Economy
-
Atiku rejects FG’s 30-day fuel discount, labels it publicity stunt
Former Vice President Atiku Abubakar has rejected the Federal Government’s proposed 30-day petrol discount at NNPC stations, describing it as a temporary measure that cannot address the hardship caused by high fuel prices. Atiku’s position was contained in a statement issued on Thursday by Phrank Shaibu, director of Strategic Communication of the ADC Presidential Campaign Council. The Federal Government had…
Read More » -
BREAKING: FG announces petrol discount at NNPC stations for 30 days
The Federal Government has announced plans to sell petrol at discounted prices at NNPC filling stations across the country for the next 30 days. Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this at a press conference in Abuja on Thursday. Oyedele said the discount would prioritise public transport operators as part of measures to reduce…
Read More » -
Atiku’s fuel subsidy model may cause N12bn daily revenue loss — IMPI
The Independent Media and Policy Initiative (IMPI) has said the proposal by the African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, to restore fuel subsidy could cost Nigeria at least N12 billion in daily revenue losses. In a policy statement signed by its chairman, Dr Omoniyi Akinsiju, the policy research group said the revenue loss under Atiku’s proposed production-side subsidy…
Read More » -
Economic reform gains must improve productivity, citizens’ livelihoods, says NESG
Nigeria must move beyond economic stabilisation and ensure that ongoing reforms translate into productive investment, higher productivity, jobs and improved incomes, the Nigerian Economic Summit Group (NESG) has said. The Chief Executive Officer of the NESG, Tayo Adeloju, said this on Wednesday in Abuja ahead of the 32nd Nigerian Economic Summit, scheduled for October 26 and 27 at the Transcorp…
Read More » -
AU launches African Credit Rating Agency
The African Union (AU) has officially unveiled the African Credit Rating Agency (AfCRA), an initiative approved by the AU in 2017, in a bid to tell “Africa’s own economic story.” The agency was launched on Wednesday and broadcast live on X by the African Peer Review Mechanism (APRM), an organ of the AU that coordinated the operationalisation of AfCRA. The…
Read More » -
FG to expand gas supply for power, industries
The federal government says it will expand gas supply for power generation, industries and clean cooking as part of efforts to reduce Nigeria’s dependence on oil revenue and support economic diversification. President Bola Tinubu disclosed this on Tuesday in Abuja at the fifth anniversary of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), where he was represented by Vice-President Kashim Shettima.…
Read More » -
CANEX 2026 will drive investments, jobs, partnerships beyond showcase – Musawa
The federal government says the 2026 Creative Africa Nexus (CANEX WKND) will go beyond showcasing Nigeria’s creative talent to generate investments, create jobs and facilitate business partnerships. The Minister of Art, Culture, Tourism and the Creative Economy, Hannatu Musa Musawa, stated this at a joint ministerial briefing on Nigeria’s preparations to host the event at the ITF Skills House, Maitama,…
Read More » -
Bloomberg: Nigeria climbs four places on African investment risk ranking
A report by Bloomberg has revealed that Nigeria climbed four places to eighth and has overtaken Rwanda, Tanzania, Kenya and Namibia in the 19 African economies assessed for relative investment risk. The increase by Bloomberg Economics makes Nigeria one of the biggest improvements in the 2026 Bloomberg Economics Investment Risk-O-Meter. The four-place rise reflected improvements in three of the five…
Read More » -
World Bank raises Nigeria’s 2026 growth forecast to 4.3%
The World Bank has raised Nigeria’s 2026 economic growth forecast to 4.3 per cent from 4.0per cent in 2025, with growth projected to reach 4.4per cent annually in 2027 and 2028. The projection was contained in the World Bank’s October 2026 Africa Economic Update obtained by Nairametrics on Tuesday. The lender attributed the stronger outlook to improving macroeconomic stability, strengthening…
Read More » -
H1 2026: Fidelity Bank awaits CBN’s approval
Fidelity Bank Plc on Tuesday said it awaits the Central Bank of Nigeria (CBN) half year (H1) ended June 30, 2026 audited result and accounts approval. The Company Secretary, Fidelity Bank, Ezinwa Unuigboje in a signed statement to shareholders, Nigerian Exchange Limited (NGX), and other stakeholders stated that the bourse has approved a further extension of time for publication of…
Read More »
Follow our WhatsApp Channel