A delegation of Qatari investors has pledged $300 billion in new investments for Nigeria, a move hailed by business leaders as a strong endorsement of President Bola Tinubu’s reform-driven economic agenda. The commitment was announced during a high-level business reception in Lagos on Saturday, attended by members of Future Union Group, Qatar, led by Sheikh…
Vice-President Kashim Shettima has declared that Nigeria has exited its phase of economic instability, assuring investors that “the most auspicious and convenient time to choose Nigeria as an investment destination is now.” Shettima stated this on Wednesday while declaring open the 2025 Bauchi State Investment Summit, in a speech delivered through his spokesperson, Stanley Nkwocha….
The International Monetary Fund (IMF) has warned that the full impact of U.S. tariff policies will only become evident over time, with potential consequences for inflation, monetary policy, and global growth. IMF Managing Director, Kristalina Georgieva, told reporters on Wednesday that American companies could pass higher import costs to consumers, fuelling inflation. She cautioned that…
President Bola Tinubu has declared that there is no better time to invest in Nigeria than now, citing recent economic gains. Tinubu made the call on Wednesday at the maiden Bauchi Investment Summit, themed “Revealing a Resilient Economy: Optimising Investment Partnerships.” The summit was organised by the Bauchi State Government to showcase its investment potentials….
Former Nigerian President Olusegun Obasanjo has said the country’s economic future depends on attracting robust investment from both domestic and international sources. He made the call on Wednesday in Bauchi at the commissioning of the International Conference Centre (ICC), a landmark project initiated by Governor Bala Mohammed. The facility, named after Northern Nigeria’s first Premier,…
First Bank of Nigeria says it is deliberately targeting financing for small and mid-sized enterprises as part of efforts to strengthen Nigeria’s economy and foster inclusive growth. At the 31st Nigeria Economic Summit in Abuja, Managing Director Olusegun Alebiosu said the bank was focused on using digital solutions and tailored financial products to drive the…
Nigeria’s electricity distributors increased their revenue collection efficiency in the second quarter of 2025, raising ₦564.71 billion out of ₦742.34 billion billed to customers, the country’s regulator has said. Figures released by the Nigerian Electricity Regulatory Commission (NERC) show efficiency improved to 76.07 per cent, up from 74.39 per cent recorded in Q1. The modest…
President Bola Tinubu has refused assent to two major bills passed by Nigeria’s parliament, underscoring concerns over governance, fiscal accountability and policy coherence. The bills — to establish the Nigerian Institute of Transport Technology and amend the National Library Trust Fund — were returned to the National Assembly with detailed objections. Tinubu warned that the…
Nigeria’s Vice President Kashim Shettima has praised Shell for its sustained investments in the country, describing them as crucial to economic growth and energy security. At the Nigerian Economic Summit in Abuja, Shettima, standing in for President Bola Tinubu, commended the contributions of Shell Nigeria Exploration and Production Company, Shell Nigeria Gas, as well as…
The Nigerian government says it is determined to transform the country into a refining hub for West Africa as part of a wider strategy to secure energy independence and add value to every barrel of crude oil it produces. Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, speaking through his technical adviser at the…
