The African Development Bank (AfDB) has called for stronger investment-led growth strategies to help African economies withstand rising global uncertainty and geopolitical tensions. The recommendation is contained in the 2026 African Economic Outlook presented at the AfDB Annual Meetings in Brazzaville on Tuesday. Prof. Kevin Urama, Chief Economists/Vice President for Economic Governance and Knowledge Management,…
The management of the Federal Capital Territory Internal Revenue Service (FCT-IRS) has reaffirmed its commitment to operational stability, staff welfare and strategic revenue growth. This is contained in a statement issued by the service in Abuja on Tuesday. The management said the statement was to clarify recent reports about planned disruptions by unauthorised external actors….
The Minister of Information and National Orientation, Alhaji Mohammed Idris, has congratulated President Bola Tinubu on his 74th birthday. Idris, in a congratulatory message, commended Tinubu for taking tough decisions aimed at placing Nigeria on a path of recovery and growth. The message was personally signed by the minister and issued in Abuja on Sunday….
Israel’s Finance Ministry said late Tuesday that it has lowered the country’s economic growth forecast for 2026, citing the impact of ongoing military operations against Iran. The ministry revised its projection for economic growth to 4.7 per cent, down from a previous estimate of 5.2 per cent, saying the change reflects disruptions to economic activity…
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…
