The Group Managing Director of NNPC Ltd., Mr Bayo Ojulari, has reaffirmed the company’s commitment to strengthening partnerships, building indigenous capacity, and promoting gas as a key driver of Africa’s industrialisation. Ojulari gave the assurance on Tuesday in Lagos at the 10th Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC 2026). The conference, with the…
The Federal Government has commended the Corporate Affairs Commission (CAC) for continuing to drive private sector growth and boost investors’ confidence through sustained reforms and digital transformation. The Permanent Secretary, Ministry of Industry, Trade and Investment, Amb. Nura Rimi, said this at the 35th anniversary celebration of the CAC in Abuja on Monday. Rimi said…
Governor Babajide Sanwo-Olu on Tuesday presented a N4.24 trillion budget proposal for 2026 to the Lagos State House of Assembly, describing it as a transformative plan for inclusive growth. Tagging it “The Budget of Shared Prosperity,” the governor said it would build on the 2025 Budget of Sustainability and advance the state’s long-term development trajectory….
The Bank of Industry (BoI) has called on Nigerian MSMEs to adopt Environmental, Social and Governance (ESG) practices to enhance competitiveness, growth, and resilience in the global economy. Speaking at the BoI inaugural ESG Conference in Lagos, which also launched the ESG Adoption by Nigerian MSMEs report, BoI Managing Director Dr Olasupo Olusi emphasised that…
Cross River State Governor Bassey Otu presented the state’s ₦780.6 billion 2026 budget, themed “Budget of Inclusive Growth,” to the State House of Assembly on Tuesday. Governor Otu said the budget reflects his People First philosophy and a commitment to the sustainable development and prosperity of Cross River. The plan, developed following consultations with civil…
The Petroleum Training Institute (PTI) has called for the expedited inauguration of the Africa Energy Bank (AEB) to improve access to affordable energy financing and drive sustainable development across the continent. Dr. Samuel Onoji, Principal and Chief Executive of PTI, made the call on Wednesday in Abuja at the opening ceremony of the 4th Biennial…
The International Monetary Fund (IMF) has forecast a slowdown in global economic growth from 3.3% in 2024 to 3.2% in 2025 and 3.1% in 2026, warning that rising protectionism and policy uncertainty could weigh on recovery. Presenting the IMF’s October World Economic Outlook in Washington on Tuesday, Tobias Adrian, the Fund’s Financial Counsellor, said advanced…
Nigeria’s Vice-President Kashim Shettima has said President Bola Tinubu’s reforms are reshaping the economy and opening new doors for global partnerships. Shettima spoke on Monday in Abuja during a meeting with a VISA delegation led by Tareq Muhmood, the company’s Regional President for Central and Eastern Europe, the Middle East and Africa (CEMEA). He described…
West Africa’s regional bloc ECOWAS is preparing to launch a private sector-led Business Council (EBC), described as a transformational platform to boost economic integration, competitiveness and cross-border trade. The ECOWAS Commissioner for Economic Affairs and Agriculture, Massandje Toure-Litse, said in Abuja that the EBC was “designed by private sector leaders, for private sector leaders” and…
The International Monetary Fund (IMF) has projected global economic growth at 3.0 per cent in 2025 and 3.1 per cent in 2026, as significant policy changes continue to shape the global economic landscape. This is contained in the IMF’s July 2025 World Economic Outlook (WEO) Update, titled “Global Economy: Tenuous Resilience amid Persistent Uncertainty”, released…
