Nigerians are calling on the government to stabilise the price and supply of Liquefied Petroleum Gas (LPG) after a sharp increase triggered by recent industrial unrest disrupted distribution nationwide. The price of cooking gas — a key household energy source for millions — surged from ₦1,100–₦1,200 per kilogramme to as high as ₦1,800, following a…
The Presidency has announced that Central Bank Governor, Mr. Olayemi Cardoso, will lead Nigeria’s delegation to the 2025 Annual Meetings of the World Bank and the International Monetary Fund (IMF) in Washington D.C., following the unavailability of the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun. In a statement issued on…
President of Masters Energy Group and former Minister of State for Mines and Steel Development, Dr. Uchechukwu Ogah, has called for pragmatic reforms and sustained policy consistency as crucial drivers of Nigeria’s energy transition and long-term sustainable growth. Ogah made the call at the 2025 NAEC International Energy Conference held in Lagos. The three-day event,…
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…
