A World Bank chief, Anna Bjerde, said Nigeria is now frequently cited globally as an example of steady, credible reform leadership. Bjerde, the bank’s Managing Director of Operations, made the remark at a meeting on Tuesday with President Bola Tinubu and Vice President Kashim Shettima at the State House, Abuja. Some other bank officials READ MORE
Category: Economy
FG begins free training for 10m Nigerians on financial literacy
The Federal Government on Monday launched a free nationwide training programme for 10 million Nigerians on financial inclusion and literacy. The News Agency of Nigeria reports that the training is organised by the Office of the Vice-President through the Presidential Committee on Economic and Financial Inclusion, chaired by Vice-President Kashim Shettima. It is READ MORE
Tinubu’s reforms rebuilding Nigeria’s global image – Shettima
Vice-President Kashim Shettima on Thursday said the ongoing reforms of the President Bola Tinubu administration are rebuilding Nigeria’s global image and restoring confidence in the country. Shettima stated this at the inaugural Convocation Ceremony of the Professionals’ Certification Programme, held at the State House Conference Hall, Abuja. The Vice-President was represented at the READ MORE
Turkiye targets $5b trade volume with Nigeria – President Erdogan
President Recep Tayyip Erdogan of the Republic of Turkiye on Tuesday in Ankara, reaffirmed his country’s commitment to a $5 billion trade volume target with Nigeria. He said discussions on the deal have already commenced. President Erdogan stated this at a joint press briefing with President Bola Tinubu in the course of the READ MORE
Nigeria Customs Revenue Rises 19% to N7.28trn in 2025
The Nigeria Customs Service (NCS) recorded a historic revenue performance in 2025, generating N7.28 trillion—about a 19 per cent increase from the N6.1 trillion collected in 2024 and surpassing its N6.58 trillion target for the year. The Comptroller-General of Customs, Bashir Adeniyi, disclosed this on Monday in Abuja during the 2026 World Customs Day READ MORE
WEF: Nigeria advocates home-grown solutions to Africa’s economic challenges
The Federal Government of Nigeria has advocated home-grown solutions to Africa’s economic problems. According to a statement, Vice-President, Kashim Shettima during a High-level Accra Reset Initiative meeting held on the margins of the ongoing 2026 World Economic Forum (WEF) Annual Meeting in Davos, Switzerland emphasised the need for innovative approaches for growth, development and READ MORE
Dangote outlines new strategy to drive Africa’s economic expansion and industrial development
Dangote Industries Limited (DIL) has announced an ambitious Vision 2030 strategy aimed at fast‑tracking Africa’s industrialisation, strengthening economic self‑sufficiency, and empowering the continent’s next generation. President of the Group, Aliko Dangote, reaffirmed that the company’s long‑term direction is focused on building Africa’s capacity to feed itself, power its economy, and develop its people sustainably. READ MORE
Lagos State: Sanwo-Olu signs ₦4.44tn budget 2026, aims inclusive growth
Gov. Babajide Sanwo-Olu of Lagos State on Monday assented to the 2026 Appropriation Bill of N4.4 trillion describing it as a “Budget of Shared Prosperity” aimed at inclusive growth. The governor who spoke at the State House in Ikeja on Monday, during the signing ceremony said that the budget also aims at improving the READ MORE
Budget Office Corrects False Narrative on NEDC Allocation
Abuja, Nigeria — The Budget Office of the Federation categorically rejects recent claims alleging that the North East Development Commission (NEDC) operates a ₦246 billion “salaries budget.” This assertion is misleading, inaccurate, and rooted in a fundamental misunderstanding of the Federal Government of Nigeria’s budgeting framework. Contrary to claims circulating in the public domain, READ MORE
Nigeria’s trade deal with the UAE: Minister Jumoke Oduwole explains what Nigeria stands to gain from CEPA
Today marks a historic milestone in Nigeria’s trade relations. The Federal Republic of Nigeria and the United Arab Emirates signed a Comprehensive Economic Partnership Agreement CEPA that will transform economic ties between our two nations and deliver tangible benefits for Nigerian businesses, professionals, and workers. This Agreement is the product of focused and determined READ MORE
Tinubu in Abu Dhabi for Abu Dhabi Sustainability Week
President Bola Ahmed Tinubu arrived in Abu Dhabi, United Arab Emirates (UAE), on Sunday ahead of his participation in the 2026 edition of Abu Dhabi Sustainability Week (ADSW), which begins on Monday. The President’s plane landed at the Presidential Wing of Zayed International Airport at exactly 11:30 pm local time. He was received READ MORE
Nigeria: States Projected to Receive ₦5tn from VAT in 2026 Under New Tax Laws
Nigeria’s 36 states are projected to collectively receive about ₦5.07 trillion in Value Added Tax (VAT) revenue in 2026, following the implementation of a new revenue-sharing formula introduced under the National Tax Acts. The projection is contained in the 2026–2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) approved by the Federal Executive Council. READ MORE
Lagos Assembly Approves ₦4.44trn 2026 Budget
The Lagos State House of Assembly has approved a ₦4.44 trillion budget for the 2026 fiscal year, following the adoption of the report of the House Committee on Economic Planning and Budget. Presenting the report at plenary on Thursday, the committee’s chairman, Mr Sa’ad Olumoh, explained that the estimates—tagged the Budget of Shared Prosperity—were READ MORE
Nigeria’s 2026 Outlook Signals Steady Economic Reset — FirstBank MD
Nigeria is heading into 2026 with firmer economic momentum as ongoing reforms begin to stabilise markets, rebuild investor confidence and open up fresh growth opportunities, the Managing Director of First Bank of Nigeria Ltd., Mr Olusegun Alebiosu, has said. Speaking at the Nigeria Economic Outlook 2026, a hybrid forum organised by FirstBank in Lagos, READ MORE
FirstBank hosts Nigeria Economic Outlook 2026, leads conversation on economic growth
FirstBank, West Africa’s premier financial institution and financial inclusion service provider is pleased to announce the Nigeria Economic Outlook 2026 scheduled to hold on Tuesday, 6 January 2025. The theme of the session is “The Great Calibration: Mastering Resilience in an Era of Asynchronous Growth” Nigeria Economic Outlook is an annual customer-facing session which READ MORE