FG Settles N333bn Debt Owed to Power Firms

FG Woos Private Capital for $1trn Target

The federal government has called for an aggressive influx of development finance and private capital to achieve its ambitious $1 trillion economic target. Vice-President Kashim Shettima made the appeal during a high-level financial summit in Abuja on Thursday. The administration argues that public revenue alone cannot fund the massive infrastructure deficit blocking national growth. Officials…

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Agric Growth Nearly Doubles in Q2 Amid Insecurity -NBS

Foreign Investment in Manufacturing Crashes by 50% – NBS

Foreign capital flows into Nigeria’s manufacturing sector plummeted by 50.7 per cent quarter-on-quarter to 152.27 million dollars in the first quarter of 2026. The latest Capital Importation Report from the National Bureau of Statistics reveals a severe cooling of investor appetite for domestic industrial production. This sharp drop from the 308.93 million dollars recorded in…

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Regulator Imposes N100 Million Foreign Exchange Fines

Capital Importation Surges to $3.37bn – CBN

Foreign capital importation into Nigeria jumped by 182 per cent month-on-month to reach $3.37bn in January. The Central Bank of Nigeria disclosed the sharp increase in its latest monthly economic report, contrasting the data with the $1.25bn recorded last December. Aggressive monetary tightening and attractive local yields motivated the sudden influx of international cash. However,…

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Opposition Splits Over Single Candidate to Challenge Tinubu

Obi Faults President’s Foreign Travel, Demands Economic Dividends

Former presidential candidate Peter Obi criticized the economic value of recent foreign state visits by Nigerian leaders, arguing that international diplomacy must yield measurable benefits for local citizens. Speaking following President Bola Tinubu’s three-nation tour, the former Labour Party standard-bearer asserted that foreign travel should not serve as tourism or a fashion parade for government…

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Private Sector Credit Hits N83.43 Trillion Record - CBN

Foreign Investors Fund 28% of Bank Recapitalisation

The global appetite for Nigerian bank stocks is returning. The Central Bank of Nigeria (CBN) has revealed that offshore sources provided 28% of the total funds raised in the ongoing bank recapitalisation exercise. Hakama Sidi-Ali, the CBN’s Acting Director of Corporate Communications, shared these figures on Friday at the Enugu International Trade Fair. She argued…

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