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Nigeria economy

23 Feb
Nigeria, like many other nations, is currently undergoing a transformative digital financial revolution that holds immense promise for financial inclusion and economic growth. However, with this surge in digital financial services comes an escalating need for robust security measures to safeguard against illicit financial activities. In this rapidly evolving landscape, the role of financial risk…
23 Feb
Nigeria's economy grew 3.46 per cent in the fourth quarter of 2023, sustaining the third consecutive expansion since President Bola Tinubu assumed office as president.
8 Feb
In the labyrinth of Nigeria's economic landscape, a pervasive wave of hardship has engulfed the nation, leaving its citizens navigating through soaring costs, diminished purchasing power, and profound lifestyle adjustments. The complex interplay of policy reforms, notably the removal of fuel subsidies and the unification of exchange rates, has ushered in a new era of…
18 Dec
Former APC Deputy National Publicity Secretary, Timi Frank, has voiced deep concern about the deteriorating socio-economic conditions during President Bola Tinubu's tenure. Frank, in a statement issued on Monday, highlighted the severe economic hardships faced by Nigerians, citing escalating poverty, salary delays, inflation surges beyond 28 percent, and the cost of living soaring. He pointed…
4 Dec
For the nation’s economy to grow steadily at sixteen per cent per annum over the next six years to attain $1 trillion economy by 2030, there is need for government to unlock the huge potentials of long term financing inherent in the capital market, as well as ensure that borrowings are tied to infrastructure bonds.…
11 Nov
Prof. Doyin Salami, former Chief Economic Adviser to the immediate past president of the country, Muhammadu Buhari, has blamed the nation’s backwardness on its handlers, saying there were no deliberate efforts about its progress. Salami, who was the guest speaker at the 2023 Sobo Sowemimo Annual Lecture with the theme, ‘Imperatives of Nigeria’s Regeneration’, held at the…
19 Sep 2023
Deputy Secretary, U.S. Department of the Treasury, Wally Adeyemo, yesterday, blamed instability of the naira, corruption, and lack of integrity for Nigeria’s financial woes, even as he proffered solutions. Adeyemo spoke, when he visited the Lagos Business School, calling among others, for unification of the country’s foreign exchange, with a view to attracting foreign investment.…
30 May 2023
I wish to congratulate you (former) Mr President for your stewardship of Nigeria for the past eight years. Thank you very much for all your strong support for me, as President of the African Development Bank Group.
29 May 2023
Findings have shown that contrary to promises by President Muhammadu Buhari and the All Progressives Congress (APC), on assumption of office in 2015 and 2019, to revamp the economy, tackle corruption, among others, not much have been achieved, few days to the end of their eight years in office.

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American Musician, Taylor Swift, has joined the club of world billionaires, according to Hurun’s world richest people's list. The report revealed that “At 34, Taylor Swift joins the billionaire club with US$1.2 billion, not from typical celebrity side hustles, but uniquely through her music. "Over half her fortune stems from royalties and touring, including US$190…
13 mins ago
The Nigeria Security and Civil Defence Corps (NSCDC) has deployed 35,000 personnel to provide security nationwide as Christians celebrate the resurrection of Jesus Christ.
13 mins ago
Six members of the Enugu State House of Assembly elected on the platform of the Labour Party have formerly announced their defection to the ruling Peoples Democratic Party (PDP). Those who defected include the Chief Whip of the house and member representing Igboeze North I, Ejike Eze; the leader of the house and member representing…
14 mins ago
The Federal Airports Authority of Nigeria (FAAN) has closed the KFC outlet at the Murtala Muhammed International Airport (MMIA) in Lagos. FAAN’s spokesperson, Obiageli Orah, disclosed this in a statement on Thursday. The closure follows a complaint by a customer in a wheelchair, alleging discriminatory treatment he received at the airport by officials of the…
26 mins ago
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29 mins ago
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30 mins ago
The Rivers State Police has arrested 26 suspects for being part of a car snatching ring operating in the State. Commissioner of Police Olatunji Disu announced that those arrested also included a juju priest allegedly involved in the gang's activities. The suspects were paraded at the command headquarters in Port Harcourt. “For some time now,…
49 mins ago
The Nigeria Security and Civil Defence Corps (NSCDC), Anambra Command, said that 1,051 personnel have been deployed to secure national assets and infrastructure during the Easter festivities across the state.
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1 hour ago
President Bola Ahmed Tinubu met with the Chairman of Global Infrastructure Partners (GIP), Adebayo Ogunlesi, and his team at the State House, Abuja on Wednesday. Although details of the meeting are undisclosed. However, sources hinted that their conversation revolved around attracting foreign investments into the Nigerian economy. Ogunlesi is a Nigerian lawyer and investment banker,…