By FIDELUS ZWANSON THE Nigerian stock market ended its 12-day winning streak on Tuesday, recording a modest loss as investors booked profits. Market capitalisation fell by ₦4 billion to ₦93.756 trillion, while the All-Share Index slipped by 6.27 points to 147,710.96. The downturn was driven by selloffs in Austin Laz, Deap Capital, Fidson, Caverton, and […]
By OBI DAVIES CENTRAL Bank of Nigeria (CBN) Governor, Yemi Cardoso, says Nigeria has strengthened its economic resilience and created buffers against potential shocks through timely reforms. Speaking at a G24 media briefing in Washington during the IMF/World Bank Annual Meetings, Cardoso said Nigeria’s proactive policies had stabilized expectations and improved external balance. He noted […]
By FIDELUS ZWANSON NIGERIA’S September inflation rate is projected to ease to 18.8%, down from 20.1% in August, signaling a possible turning point in the country’s fight against rising prices. The moderation, driven by lower food costs and a stronger naira, could pave the way for another interest rate cut by the Central Bank of […]
By OBI DAVIES NIGERIA’S debt clock is ticking faster than ever. With total public debt surging to ₦152.40 trillion as of June 2025—an 11.6% year-on-year increase—the country finds itself deeper in a fiscal hole, balancing precariously between reform ambitions and financial dependence. The latest data from the Debt Management Office (DMO) paints a sobering picture: […]
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 […]