By Admin President Bola Tinubu has is excited about the World Bank’s October 2026 Nigeria Development Update, titled Beyond the Federal Purse: How Higher Revenues Reshaped State Priorities. He said its findings confirm that the administration’s economic reforms are delivering results and placing the economy on a firmer footing for sustained growth. The President noted…
By Admin A group, Center for the Promotion of Private Enterprise (CPPE), has said any consideration for petrol importation must be to close a genuine and independently verified shortfall. Its Chief Executive Officer, Dr. Muda Yusuf, said while imports remains a legitimate contingency tool for refinery outages, seasonal demand spikes, quality gaps and strategic-stock replenishment,…
By Admin with agency reports The Dangote Petroleum Refinery and Petrochemicals has threatened to stop premium motor spirit (PMS) or petrol sale from its plant to major marketers importing the product into the country citing concerns over product quality, market transparency and the integrity of products supplied under its brand. The measure could take effect…
By Admin The government of Canada has pledged to deepen and diversify economic ties with Nigeria, adding that a lot has been about the extraordinary global growth of African music and the economic opportunity growing around it. Speaking at The Headies: Road to Toronto reception with the theme: Africa to the World, which took place…
The management of Dangote Petroleum Refinery and Petrochemicals (DPRP) has expressed concern over the continued issuance of petroleum product import licences despite the refinery’s proven capacity to meet and exceed Nigeria’s domestic Premium Motor Spirit (PMS) requirements. The refinery, in a statement, noted that while it remains fully committed to supporting the country’s energy security…
Foreign reserves have hit $53.1 billion as capital inflows from stronger crude oil earnings continue to accelerate accretion. Data from the Central Bank of Nigeria (CBN) website showed that the reserves closed at $53.1 billion on August 24, the highest level in nearly 18 years. The current reserves position is far higher than CBN’s projected…
At the Nigerian Bar Association’s 66th Annual General Conference, held under the theme “Beyond Limits,” the conversation around Nigeria’s economic future took a decisive turn towards local capacity, digital transformation and smarter public procurement. During a high-level session on “E-Commerce and Procurement: Transforming Public Contracting through Digital Systems, Transparency and Local Capacity Development,” Chairman of…
The Federal Government of Nigeria has launched a $552 million basic education programme co-financed by the World Bank and the Global Partnership for Education, President Bola Tinubu said on Thursday, to improve learning outcomes, widen access to schooling and strengthen the education system. According to Reuters report, the HOPE-EDU programme will directly benefit about 29…
By Admin The June 2026 inflation report points to a broad stabilisation of headline inflation but also reveals a renewed escalation of food prices. While macroeconomic stability is gradually being consolidated, structural inflationary pressures within the real economy remain pronounced, the Centre for the Promotion of Private Enterprises (CPPE) has said. Headline inflation eased marginally…
