The Manufacturers Association of Nigeria (MAN) in its “MAN Economic Review Second Half 2024,” has said that real manufacturing investment fell by 35.3 percent year-on-year to N658.81 billion in 2024.…
The Centre for the Promotion of Private Enterprise (CPPE) has kicked against the Raw Materials Research and Development Council (RMRDC) Bill currently before the National Assembly, which proposed that no…
A report by the Nigerian Institute of International Affair (NIIA) has declared that the hike in tariffs by the United States of America would hit Nigerian agricultural and manufacturing SMEs…
The Lagos Chamber of Commerce and Industry (LCCI) has said that the ongoing trade war between the United States of America and the rest of threat to Nigeria’s N323.96 billion…
Nigeria is demonstrating commitment to addressing climate change, promoting sustainable economic growth by encouraging the development of a Just Transition Guidelines for the country in line with Paris Agreement. This…
… Wipe Out N2trn from Nigeria’ Agricultural Exports The Manufacturers Association of Nigeria (MAN) has stated that the 14 per cent tariff imposed on Nigerian exports to the United States…
Nigeria has officially gazetted and transmitted to the African Continental Free Trade Area (AfCFTA) Secretariat the Economic Community of West Africa (ECOWAS) Schedule of Tariff Offers for Trade in Goods…
The Minister of State for Industry, Senator John Enoh, announced on Wednesday that the federal government is partnering with the Bank of Industry (BoI) and other stakeholders to revive the…
The Chief Executive Officer of BIC Consultancy Limited, Dr. Boniface Chizea, has remembered Dr. Paschal Dozie, who passed away yesterday as a Nigerian who was passionate about the role of…
The Managing Director of the International Monetary Fund (IMF), Ms. Kristalina Georgieva, has described the tariffs announced by President Donald Trump of the United States of America as posing significant…
