The Lagos Chamber of Commerce and Industry (LCCI), said the resurgence of inflationary pressures underscores the need for urgent, targeted, and sustained policy responses. The Chamber stressed that addressing structural drivers in energy, food systems, logistics, and foreign exchange will ...
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ITF, CTIN To Train 100,000 Artisans For Construction Sector
The Industrial Training Fund (ITF), in collaboration with the Cement Technology Institute of Nigeria (CTIN), have concluded arrangements to launch a landmark skills development programme aimed at training and upskilling 100,000 artisans in Nigeria’s construction sector. The programme that will ...
Read More »Ecobank Reports $801m Profit Before Tax For 2025
Ecobank Transnational Incorporated (ETI) has reported a pre-tax profit of N801 million for the 2025 financial year, reflecting sustained revenue generation from its diversified operations across sub-Saharan Africa. The Group in its 2025 audited results for the year ended December ...
Read More »N210trn Audit: Senate Gives NNPCL April 29 Deadline
The Senate, on Wednesday, through its Committee on Public Accounts, set April 29 as the deadline for the management of the Nigerian National Petroleum Company Limited (NNPCL) to appear before it and account for the yet-to-be-explained N210 trillion contained in ...
Read More »Nigeria’s Debt Stock Rose By N14.61trn In 2025
Nigeria’s total public debt increased by N14.61 trillion in 2025, rising to N159.28 trillion as of December 31, according to the latest provisional data released by the Debt Management Office (DMO) on Wednesday. The figure represents a 10.1 percent year-on-year ...
Read More »SEC Orders Immediate Asset Freeze On 13 Terrorism-Linked Entities
Nigeria’s apex capital market regulator, the Securities and Exchange Commission (SEC), has directed an immediate freeze on the assets of 13 newly- designated terrorism-linked entities, intensifying efforts to disrupt financial networks tied to insecurity. The directive, titled: “Commission’s sweeping compliance ...
Read More »IMF Lowers Nigeria’s 2026 Growth Projections to 4.1% Over Rising Fuel, Fertiliser Prices
The IMF in its April 2025 World Economic Outlook revised downwards Nigeria’s 2026 growth from 4.4 per cent which it projected in January this year to 4.1 per cent while growth is expected to rise to 4.3 per cent in ...
Read More »Energy Experts Slam World Bank Fuel Import Advice As Violation Of Petroleum Law, Threat To Self-reliance
Energy experts have criticised the World Bank’s recommendation for Nigeria to deepen fuel importation and fully liberalise its downstream sector, calling the advice ill-timed, economically regressive, and in direct violation of the Petroleum Industry Act (PIA). An energy economist and ...
Read More »Value Addition, Not Import-driven Solutions Will Sustain Nigeria’s Economy— Economist
The Centre for the Promotion of Private Enterprise (CPPE), has advised that the federal government should strengthen its fiscal reforms and boldly encourage local production to sustain economic growth and development. The Center argued that no economy will thrive on ...
Read More »FCMB, World Bank Support $500m Reform Programme To Boost Human Capital
The Lagos State Government, alongside the World Bank and First City Monument Bank (FCMB), is driving the Human Capital Opportunities for Prosperity and Equity–Governance (HOPE-GOV) programme, a $500 million initiative aimed at strengthening the systems that underpin basic education and ...
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