Economy
-
Nigeria leads Africa’s entertainment and media growth at 11.2% – PwC report
Nigeria has emerged as Africa’s top-performing entertainment and media (E&M) market, recording an impressive 11.2 per cent growth rate in 2024, according to the latest report by PricewaterhouseCoopers (PwC). The report, titled “Africa’s E&M Shift: Fast, Focused and Future-Ready (Perspective from the Africa Entertainment and Media Outlook 2025–2029)”, ranked Kenya and South Africa next with 7.1 per cent and 6.2…
Read More » -
Oyo is Nigeria’s most investable sub-national economy, says Makinde
By Adejayan Gbenga – Oyo State Governor, Seyi Makinde, has described the state as Nigeria’s most investable sub-national economy, highlighting its readiness for global partnerships during his keynote address at the Nigeria–Belgium Luxembourg Business Forum held on Wednesday. Speaking on the theme “Oyo State: Nigeria’s Investable Frontier for Strategic Global Partnerships,” Makinde said the state had undergone significant transformation over…
Read More » -
Wike hails Tinubu’s courage on fuel subsidy removal, highlights fiscal gains
By Kunle Sanni – Minister of the Federal Capital Territory (FCT), Nyesom Wike, has commended President Bola Tinubu for what he described as a courageous and transformative decision to remove the fuel subsidy. Speaking at the 2025 Innovate Africa Conference in Abuja on Thursday, Wike said the move, though initially met with public resistance, has begun to yield positive fiscal…
Read More » -
FG to invest $220m in job creation for young Nigerians
By Kunle Sanni – The Federal Government has announced plans to invest $220 million in creating job opportunities for young Nigerians under the Nigeria Jubilee Fellows Programme (NJFP) 2.0 — a partnership with the European Union (EU) and the United Nations Development Programme (UNDP) aimed at equipping graduates with practical work experience, training, and mentorship. Vice President Kashim Shettima, who…
Read More » -
FG calls on UN to assist with long-term fund for internal displacement
The Federal Government has urged the United Nations to assist Nigeria in accessing long-term funding to address humanitarian challenges associated with internal displacement. Speaking during a roundtable on Humanitarian Development, Peacebuilding Approaches to Durable Solutions for Internally Displaced Persons in Abuja on Wednesday, the Minister for Budget and Economic Planning, Senator Abubakar Bagudu, urged the UN to assist the Federal…
Read More » -
Aviation Minister orders priority boarding for Nigerian military personnel
Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has directed all domestic airlines to prioritise serving military personnel during boarding, ahead of first and business class passengers. Keyamo made the announcement on Tuesday in Abuja during a stakeholder meeting on preparations for Nigeria’s aviation centenary celebration and the inaugural Nigerian International Air Show, scheduled to hold from December 2…
Read More » -
IMPI forecasts inflation rate to drop to 14% by year-end
The Independent Media and Policy Initiative (IMPI) has projected that Nigeria’s headline inflation rate will decline further to 14 percent by December 2025, following the recent moderation to 18.02 percent. In a statement signed by its Chairman, Dr. Omoniyi Akinsiju, the policy think tank said the projection reflects continued economic stability and the impact of government measures aimed at curbing…
Read More » -
NNPCL reports N216bn profit in September 2025
The Nigerian National Petroleum Company Limited (NNPCL) has reported profit after tax of N216 billion for September 2025, reflecting a solid financial performance across its operations. This was contained in NNPC Limited’s Monthly Report Summary – September 2025, released on Tuesday. From the report, the NNPCL declared N4.27 trillion revenue. According to the report, the results were driven by…
Read More » -
Above 151,000btps, NGX All-Share Index hits 52-week high
The Nigerian Exchange Limited (NGX) on Tuesday recorded a significant milestone as the All-Share Index (ASI) surged past the 151,000 basis points mark, pushing the total market capitalisation to N96.13 trillion. Specifically, the NGX All-Share Index gained 1,516.10 basis points,or 1.01 per cent to close at 151,456.91 basis points from 149,940.81 basis points. On this, the NGX ASI in its …
Read More » -
Tinubu building inclusive prosperity through enterprise-driven reforms – Shettima
By Kunle Sanni – Vice President Kashim Shettima has reiterated President Bola Tinubu’s commitment to building inclusive prosperity through enterprise-driven reforms aimed at empowering entrepreneurs and stimulating sustainable economic growth across Nigeria. Speaking on Tuesday at the launch of the 9th Expanded National Micro, Small and Medium Enterprises (MSME) Clinic in Katsina State, Shettima announced President Tinubu’s approval of a…
Read More »
Follow our WhatsApp Channel