By OBIOMA TORI THE Bank Customers Association of Nigeria (BCAN) has called on the Central Bank of Nigeria (CBN) to sustain its ongoing monetary reforms to maintain the Naira’s recent recovery against the dollar. BCAN President, Dr. Uju Ogubunka, made the appeal in Lagos following the Naira’s appreciation to ₦1,455.17/$ at the official market on […]
By FIDELUS ZWANSON AS Nigeria prepares to roll out sweeping tax reforms in January 2026, expectations are high that President Bola Tinubu’s administration will finally deliver a system that is fairer, simpler, and more growth-driven. Yet, beneath the optimism lies a complex web of fiscal, administrative, and political challenges that could determine whether this ambitious […]
By ESTHER McWILLIS-IKHIDE THE World Bank says Nigeria’s economic reforms under President Bola Tinubu are delivering positive macroeconomic outcomes, though the benefits have yet to reach ordinary citizens. In its latest Nigeria Development Update (NDU) report titled “From Policy to People: Bringing the Reform Gains Home,” the Bank noted that Nigeria’s economy grew by 3.9% […]
By FIDELUS ZWANSON PRESIDENT Bola Ahmed Tinubu has acknowledged that Nigeria’s economic growth under his administration has yet to fully translate into sufficient job creation. Speaking at the 31st Nigerian Economic Summit in Abuja — represented by Vice President Kashim Shettima — the President said his government is prioritising agriculture and solid minerals to drive […]
By OBI DAVIES PRESIDENT Bola Ahmed Tinubu has asked the House of Representatives to approve plans to raise $2.347 billion from the international capital market to finance the 2025 budget deficit and refinance maturing Eurobonds. In a letter read by Speaker Tajudeen Abbas on Tuesday, Tinubu outlined that $1.23 billion would fund part of the […]
By FIDELUS ZWANSON NIGERIA needs to generate at least 27 million new formal jobs by 2030 to prevent an escalating unemployment crisis as its working-age population grows to 168 million, the Nigerian Economic Summit Group (NESG) has cautioned. In its new report, “From Hustle to Decent Work: Unlocking Jobs and Productivity for Economic Transformation in […]
By OBIOMA TORI The Securities and Exchange Commission (SEC) says Nigeria’s non-interest capital market has grown to ₦1.6 trillion. SEC Director-General, Emomotimi Agama, disclosed this in Abuja ahead of the 7th African International Conference on Islamic Finance (AICIF) slated for 4–5 November . He noted that Sukuk dominates the sector, with the last issuance oversubscribed […]
By MELVIN KOFFA ACROSS Nigeria, governors are facing growing public anger and scrutiny — not because of a lack of funds, but because of what analysts describe as a lack of vision, accountability, and willpower to translate the ongoing revenue windfall into real progress. Over the past year, allocations to states from the Federation Account […]
By STELLA JOHNSON OGBOVOVEH WHEN the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, announced that commercial sex workers — popularly called “runs girls” — would be taxed under Nigeria’s new fiscal regime taking effect in January 2026, it sounded like satire. But it wasn’t. “If somebody is doing runs […]
By OBI DAVIES AT Nigeria’s 65th Independence anniversary, economic experts warned the Federal Government against policies that worsen poverty and slow growth. Former CBN research director Chris Nemedia said low productivity, poor infrastructure, and lack of an enabling environment continue to stifle private sector–driven growth. He urged urgent investment in roads through private equity financing […]