Billionaire businessman, Femi Otedola, has commended the efforts of the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and his Budget and Economic Planning counterpart, Atiku Bagudu, in fixing the Nigerian economy. Otedola, in a post on…
Data from the Central Bank of Nigeria (CBN) shows that the naira maintained relative stability from May 23 to May 30, fluctuating between ₦1,579/$1 and ₦1,592 This contrasts with the currency’s performance in the first week of May, when it…
The Minister of Works, Dave Umahi, has stated that the Federal Government did not destroy any property belonging to Landmark Africa during the construction of the Lagos-Calabar Coastal Highway. The minister disclosed this during the inauguration of the Lagos-Calabar Coastal…
President Bola Tinubu has issued a new Executive Order to lower project costs, attract more investors, and enhance revenues from operations in the oil sector. The document, which was made public by the office of the Special Adviser to the…
Credit ratings agency Moody’s upgraded Nigeria’s rating to “B3” from “Caa1” on Friday. The agency cited significant improvements in the country’s external and fiscal positions, according to a Reuters report. According to Moody’s, inflationary risks in Nigeria, driven by policy…
President Bola Ahmed Tinubu has reaffirmed Nigeria’s commitment to cultural revival, economic advancement, and global engagement. In his address on Thursday, marking the second anniversary of his administration, President Tinubu said that the Motherland 2025 Festival, billed for December, aims…
After a decade of impact as the president of the African Development Bank (AfDB), Nigeria’s pride, Akinwumi Adesina, will take a bow, leaving a trail of legacies captured in his five priorities to light up, feed, industrialise, integrate, and improve…
Mauritania’s former Economy Minister Sidi Ould Tah was on Thursday elected to succeed Nigeria’s Akinwumi Adesina as president of the African Development Bank (AfDB) and tackle the withdrawal of US financing from the institution. In 2015, Adesina took six rounds…
In a letter that has since stirred fresh debates across the nation, President Bola Ahmed Tinubu submitted a new loan request to the National Assembly. The request, seeking appropriation for billions of dollars in loans to finance important infrastructure and…
Through its funding of over 21,000 entrepreneurs across Africa, the Tony Elumelu Foundation (TEF) Entrepreneurship Programme has created 1.5 million jobs in Africa over a decade from 2015 to 2025. According to the TEF, 2.1 million Africans were lifted from…
The Securities and Exchange Commission (SEC) has issued a public notice cautioning investors against engaging with Silverkuun Investment Cooperative Society, stating that the entity is not registered to operate in any capacity within the Nigerian capital market. According to the…
President Tinubu establishes National Credit Guarantee Company (NCGC) with N100 billion initial capital, appoints former Speaker of the House of Representatives, Rt. Hon. Yakubu Dogara, as Chairman of the NCGC Board The new institution, backed by an initial capital of…
: PRESIDENT BOLA TINUBU’S STATEMENT ON THE SECOND ANNIVERSARY OF HIS ADMINISTRATION ON MAY 29, 2025 Fellow Nigerians, as we mark the second anniversary of our administration, I salute your resilience and undaunted spirit. Two years ago, you entrusted me…
The National Assembly has received a formal request from President Bola Tinubu seeking approval for a $21.5 billion external loan and a ₦758 billion domestic bond to settle outstanding pension liabilities. The request, aimed at financing critical projects across various…
A Lagos State Special Offences Court sitting in Ikeja has convicted and sentenced Mamman Nasir Ali, the son of former Peoples Democratic Party national chairman, Ahmadu Ali, and a Sierra Leonean, Christian Taylor, to 14 years imprisonment each over a…