Economy
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Akume charges NUPRC, NALDA boards on governance, accountability
The Secretary to the Government of the Federation (SGF), George Akume, has called on the newly inaugurated boards of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the National Agricultural Land Development Authority (NALDA) to uphold accountability, transparency, and effective service delivery in line with the Federal Government’s reform agenda. Akume gave the charge on Tuesday in Abuja during the…
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Tinubu’s reforms boosting revenue in real sector, say policy group IMPI
The Independent Media and Policy Initiative (IMPI), a policy think tank, has said that economic reforms introduced by President Bola Ahmed Tinubu are driving stronger revenue performance in Nigeria’s real sector. In a policy brief signed by its Chairman, Dr. Omoniyi Akinsiju, the group stated that companies in the productive sector have adjusted to the new policy environment, recording improved…
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Women’s empowerment is critical to Nigeria’s economic growth, says Bagudu
Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has made a strong case for women’s empowerment, arguing that it’s critical to Nigeria’s economic growth. Delivering his keynote address at the World Bank Group’s Women Empowerment Policy and Jobs Forum in Abuja on Tuesday, the minister emphasised the critical role of women in driving the country’s economic growth, saying they…
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IWD 2026: FG rolls out financing, procurement reforms to boost women-owned businesses
The Federal Government has outlined policies and financial market reforms aimed at tackling the persistent barriers facing women-owned businesses, particularly limited access to credit, markets, and long-term capital. Speaking at the grand finale of the “Give to Gain” Summit in Abuja to mark the 2026 International Women’s Month, Monday, the Minister of Women Affairs and Social Development, Hajiya Imaan Sulaiman-Ibrahim,…
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UBA delivers core income growth in Q1 2026
United Bank for Africa Plc (UBA) has released its unaudited financial results for the first quarter (Q1) ended March 31, 2026, demonstrating resilient operating performance and continued balance sheet strength despite a moderated profitability environment. Gross earnings increased by five per cent to N801.5 billion, driven by growth across key revenue lines. Interest income also rose 6.9per cent to N641.1…
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Equities market gains N5.51trn WoW to sustain positive momentum
The equities market section of the Nigerian Exchange Limited (NGX) closed last week on a strong footing, advanced by N5.51 trillion to sustain its positive run as gains in key large- and mid-cap stocks continued to lift overall market performance. The benchmark NGX All-Share Index (ASI) advanced by 3.96 per cent week-on-week to close at 225,724.33 points, while the market…
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FG moves to regulate AI, boost digital economy framework
The Federal Government has intensified work on an e-governance and digital economy bill aimed at strengthening regulatory frameworks for emerging technologies and boosting public sector innovation. Speaking at the Global Partnership for Human-Centric ICT Standardisation (GIST) Nigeria Introductory Stakeholder Workshop in Abuja, the Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, who represented the Minister of Communications,…
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Darma vows rapid housing reforms, says Nigerians ‘will see changes in no time’
Newly sworn-in Minister of Housing and Urban Development, Darma, has pledged swift reforms to tackle the country’s housing deficit, declaring that Nigerians would begin to see visible changes “in no time.” Speaking shortly after taking the oath of office at the State House on Friday, Darma described his appointment as a major responsibility and promised to deliver results through innovation,…
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Oyedele assumes office, unveils economic reform agenda
Newly appointed Minister of Finance and Coordinating Minister of the Economy, Oyedele Taiwo has officially assumed office, following a formal handover ceremony from former minister, Wale Edun. In his first statement on Friday after taking office, the minister expressed appreciation to his predecessor, saying, “I sincerely appreciate him for his service to our country and the foundation he has laid.”…
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Insurance sector’s total assets rise to N4.78trn in 2025
The Nigerian insurance industry has seen a rise in total assets, reaching N4.78 trillion by the fourth quarter of 2025. This is according to the latest Insurance Market Performance report from the National Insurance Commission (NAICOM). This growth, representing a 7.4per cent increase from N4.46 trillion in the previous quarter, is largely driven by the Oil & Gas sector within…
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