Economy

The Nigerian Economic Summit Group (NESG) has flagged the country’s infrastructure gap as a major obstacle to economic growth, warning that it hampers productivity and deters investment. The concern comes ahead of the 31st Nigerian Economic Summit (NES #31), scheduled for October

Finance Minister and Coordinating Minister of the Economy, Wale Edun, met on Tuesday with Central Bank Governor Olayemi Cardoso and FIRS Chairman Dr. Zacch Adedeji to align fiscal and monetary policies. The high-level meeting, held at the CBN headquarters in Abuja, focused

Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola, has announced plans to replicate the Lekki Deep Seaport model across the country’s maritime sector, describing it as a benchmark for growth and transformation. Speaking at the Nigerian Chamber of Shipping Breakfast Meeting

AFG Aviation Ireland Limited, a global leader in aircraft leasing and asset management, has finalized the lease of two Bombardier CRJ1000 regional jets to Cally Air, the Cross River State backed airline in Nigeria. The aircraft, bearing Manufacturer Serial Numbers 19004 and

MTN Nigeria Communications Plc has announced that its Chief Executive Officer, Karl Toriola, will take on an expanded role within the MTN Group as Vice President for Francophone Africa, while retaining his position as CEO of Nigeria’s largest telecoms operator. In a

Nigeria’s fiscal and monetary authorities have pledged closer collaboration to strengthen economic stability and boost investor confidence. This followed a strategic meeting on Tuesday at the Central Bank of Nigeria (CBN) headquarters in Abuja, attended by the Minister of Finance and Coordinating

Petroleum marketers in Eleme, Rivers State, have criticised the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, for failing to visit the Port Harcourt refinery during his recent trip to the Nigeria Liquefied Natural Gas facility in

Nigeria’s manufacturing sector is increasingly turning to local raw materials as the country’s currency crisis reshapes industrial supply chains. A new Financial Times report on Sunday revealed that the volatility in the foreign exchange market—triggered by the Central Bank’s decision to float

The Centre for the Promotion of Private Enterprise (CPPE) has cautioned that persistent increases in food prices and month-on-month inflation continue to expose structural weaknesses in Nigeria’s economy, despite a steady decline in headline inflation. CPPE’s Director/CEO, Dr. Muda Yusuf, reacting to