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…
Ecobank Nigeria has upgraded its mobile App to deliver a faster, smarter, and more secure banking experience for customers nationwide. A statement by the bank’s media unit on Sunday said the upgrade underscores the bank’s commitment to leveraging technology to empower individuals and businesses with convenient access to financial services. According to the bank, the…
In a decisive step toward reshaping Nigeria’s economic diplomacy and global competitiveness, the National President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Engr. (Dr.) Jani Ibrahim, mni, OON, on Monday, September 30, 2025, in a high-level luncheon with the European Union Commission in Abuja. The engagement, attended by senior…
