ECONOMY

The Federal Government has implored the Nigerian Exchange Group (NGX) to play a pivotal role in helping Nigeria achieve its $1tn economy target by 2030. The Minister of Industry, Trade and Investment, Jumoke Oduwole, made the call during the ‘Closing Gong’ ceremony held on Monday at the Exchange in Lagos....

The Nigerian Economic Summit Group (NESG) has raised concerns that the 2025 budget falls short of meeting Nigeria’s critical social and infrastructure demands. In its latest publication, “2025 FGN Budget Analysis: Can the Budget Deliver a Major Economic Boost?,” the policy think tank highlighted persistent structural issues in the country’s...

The National Economic Council (NEC) has approved the establishment of a Cotton, Textile, and Garment Development Board, alongside new strategies for agribusiness expansion and livestock transformation initiatives to reposition Nigeria’s economy and tackle insecurity at its roots. The initiative is projected to generate up to $90 billion in economic value...

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has urged the Federal Government to target economic stimulus packages, increase investment in agriculture, and foster a predictable tax environment to tackle the projected rise in poverty. NACCIMA came out with this position following the forecast of the...

President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has said that the continent of Africa must end the export of its raw materials and inputs to trigger growth. In his official X page on Thursday, Adesina said the continent must embrace export of value-added products to increase its...

The Minister of State for Agriculture and Food Security, Dr. Aliyu Abdullahi, has said revitalising Nigeria’s cooperative sector is vital for empowering citizens and unlocking the country’s potential to join the $1 trillion economy club within the next decade. Speaking at the Southeast and Southsouth Cooperative Stakeholders Forum held in...

The World Bank has praised Nigeria’s recent GDP growth of 3.4% — the strongest since 2014 — and commended the government’s progress in stabilising the economy and improving portfolio performance. The delegation from the World Bank, led by Vice President for Western and Central Africa, Ousmane Diagana, who met on...

The Securities and Exchange Commission (SEC) is set to collaborate with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to implement joint nationwide sensitisation campaigns on “Financing SMEs through the Capital Market.” The Director-General of the SEC, Dr Emomotimi Agama, stated this during a meeting with SMEDAN in...

Nigeria headline inflation has increased to 24.23 per cent in March 2025 after dropping for the last two consecutive months. The National Bureau of Statistics (NBS) revealed in its latest consumer price index data on Tuesday, April 14. This shows that headline inflation inched up in March from 23.18 per...

• commissions KAP Film Village & Resort in Igbojaye Oyo State governor, 'Seyi Makinde, has declared that the state is well on course with its commitment to expand its economy through tourism, noting that tourism remains a key cornerstone in the administration's economic strategy. This was as the governor maintained...