- Economy
Tony Elumelu Foundation to unveil 12th entrepreneurship cohort
The Tony Elumelu Foundation (TEF) is set to announce the 12th cohort of its flagship Entrepreneurship Programme on Sunday, marking another milestone in its drive to empower African entrepreneurs. The announcement follows a record-breaking 265,000 applications received from across all 54 African countries, reflecting growing interest in entrepreneurship and innovation across the continent. The surge in applications highlights increasing focus…
Read More » - Perspectives
Humbled Seyi Makinde!, by Kola Amzat
In recent time, this is about the fourth or fifth Piece this writer is availing the readers on Oyo state governor-Seyi Makinde and his mode of governance and the Write-up may as well be the last on him, at least in this dispensation, as the hen has come to roost. There is absolutely nothing to add to the aforementioned contributions,…
Read More » - Economy
S&P projects $155bn for Africa’s sovereign borrowing in 2026
S&P Global Ratings has revealed that commercial long-term borrowing by African sovereigns is projected to rise to $155 billion in 2026, up from $140 billion issued in 2025. The global credit rating agency disclosed this in a recent report, noting that the increase will be driven by a combination of maturing debt obligations and ongoing fiscal financing needs across the…
Read More » - Economy
UBA, NiDCOM deepen collaboration to unlock diaspora capital for Nigeria’s growth
United Bank for Africa (UBA) Plc has reiterated its commitment towards building tangible economic bridges and strengthening diaspora-driven investment into Nigeria. UBA’s Group Managing Director/Chief Executive Officer, Oliver Alawuba, stated this on Monday, while hosting key representatives from the Nigerians in Diaspora Commission (NiDCOM) led by its chairman/CEO, Hon. Abike Dabiri, at the bank’s UK office. L-R: Group Managing Director/CEO,…
Read More » - Economy
Foreign debt gulps N136bn from Govt’s January revenue
External debt obligations gulped a total of N136.54billion from revenues generated by the federation in January 2026, according to Federation Account Allocation Committee documents. The amount was deducted at source from the gross revenue for the month before distribution in February 2026, effectively reducing the net FAAC allocations available to the three tiers of government. Findings showed that the January…
Read More » - Economy
SEC targets 92% market cap-to-GDP ratio in new master plan, says Agama
The director general,. Securities and Exchange Commission (SEC), Dr Emomotimi Agama has unveiled plans to raise Nigeria’s market capitalisation-to-GDP ratio from its current 33 per cent to 92 per cent — the level achieved by India — as part of an ambitious 2026–2035 Capital Market Master Plan currently in development. He disclosed this on Tuesday at a Citizens’ and Stakeholders’…
Read More » - Economy
Nigerian equities market crosses historic 200,000basis points mark
Nigeria’s stock market hit a major milestone on Monday, with the NGX All-Share Index (ASI) crossing the 200,000-point mark, buoyed by strong investor demand and broad-based gains across key sectors. The benchmark index rose 1.55per cent to close at 201,474.89 points, up from 198,407.30 points in the previous trading session. This brings the month-to-date (MTD) return of the ASI to…
Read More » - Economy
Inflation eases slightly to 15.06% in February 2026, says NBS
National Bureau of Statistics (NBS) has disclosed that. Nigeria’s headline inflation rate moderated marginally to 15.06per cent in February 2026, down from 15.10per cent recorded in January 2026. The report shows that while annual inflation eased slightly, monthly price pressures strengthened during the period. The Consumer Price Index (CPI), which measures changes in the average price level of goods and…
Read More » - Economy
Chinese tariff removal: Manufacturers in Nigeria, others African countries to save $1.4bn yearly
Manufacturers have welcomed Chinese President Xi Jinping’s decision to remove tariffs on imports from 53 African countries starting May 1, 2026, noting that the zero-tariff policy will open one of the world’s largest consumer markets to African producers and manufacturers. Nigeria and other African manufacturers under their umbrella body, Pan-African Manufacturers Association (PAMA), expressed optimism that with bilateral trade already…
Read More » - Economy
Five companies migrate from loss to N2.13trn profit before tax in 2025
A total of five companies on the Nigerian Exchange Limited (NGX) have migrated from N764.35 billion loss before tax in 2024 to N2.13 trillion profit before tax in 2025, coming on the backdrop of stability in the foreign exchange market, operational efficiency, among other improving economy indicators. The five companies are: MTN Nigeria Communications Plc, Nestle Nigeria Plc, Cadbury Nigeria…
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