Governor Biodun Oyebanji of Ekiti State has reaffirmed his administration’s commitment to partnering with legitimate investors and has highlighted the institutional framework in place to guarantee a seamless, pro-business environment within the state. The governor made this declaration yesterday in Ado Ekiti while hosting a delegation from the British High Commission led by the Deputy High Commissioner, Lagos, Jonny Baxter. He stressed that the state is actively pursuing credible partnerships…

The Nigerian Exchange Limited (NGX) reached a historic milestone on Tuesday as the All-Share Index surged to 151,456.91 basis points, driven by gains in top-performing firms including SCOA Nigeria, Omatek, Consolidated Hallmark Holdings, BUA Foods, and others. The continued bullish run in the equities market led to an investor gain of ₦963 billion, pushing market capitalisation from ₦95.171 trillion to an all-time high of ₦96.134 trillion — a 0.01% increase.…

Vice President Kashim Shettima has reinforced the President Bola Tinubu administration’s commitment to fostering inclusive prosperity through enterprise-driven reforms. He made the declaration yesterday while launching the 9th Expanded National MSME Clinic in Katsina State. Shettima announced that Tinubu has approved an unconditional N250,000 grant for each outstanding Micro, Small, and Medium Enterprise (MSME) exhibiting at the clinic. READ ALSO: Shettima: Nigeria’s energy transition to unlock $410bn investments by 2060 He…

Nigeria’s federal government has unveiled a new campaign to promote locally made goods and services under its ‘Nigeria First’ policy. President Bola Tinubu said the initiative will revitalise the country’s manufacturing sector and reduce its long-standing dependence on imports. Announcing the initiative at the Adeola Odutola Lecture organised by the Manufacturers Association of Nigeria (MAN), President Tinubu, represented by John Enoh, Minister of State for Industry, Trade and Investment, said the…

The International Monetary Fund has upgraded Nigeria’s economic growth forecast to 3.9 per cent, signalling renewed optimism for Africa’s largest economy following a turbulent period of reform and inflation. The latest projection, released during the IMF–World Bank Annual Meetings in Washington, D.C., marks an improvement on the Fund’s earlier forecast of 3.0 per cent. It follows a series of upward revisions over the past year, including an October 2024 estimate…

Nigeria’s population is projected to surge to 367.5 million by the year 2050, an increase of nearly 130 million people, according to World Bank President Ajay Banga. Also, 1.2 Billion youth to compete for 400 million Jobs in the next 15 Years. The World Bank chief issued the forecast during the 2025 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group, warning that without urgent structural…

Governor Biodun Oyebanji of Ekiti State has expressed satisfaction with the economic turnaround and progress achieved in the state since he took office on October 16, 2022. He said this while delivering his annual state of the state address during a special plenary session at the state House of Assembly in Ado-Ekiti to mark his administration’s third anniversary. Oyebanji stated that the state has experienced rapid economic growth and a…

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has asserted that the future growth, commercial viability, and long-term endurance of Nigeria’s downstream petroleum sector are intrinsically linked to the formation of strategic partnerships. The company’s position was communicated by the Group Chief Executive Officer (GCEO), Bayo Ojulari, in an address delivered at the 2025 Inaugural Annual Downstream Petroleum Week yesterday. Ojulari, whose remarks were presented by the Executive Vice President,…

Britain is set to endure the weakest growth in living standards of any major Western economy, the International Monetary Fund (IMF) has warned, as stubbornly high inflation and a slowing economy weigh heavily on household incomes. In its latest World Economic Outlook, the IMF forecast that UK growth per person, a key measure of living standards  would rise by just 0.5 per cent in 2026, compared with 1.8 per cent…

Vice President Kashim Shettima has announced that Nigeria’s energy transition strategy under President Bola Tinubu is expected to unlock investment opportunities exceeding $410 billion between now and 2060. This, he said, will position the nation as a leader in Africa’s renewable energy sector. Speaking at the inaugural Nigerian Renewable Energy Innovation Forum (NREIF) 2025 in Abuja on Tuesday, Shettima stated that over $23 billion of this investment is necessary to…

The Federal Competition and Consumer Protection Commission (FCCPC) has thrown its weight behind the Central Bank of Nigeria’s (CBN) draft guidelines that mandate banks to refund customers for failed Automated Teller Machine (ATM) transactions within 48 hours. Ondaje Ijagwu, FCCPC Director of Corporate Affairs said the consumer protection agency welcomed the proposal, describing it as a major step toward resolving a persistent source of public frustration within the financial sector.…

President Bola Ahmed Tinubu has issued a stern warning to marginal oil field licence holders who lack the capacity to operate, urging them to leave the sector rather than waste valuable time and resources. The President made this declaration on Wednesday during the commissioning of Green Energy International Limited’s (GEIL) $400 million crude oil export terminal in Otakikpo, Rivers State. Tinubu was represented at the event by the Minister of…