- Economy
Leo Ekeh lauds Tinubu’s investment-friendly reforms
The Chairman of Zinox Group, Mr. Leo Stan Ekeh has described President Bola Tinubu’s investment-friendly reforms as a major boost for investor confidence and a repositioning Nigeria’s economy. Ekeh, in a statement on Friday in Lagos, said the President demonstrated boldness by implementing reforms immediately upon assuming office, warning that any delay could have further contracted the economy and eroded…
Read More » - Perspectives
Billions in Nigeria’s reserves, but where is the growth?, by Blaise Udunze
The moment the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, recently announced that Nigeria’s foreign reserves had inched to $49 billion as of February 5, 2026, the news was received with understandable enthusiasm. He described the development as “a very important statistic” when speaking at the 2nd National Economic Council (NEC) Conference in Abuja, while noting a…
Read More » - Economy
Nigerian banks can drive GDP growth by 7%, says World Bank
The World Bank Country Director for Nigeria, Mr Mathew Verghis, has said Nigerian banking sector has the capacity to drive more than seven per cent growth in Gross Domestic Product (GDP) if properly leveraged Verghis spoke on Thursday at the Agusto & Co 2026 Economic Roundtable held in Lagos in honour of the firm’s late founder, Mr Olabode Agusto. He…
Read More » - Economy
NNPCL grows profit by 6.7% to N5.76trn profit in 2025
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced that it recorded a profit of N5.76 trillion in the 2025 financial year, an increase of 6.7 per cent against N5.4 trillion profit reported in 2024. . It also declared a total revenue of N60.517 trillion from N45.1 trillion in 2024 and remitted N14.706 trillion to the Federation in…
Read More » - Business
Dangote Refinery full capacity to push Naira below N1,000/$, says Otedola
The Chairman of First Holdco Plc, Mr. Femi Otedola has projected that the naira could strengthen to below N1,000 per dollar before the end of the year, citing Dangote Petroleum Refinery’s attainment of full capacity. In a post on X on Thursday, Otedola described the feat achieved by the refinery as a key turning point for Nigeria’s foreign exchange outlook.…
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Ministry of Trade & Investment to focus on sustaining reform momentum in 2026
The Ministry of Trade, Trade & Investment revealed its 2026 outlook with the focus to sustain its reform momentum while tightening execution, with emphasis on disciplined implementation, sub-national delivery, and closer integration of trade, investment. Other part of the Ministry’s focus this year is based on industrial policy to translate consolidation into sustained growth, exports, and jobs. The Ministry headed…
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Bank of Industry disburses N636bn to businesses in 2025
The Bank of Industry (BOI) revealed that it disbursed a N636 billion to about 7,000 businesses in 2025. Disbursement, according to BOI , is one of the highest annual funding interventions in the institution’s history. , The development underscores the bank’s expanding role in supporting key sectors of Nigeria’s economy and driving job creation. According to details released on the…
Read More » - Perspectives
Matthew Tolangha: A great man, indeed! — by Kola Amzat
On the first page of The Nation Newspapers of February 05, 2026, was a tribute by President Bola Tinubu (GCFR) aimed at celebrating and felicitating with Engr. Matthew Tonlagha, Chairman, Maton Engineering Company on his 50th Birthday Anniversary Ceremony. Even though, the president is accustomed to rejoice and celebrate accomplished Nigerians in diverse fields of endeavors on their birthdays, since…
Read More » - Business
UBA to revamp agency, merchant banking with improved features, more value on redpay terminals
United Bank for Africa (UBA) Plc has launched a new Aggregator Sales Structure for its RedPay POS and Agency Banking Network, as part of efforts targeted towards the advancement of its mission to deepen relationship with its network and most importantly, expand financial inclusion across Nigeria. The newly launched multi benefit structure which offers partners a comprehensive value proposition, was…
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Sales of state-owned assets not to fund 2026 budget deficit, says Bagudu
The Minister of Economic Planning and Budget, Senator Abubakar Bagudu on Wednesday said the Federal Government sales of state-owned assets not meant to fund part of over N25 trillion 2026 budget deficit He,however, stressed that the deficit can benefit from the initiative currently considered by President Bola Tinubu’s led administration. Speaking on AriseTV, the Minister noted that the sale of …
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