Tinubu launches National Credit Guarantee Company with ₦100bn, appoints Dogara as chair
President Bola Tinubu has officially launched the National Credit Guarantee Company (NCGC) with an initial capital of N100 billion, aiming to transform access to finance for micro, small, and medium…
Financial Times: Nigeria’s ‘shock therapy’ economic reforms signal recovery
Two years into the presidency of Bola Ahmed Tinubu, Nigeria is showing early signs of economic recovery after years of stagnation, mismanagement, and insecurity. Though the majority of Nigerians are…
Customs records ₦1.3trn revenue in Q1 2025 amid Tinubu’s reforms
The Nigeria Customs Service (NCS) has achieved a remarkable revenue collection of ₦1.3 trillion in the first quarter of 2025, more than double the ₦600 billion collected during the same…
Otedola sets ambitious investment goals for First HoldCo, eyes ₦320bn boost, lauds Tinubu’s reforms
Femi Otedola, chairman of First HoldCo Plc, announced that his investment in the financial institution is set to reach N320 billion in cash by the upcoming capital raising round. He…
Nigeria’s digital economy booms with $191m FDI, $2bn fibre rollout set for Q4 2025
Nigeria’s digital economy is experiencing unprecedented growth under President Bola Ahmed Tinubu, with foreign direct investment (FDI) in the Communications and Digital Economy sector surging ninefold in the first quarter…
China to establish electric vehicle factories in Nigeria, deepen mining sector ties
In a bid to bolster Nigeria’s economic diversification agenda and strengthen bilateral relations, China has announced plans to establish electric vehicle (EV) factories in Nigeria, capitalizing on the country's rich…
DBN to boost financing to ₦1.3trn, create two million jobs in five years
The Development Bank of Nigeria (DBN) has set an ambitious goal to increase its debt and equity capital financing to N1.3 trillion over the next five years. During a media…
BUA chairman Rabiu vows to lower rice prices despite hoarding concerns
Abdul Samad Rabiu, the chairman of BUA Group, has pledged to significantly reduce rice prices in Nigeria, cautioning that individuals or companies hoarding the commodity will face financial losses. His…
Bold economic reforms drive Nigeria’s growth and investor confidence – Bagudu
Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, states that Nigeria's economy is undergoing a profound transformation, propelled by bold reforms, enhanced coordination, and a renewed focus on…
Petrobras eyes return to Nigeria’s oil sector as economic reforms gain momentum, Says VP Shettima
Vice-President Kashim Shettima has announced that Petrobras, Brazil’s state oil company, is seeking to re-enter Nigeria’s oil sector, specifically targeting frontier deepwater acreage. In a statement released on Wednesday, Shettima…
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