For millions of households across Nigeria, the lived reality of the past three years has been defined by soaring food inflation, eroding wages, and an unprecedented rise in the cost of basic survival. In response to this widespread distress, former Vice President Atiku Abubakar has presented a clear, citizen-centered...
Economy
Uber, the global ride-hailing company, has announced plans to wind down its operations in Nigeria after 12 years, effective September 2, 2026. The company disclosed this in a statement issued on Wednesday, citing a decision reached after a review of its business operations in the country. “After a thorough...
A media aide to former Vice President Atiku Abubakar, Paul Ibe, has criticised the Federal Government’s projection of growing Nigeria’s economy to $1 trillion by 2030, describing the target as unrealistic under current economic conditions. In a post directed at the Chairman of the Presidential Fiscal Policy and Tax...
Google’s products and services generated an estimated $1.8 billion in economic activity in Nigeria in 2023, according to the United States Mission in Nigeria, highlighting the growing impact of digital technology on businesses, entrepreneurs and content creators across the country. The U.S. Mission disclosed this in a post shared...
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, declared that Nigeria’s economy has stabilised following the implementation of major reforms by the Federal Government. Oyedele stated this on Thursday August 27 while briefing journalists after the 160th meeting of the National Economic Council (NEC), saying the...
In a bid to reduce rural-urban migration and promote balanced development across the State, the Lagos State Government has flagged off the construction of the 670-metre Adebayo-Akinade Road in Igbogbo-Baiyeku Local Council Development Area, as part of the administration’s commitment to delivering the T.H.E.M.E.S. Plus Development Agenda to rural...
Presidency has strongly criticised former Vice President Atiku Abubakar’s proposal to restore petrol subsidy if elected president, describing the plan as economically unsustainable, legally complicated and driven by political desperation rather than sound fiscal policy. In a statement issued on Thursday by the Special Adviser to the President on...
Nigeria’s creative economy cannot achieve its full potential on talent alone and requires stronger structures, access to finance, skills development and better protection of intellectual property, stakeholders at the second QEDNG Creative Powerhouse Summit have said. The summit, organised by Mighty Media Plus Network Limited, publishers of QEDNG, was...
National Chairman of the All Progressives Congress (APC), Prof. Nentawe Goshwe Yilwatda, has said the administration of President Bola Ahmed Tinubu is deliberately investing in infrastructure and human capital development as part of a comprehensive strategy to transform Nigeria into a one-trillion-dollar economy. Prof. Yilwatda stated this when he...
The recent decision by the Monetary Policy Committee (MPC) to retain the Monetary Policy Rate (MPR) at 26.5% comes at a pivotal time for Nigeria’s economy. As the nation navigates the complex interplay of domestic resilience and global uncertainties, the choice to retain the MPR reflects a careful balancing...
President Bola Ahmed Tinubu, on Wednesday in Abuja, received commendations from Deloitte Africa for the ongoing financial and fiscal reforms in the country and was encouraged to pursue a stronger partnership that supports investments, youth training, and employment. The President, who received a delegation from Deloitte Africa, led by...
Federal Government has inaugurated a Ministerial Advisory Committee (MAC) to provide independent strategic advice aimed at strengthening Nigeria’s fiscal and macroeconomic reforms and accelerating inclusive economic growth. The committee was inaugurated in Abuja on Tuesday July 14 by the Minister of Finance and Coordinating Minister of the Economy, Mr....
While President Bola Tinubu has envisioned to build a $1 trillion Nigeria economy by 2030, some Big Tech multinationals, namely Hewlett Packard Enterprise (HPE) and IBM are working in reverse order to undermine both the President’s efforts and the economy. It is on record that Microsoft is in advanced...
Federal Government has described the 2026 National MSME Awards as a clear demonstration of President Bola Ahmed Tinubu’s unwavering commitment to positioning Micro, Small and Medium Enterprises (MSMEs) as the foundation of Nigeria’s economic prosperity under the Renewed Hope Agenda. Minister of Information and National Orientation, Mohammed Idris, stated...
World Stage Limited (WorldStage), a Nigerian based research and technology driven global focused firm has announced that WorldStage Business Forum, Second Quarter 2026 will hold on Tuesday, June 30, 2026 at the LCCI-BOI Innovation Hub, Nurudeen Olowpopo Street, Alausa Ikeja Lagos by 10AM for the presentation of its Nigeria’s...
President Bola Ahmed Tinubu has said the removal of fuel subsidy by his administration saved the country from imminent bankruptcy and laid the foundation for the gradual recovery of the nation’s economy. He spoke on Friday when he hosted state governors who came to celebrate with him the Sallah...
President Bola Ahmed Tinubu has assured Nigerians that the country is gradually overcoming its economic and security challenges, declaring that “the walk through the dark tunnel is over” as Muslims across the nation celebrate the 2026 Eid-el-Kabir festival. In his Eid message released on Tuesday, the President extended warm...
Nigeria is ready for business and under the leadership of President Asiwaju Bola Ahmed Tinubu, the country is committed to deepening ties with the Republic of Poland in different sectors of the economy, the Vice President, Senator Kashim Shettima has said. This, he said, can be done in the...
President Bola Tinubu has met with global investors in Paris, France, emphasising transparency and fiscal discipline, and explaining the rationale for the swift implementation of bold reforms. At the meeting, the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, highlighted Nigeria’s strong GDP growth in dollar...
The Federal Government has reiterated its commitment to empowering women as key drivers of the nation’s creative economy, with a focus on expanding access to finance, skills development and leadership opportunities. The Minister of Art, Culture, Tourism and the Creative Economy, Hannatu Musawa, made this known on Thursday in...