Economy
China and Nigeria Ink 200 Million Yuan Agreement for Development and Economic Growth
China and Nigeria have signed an agreement worth 200 million yuan to support economic growth and development in Nigeria.
#Economic Growth
Economy
NCGC Guarantees N64 Billion in Loans, Aids 174,495 Borrowers Across Nigeria
The National Credit Guarantee Company (NCGC) has provided N64.13 billion in loans to 174,495 borrowers across Nigeria since its inception last year, according to multiple sources.
Economy
Despite MPR Reduction, Average Maximum Lending Rate Rises to 32.62%
Contrary to the expectation that the reduction in the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN) would lower lending rates, the average maximum lending…
Entrepreneurship
Nigeria Must Build Own Machines for Economic Growth – Engineers
Engineers in Nigeria have called for the country to invest in indigenous technology and build its own machines to accelerate growth.
Federal Politics
Tinubu Emphasizes Youth Empowerment as Key to Nigeria’s Economic Growth
Nigeria's former President, Tinubu, has emphasized the importance of empowering the youth as a crucial step towards economic growth.
News
FG Seeks $78.5 Billion for 65 Projects, Targets 366,763 Jobs
The Federal Government of Nigeria is seeking $78.5 billion in private capital to finance 65 projects across critical sectors, aiming to create 366,763 jobs, according to multiple sources.
Economy
IMF Boosts Forecast for Nigeria’s Economic Growth to 4.2%
The International Monetary Fund (IMF) has upgraded its forecast for Nigeria's economic growth for 2026 to 4.2%. The revised projection suggests a more robust economic recovery for the…
Economy
Agbakoba Proposes N400–N700 Petrol Price Amid LCCI’s Call for 20% Cut
Former Nigerian Bar Association president, Dr. Olisa Agbakoba, has suggested a petrol pricing model that could see prices ranging from N400 to N700, coinciding with the Lagos Chamber…
Nigeria
World Bank, IMF Push for Efficient AI Adoption as Nigeria Courts Investors
The World Bank and International Monetary Fund are advocating for efficient AI adoption as Nigeria seeks private investment for its economic growth.
News
Water Crisis Imperils Nigeria’s Economic Progress
According to Punch Newspapers, the ongoing water crisis in Nigeria could jeopardize the country's economic growth, impacting sectors like agriculture, manufacturing, and investment.
Economy
Investing in Women Key to Nigeria’s Economic Growth – World Bank
According to Business News Nigeria, the World Bank has emphasized the importance of investing in women for Nigeria's economic growth.
Economy
Dangote Emphasizes Domestic Production for Economic Resilience
Nigerian business magnate, Aliko Dangote, has advocated for increased domestic production as a key strategy for economic resilience.
Economy
Petroleum Marketers Back Nigerian Government’s Push for Increased Gas Supply to Industries
The Petroleum Marketing Association of Nigeria has thrown its support behind the federal government's plan to channel more natural gas to the industrial sector, according to reports.
