Economy
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Nigeria’s economy set for higher growth in 2026, says IMPI
Nigeria’s new economic model under President Bola Tinubu is expected to drive stronger economic growth from 2026, with the country’s Gross Domestic Product (GDP) projected to rise significantly, the Independent Media and Policy Initiative (IMPI) has said. In a policy statement signed by its Chairman, Dr Omoniyi Akinsiju, the policy group projected that Nigeria’s economy would grow by 5.5 per…
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FG’s ₦501bn power sector bond records full subscription
The Federal Government has recorded a 100 per cent subscription of its ₦501 billion inaugural bond under the Presidential Power Sector Debt Reduction Programme (PPSDRP), aimed at clearing legacy debts and restoring liquidity in Nigeria’s electricity sector. The bond was issued by NBET Finance Company Plc as Series 1 of the Power Sector Bond Programme. The Series 1 bond raised…
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Tuggar, Turkish foreign minister hold talks on trade, security cooperation
By Kunle Sanni – Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, has held bilateral talks with his Turkish counterpart, Hakan Fidan, in Ankara, focusing on expanding trade, investment and security cooperation between both countries. The meeting took place on Monday, hours ahead of President Bola Ahmed Tinubu’s arrival in Turkey for a state visit. It marked Tuggar’s first official visit…
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Shettima launches empowerment fun for women, youth, children at ASIS Summit
By Kunle Sanni – Vice President Kashim Shettima is set to launch a new learning and empowerment fund aimed at unlocking the potential of Nigerian children, women and youth as Nigeria co-hosts the Africa Social Impact Summit (ASIS) 2026 High-Level Policy Engagement in Abuja. The launch is scheduled for Wednesday, 28 January 2026, at the State House Conference Centre, Abuja.…
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Dogara defends Tinubu, says economic reforms will yield results
Former Speaker of the House of Representatives, Yakubu Dogara, has expressed optimism about Nigeria’s current trajectory, insisting the country is moving in the right direction even if many citizens have yet to feel the impact of government policies. Speaking on Channels TV’s Sunday Politics, Dogara defended President Bola Tinubu’s leadership and emphasised the importance of continuity in governance. He noted…
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Tinubu’s leadership encouraged Shell’s planned $20bn energy investment — CEO
By Kunle Sanni – The Chief Executive Officer of Shell Plc, Wael Sawan, has said President Bola Tinubu’s leadership and vision have played a decisive role in creating an investment climate that has encouraged the global energy company to commit up to $20 billion in potential new investments in Nigeria. According to a statement by Bayo Onanuga, spokesperson to President…
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Nigeria’s budgets must be harmonised across fiscal years, says Rewane
The Chief Executive Officer of Financial Derivatives Company, Bismarck Rewane, has expressed the need for Nigeria budget to be harmonised across fiscal years, stressing that the 2025 budget, supplementary budget and the 2026 budget should be aligned and adjusted to deal with reality rather than overly optimistic assumptions. Rewane stated this on Saturday in Lagos while speaking at the RCCG…
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NDIC, EFCC to further strengthen collaboration to recover failed banks assets, debts
The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to strengthening collaboration with the Economic and Financial Crimes Commission (EFCC) to enhance the recovery of failed banks’ assets and debts as well as the investigation and prosecution of persons who contribute to the failure of banks. Nigeria Deposit Insurance Corporation (NDIC) delegation led by the MD/CE NDIC Mr.Thompson Oludare…
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Shettima returns to Abuja, says Nigeria back on global economic frontline
By Kunle Sanni – Vice President Kashim Shettima has returned to Abuja after a week-long diplomatic and economic engagement in Guinea-Conakry and Switzerland, declaring that Nigeria has regained a prominent position in global and regional economic discussions. The Vice President arrived at Nnamdi Azikiwe International Airport on Saturday after representing President Bola Ahmed Tinubu at the inauguration of Guinea’s President,…
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Global trade has experienced most severe disruption in 80 years, says Okonjo-Iweala
The Director-general (DG) of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala has acknowledged that global trade has experienced its most severe disruption in 80 years, with multilateral trade rules weakened by geopolitical tensions and unilateral actions. Okonjo-Iweala spoke on Friday during a panel session on the global economic outlook at the 2026 World Economic Forum (WEF) in Davos, Switzerland. According…
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