The Nigerian Economic Summit Group (NESG) has partnered with a prominent foundation to drive socioeconomic development in Borno State. This collaboration aims to address the state’s development challenges and promote economic growth, stability, and prosperity. The partnership will focus on implementing projects and programs that will improve the lives of Borno’s citizens, particularly in areas
A recent development in Nigeria’s petroleum industry has seen the landing cost of petrol skyrocket to N870 per litre, significantly higher than the price offered by the Dangote refinery. This increase has raised concerns about the potential impact on fuel prices and the overall economy. The landing cost, which includes the cost of importing petrol,
In a pivotal move aimed at fostering Nigeria’s digital transformation, Honourable Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, held a crucial discussion with Interswitch, a leading Nigerian digital payments platform, to explore how the private sector can play a central role in advancing the nation’s economic reforms and digital infrastructure.
In a strategic response to the rising complexities of today’s professional landscape, the Graduate Members’ Association (GRAMA), the alumni arm of the Muslim Students’ Society of Nigeria (MSSN), Lagos State Area Unit, has reiterated its commitment to grooming Muslim graduates for success in an increasingly volatile, uncertain, complex, and ambiguous (VUCA) world. This resolve was
Despite soaring global gold prices and subdued demand in many parts of the world, Saudi consumers have displayed a remarkable appetite for gold jewellery, purchasing more of the precious metal in the first quarter of 2025 than ever before. According to the latest figures released by the World Gold Council, shoppers in the Kingdom acquired
The Nigeria Customs Service (NCS) has recorded a significant revenue boost, announcing a total collection of ₦1.75 trillion for the first quarter of 2025. This figure surpasses the quarterly target of ₦1.645 trillion by over ₦106 billion, representing a 106.47% performance rate. Compared to the ₦1.35 trillion collected in Q1 2024, this marks an impressive
The Nigerian National Petroleum Company Limited (NNPCL) is once again under intense scrutiny following the shutdown of the Warri Refining and Petrochemical Company (WRPC), just weeks after it was declared operational, despite consuming nearly $900 million in rehabilitation costs. The controversy emerged after a document from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA),
In a renewed push to accelerate the growth of small businesses across the country, the Nigeria Employers’ Consultative Association (NECA) has formally announced the 2025 edition of its flagship Micro, Small, and Medium Enterprises (MSMEs) Fair. The event is scheduled to take place on Tuesday, May 6, 2025, at the association’s headquarters—NECA House—located in the
In the arid landscapes of north-east Nigeria, firewood is more than just a household commodity — it is the backbone of survival for millions. Yet, what sustains daily life is also accelerating environmental degradation, exposing a stark paradox at the heart of the region’s fragile economy. For countless families, particularly those displaced by the Boko
As Dr. Akinwumi Adesina prepares to hand over the reins at the African Development Bank (AfDB), the spotlight has shifted from celebrating his achievements to a more critical question: can the economic diplomacy legacy he so meticulously built survive without him? Few leaders have left as profound an imprint on a continental institution as Adesina
