One year on! Naira stability still elusive despite Tinubunomics policy adjustments — Agora Policy Note

  Fundamental economic policy misalignment $ illiquidity hinders CBN’s ability to manage FX “It’s the economy, stupid” hits Nigerians PHILLIP ISAKPA IN LONDON, UK One year after the whirlwinds of Tinubunomics swept the Nigerian political and economic landscape with a swathe of monetary policy adjustments, Nigerian currency, the Naira, has failed to find stability, a […]

CIAPS lists innovative strategies to tackle Nigeria’s rampant corruption 

Joy Agwunobi & Cynthia Ezekwe The Commonwealth Institute of Advanced and Professional Studies (CIAPS), a pioneering institution focused on the development of forward-thinking professionals, has highlighted the urgent need for innovative strategies to address the deeply ingrained issue of corruption in various sectors of the country. The institute made the call recently at a public […]

Nigeria’s Inflation Soars to 33.69% in April 2024-NBS

Nigeria’s foreign trade falls 9.68% in Q3 2022,NBS reports

Business a.m. The National Bureau of Statistics (NBS) has released the latest inflation data for Nigeria, which revealed a marked increase in the headline inflation rate from 33.20 percent in March 2024 to 33.69 percent in April 2024, marking a rise of  0.49 percentage points in a single month. According to the National Bureau of […]

N15.6trn 700km Nigeria coastal highway raises biggest project debate 

  Nigerians put at crossroads over execution ONOME AMUGE, IN LAGOS The Lagos-Calabar coastal road, a promise of transformation and development, has found itself at the epicentre of controversy, with its ambitious plans shrouded in mystery and dogged by allegations of corruption. As the 700 km Lagos-Calabar coastal road project sets its sights on a […]

Fitch sees promising prospects for Nigeria’s fiscal, economic outlook

Fitch revises global GDP forecast to modest 5.3% uptick in 2021

  Long-term FX creditworthiness ‘positive’ Affirms long-term FX IDR at ‘B-’ On back of recent reforms Onome Amuge Global credit rating agency Fitch Ratings has shined a positive light on Nigeria’s long-term foreign-currency creditworthiness, upgrading its outlook to “Positive” and affirming the country’s long-term foreign-currency Issuer Default Rating (IDR) at ‘B-’, a sign that the […]

President Tinubu taps Ovia, Zenith Bank founder, to chair Education Loan Fund 

Jim Ovia, newly appointed chairman, NELFUND Business a.m. President Bola Tinubu has tapped Jim Ovia, the founder and chairman of Zenith Bank Plc, to lead the newly formed Nigerian Education Loan Fund (NELFUND) as board chairman. Ajuri Ngelale, the president’s special adviser on media and publicity, detailed the appointment in a State House statement made […]

Netherlands pledges $250m investment in Nigeria’s climate, solid mineral

  To boost Nigeria’s economic growth Onome Amuge A surge of optimism rippling through the international investment community has heralded a promising new chapter in Nigeria’s economic future, as the transformative reforms of President Bola Tinubu have piqued the interest of the Netherlands and ignited a fresh wave of Dutch investment to the tune of […]

Cross River banks on fresh management team to boost economic development

 Team to analyse workable model before proposing Ben Eguzozie Cross River, a state struggling to wriggle itself out of the worst-performing unemployment states list, has come with an economic management team (EMT) for the first time in more than 20 years. This is as Governor Bassey Out inaugurated a nine-member economic management team, which he […]

Political economist Kila welcomes AGF’s intervention in Yahaya Bello’s EFCC case

Business a.m. The intervention of Lateef Fagbemi, Nigeria’s attorney general (AGF) and minister of justice, in the ongoing saga between immediate past governor of Kogi State, Yahaya Bello, and the Economic and Financial Crimes Commission (EFCC) has received a resounding welcome from Anthony Kila, a renowned professor of political economy and director, Commonwealth Institute of […]

Nigeria’s mounting inflation woes hits new peak at 33.2% in March 2024

December 2023 Inflation – Inflation rises to 27-year high

Business a.m. The National Bureau of Statistics (NBS) has released the latest inflation data for Nigeria, which revealed a marked increase in the headline inflation rate from 31.70 per cent in February 2024 to 33.20 per cent in March 2024, marking a rise of 1.50 percentage points in a single month. According to the National […]