14 articles tagged with “Nigeria economy”
President Bola Tinubu has ordered direct remittance of oil and gas proceeds to combat revenue leakages while claiming reduced public tension over subsidy removal, as Nigeria's central bank signals a cautious monetary easing to support sustainable growth.
Foreign capital inflows projected to reach $23.3 billion in 2025 as Nigeria strengthens investor protections, with mining sector deals backed by international treaty guarantees marking a strategic shift in economic policy.
Guinness Nigeria Plc's operating costs reached N500.33 billion during an 18-month period ending December 2025, representing 71% of revenue as inflationary pressures intensify margin compression for Nigeria's beverage sector.
Nigeria's external reserves and currency prospects strengthen as Brent crude trades $4.15 above the 2026 budget benchmark of $64.85 per barrel, while the Canadian dollar weakens to N994 in the official market.
Nigeria's Ondo State has initiated a strategic economic repositioning program targeting international capital, seeking to leverage natural resources and infrastructure improvements to attract foreign direct investment amid national fiscal pressures.
FCT Minister Nyesom Wike's inspection of Central Business District upgrades marks a deliberate effort to position Abuja as a competitive investment destination, as Nigeria's capital city pursues infrastructure modernization amid economic headwinds.
Economic activities are rebounding across southeastern Nigeria following the cancellation of sit-at-home orders, while agricultural development programmes in Kogi State demonstrate tangible improvements in tomato farming yields and farmer revenues.
Nigeria Sovereign Investment Authority aims to double assets under management to $6 billion while Lagos State positions its proposed Wealth Fund as a model for subnational investment structures.
The Lagos State Government's implementation of new tax regulations has positioned the construction and real estate sectors at a pivotal moment, with industry stakeholders assessing the implications for business operations and investment flows.
Business executives at the European Business Chamber Nigeria conference have identified weak investor protections and policy inconsistency as critical barriers to attracting foreign capital, calling for urgent institutional reforms.
As Nigerian states grapple with varying inflation pressures and UK manufacturers buckle under energy bills, the global cost-of-living crisis reveals itself as fundamentally an energy story—one that determines where people can afford to build their lives.
President Bola Tinubu reaffirmed commitment to ongoing economic reforms during an Adamawa State visit, as the federal government separately announced a new industrial policy targeting dormant factories and domestic manufacturing expansion.
January's unexpected drop in inflation to 15.10% has ignited speculation about monetary policy easing, though economists remain divided on whether the Central Bank of Nigeria should act swiftly or maintain its cautious stance.
European Bank for Reconstruction and Development President Odile Renaud-Basso travels to Nigeria for high-level discussions as BUA Group signs strategic MoU with Abu Dhabi firms for agro-industrial collaboration, marking intensified international financial partnerships across Africa's largest economy.