Economy Archives

Dr. Akinwumi Adesina speaking at the Seyi Tinubu Colloquium in Lagos.

News

Former AfDB President Urges Nigeria to Invest in Youth Potential

Dr. Akinwumi Adesina highlights the need for Nigeria to support its young people to drive economic growth.

IMF Annual Meetings in Bangkok with officials discussing economic outlook.

Business News

IMF Urges Developing Nations to Cut Spending Amid Energy Crisis

The International Monetary Fund warns that low-income countries must reduce spending due to rising debt and energy costs.

Finance Minister Taiwo Oyedele speaking at a global economic meeting.

Business News

Developing Countries Face $500 Billion Higher Debt Costs Than Rich Nations

Nigeria’s finance minister highlights the financial struggles of developing nations at a global meeting.

A gathering of Islamic clerics in Kano, Northern Nigeria.

News Politics

Over 1,000 Clerics in Northern Nigeria Urge Change in President Tinubu’s Policies

Islamic leaders warn against re-electing President Tinubu unless economic issues improve.

A business person contemplating the balance between profit, people, and the planet.

Business News

Rethinking Business Success: Balancing Profit, People, and Planet

Businesses should focus on profit while also considering their impact on people and the environment.

President Bola Tinubu speaking about economic reforms.

News

Tinubu Welcomes World Bank Report on Nigeria’s Economic Progress

President Bola Tinubu highlights positive findings from the World Bank’s report on Nigeria’s economy.

News Politics

Peter Obi Questions Impact of One-Month Petrol Discount on Nigeria’s Economy

Peter Obi doubts that a 30-day petrol price discount will tackle poverty and insecurity in Nigeria.

President Bola Tinubu speaking at a press conference.

News Politics

President Tinubu Calls on States to Use Increased Revenues Wisely for Citizens’ Benefit

President Bola Tinubu urges state governments to prioritize projects that enhance living standards as revenues rise.

A meeting of government officials discussing performance targets for agencies.

Business News

Federal Government to Set Performance Targets for Agencies to Ease Business Operations

The government aims to improve service delivery and reduce costs for businesses by setting clear performance targets for its agencies.

Oyo State Governor Seyi Makinde speaking at a town hall meeting.

News

Oyo Governor Questions Federal Fuel Discount Policy and Pricing Transparency

Seyi Makinde urges the Federal Government to disclose its fuel pricing details amid rising costs.

Business News

Nigeria’s Credit Outlook Improved to Positive by Fitch Ratings

Fitch Ratings has upgraded Nigeria’s outlook to positive, signaling potential future upgrades.

A vendor counting money at Lokoja International Market in Nigeria.

Business News

Nigeria’s Economy Grows 4.2% as State Revenues Surge by 93% in 2026

The World Bank reports significant economic growth in Nigeria, driven by increased state revenues.

A group of Islamic clerics at a conference discussing national issues.

News Politics

Northern Clerics Urge President Tinubu to Abandon 2027 Election Bid Amid Security Concerns

Over 1,000 Islamic clerics in northern Nigeria call on President Tinubu to drop his re-election plans due to rising violence and economic hardships.

President Bola Tinubu speaking at a public event.

News Politics

Presidency Defends Tinubu’s Economic Reforms Against Criticism

The Nigerian presidency responds to The Economist’s assessment of President Tinubu’s administration.

Ghana's Foreign Minister Samuel Okudzeto Ablakwa during a press conference.

News

Ghana’s Cabinet Approves Application to Join BRICS Economic Group

Ghana seeks to diversify its economic partnerships by applying for BRICS membership.

Inauguration of the Africa Credit Rating Agency in Mauritius

Business News

African Union Launches First Credit Rating Agency to Support Economies

The African Union has inaugurated the Africa Credit Rating Agency to help reduce borrowing costs for African countries.

Ghana's President John Mahama speaking at an event.

News

Ghana Seeks Membership in BRICS Economic Group

Ghana’s government has decided to apply for membership in the BRICS bloc to enhance its economic partnerships.

News

Key Updates: Nigeria’s Air Force Crash Investigation and Economic Outlook

Nigeria’s Defence Minister orders an investigation into a deadly Air Force crash, while the World Bank improves the country’s economic outlook.

A factory manager and a parent representing two different economic experiences in Nigeria.

News

Economic Recovery Shows Disparity Between Businesses and Households in Nigeria

While businesses report growth, many families struggle with rising costs and financial worries.

President Bola Tinubu speaking at a manufacturing event in Lagos.

Business News

Nigeria Aims to Become Africa’s Industrial Workshop, Says President Tinubu

President Bola Tinubu announces plans for Nigeria to shift from exporting raw materials to manufacturing finished goods.