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Central Bank of Nigeria Governor Olayemi Cardoso and World Trade Organisation Director-General Ngozi Okonjo-Iweala will lead high-level discussions on structural reforms at the seventh Africa Emerging Markets Forum in Abuja. Hosted at the apex bank’s headquarters this week, the summit brings together finance ministers, central bank governors, and development partners from across the continent. The…
The World Bank has approved a fresh $1.25bn loan for Nigeria under its Nigeria Actions for Investment and Jobs Acceleration programme, pressing ahead with the facility despite months of public unease over the country’s swelling debt profile and repeated calls for the Federal Government to curb external borrowing. The approval was announced in a…
Nigerian manufacturers spent N1.34 trillion on alternative energy sources in 2025 to keep their factories running. This expenditure represents a 71.4 percent surge from the N781.68 billion recorded in 2023. The Manufacturers Association of Nigeria disclosed these figures in a comprehensive evaluation of recent state reforms. The data shows that the industrial sector is paying…
President Bola Tinubu announced yesterday that the difficult period of his administration’s economic reforms has ended. In his Eid-el-Kabir message, the president declared that the nation has completed its walk through a dark tunnel. He claimed that three years of public sacrifice have stabilized the economy. The president now positions the country as a preferred…
S&P Global Ratings raised Nigeria’s long-term sovereign credit rating to ‘B’ from ‘B-‘, citing three years of sustained structural adjustments. The American ratings agency affirmed the short-term outlook as stable. This decision follows similar upward revisions by Fitch Ratings and Moody’s Investors Service, signaling a broader recovery of international confidence in the management of the…
The Federal Government is in advanced discussions with the World Bank over a proposed $1.25 billion loan facility aimed at accelerating economic reforms, expanding job opportunities, and strengthening business competitiveness across the country. According to documents obtained by Channels Television, the proposed facility is tied to a programme titled Nigeria Actions for Investment and Jobs…
Former Vice President Atiku Abubakar has launched a sharp critique of President Bola Tinubu’s economic policies, accusing the administration of presiding over what he described as “privatisation without accountability” while ordinary Nigerians endure worsening living conditions. In a statement issued Friday by his Senior Special Assistant on Public Communication, Phrank Shaibu, the African Democratic…
Nigeria’s federal government is preparing to sell select state-owned assets to private investors starting in 2026, according to Wale Edun, the Minister of Finance and Coordinating Minister of the Economy. Speaking during the AlUla Conference for Emerging Market Economies in Saudi Arabia on Monday, Edun confirmed that discussions are ongoing regarding which public assets…
