September 19, 2025

Economy

Economy Religion

GRAMA Equips Muslim Professionals to Thrive in a Turbulent Economic Climate

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

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Economy

Firewood Economy: The Unfolding Sustainability Paradox in North-East Nigeria

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

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Economy

Nigeria’s Bold Economic Revival: Ambitious Reforms Amid Global Challenges

In a determined bid to transform its economic landscape, Nigeria is embarking on a comprehensive strategy aimed at achieving rapid growth and substantial job creation, even as it navigates the complexities of a volatile global economy. The administration of President Bola Tinubu has set an ambitious target: to propel the nation’s economy to a $1

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Economy

Federal Ministry of Arts, Culture, Tourism, and Creative Economy Partners with ITPN to Drive Blue Economy Agenda Through Coastal Tourism Development

The Federal Ministry of Arts, Culture, Tourism, and Creative Economy (FMACTCE), in collaboration with the Institute for Tourism Professionals of Nigeria (ITPN), has convened stakeholders to chart a sustainable pathway for leveraging Nigeria’s coastal resources and marine biodiversity to boost tourism and economic growth. The one-day seminar, themed “Development of National Blue Economy and Coastal

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Economy

Nigeria’s Excess Crude Account Shrinks to $473,754 as Fiscal Pressures Mount

Nigeria’s Excess Crude Account (ECA) now stands at a meagre $473,754.57, according to the latest disclosure by Shamseldeen Ogunjimi, the Accountant-General of the Federation. Ogunjimi made this revelation during the 149th National Economic Council (NEC) meeting presided over by Vice President Kashim Shettima at the Presidential Villa, Abuja. This balance, unchanged for several months, marks

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Economy

Nigeria in Talks with JP Morgan to Rejoin Bond Index in Major Economic Move

Nigeria is currently in advanced discussions with global financial institution JP Morgan to re-enter its Government Bond Index for Emerging Markets (GBI-EM), a move that is expected to bolster investor confidence and attract significant capital inflows into the country’s bond market. This announcement was made by the Director-General of the Debt Management Office (DMO), Patience

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Business Economy

FG Approves Tax Waivers for Dangote, Mikano, 105 Other Companies to Boost Investment

The Federal Government has approved tax waivers for 107 companies, including major players such as Dangote Group and Mikano International Limited, under its Pioneer Status Incentive (PSI) scheme. The move, aimed at spurring investment and driving economic growth, was confirmed in the latest report by the Nigerian Investment Promotion Commission (NIPC). According to the NIPC’s

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Economy

Economic Growth and Privacy Take Centre Stage at NADPA-RAPDP 2025 in Abuja

The city of Abuja is set to host key stakeholders in Africa’s data protection and economic sectors as the Nigeria Data Protection Act–Regional Africa Data Protection Platform (NADPA-RAPDP) Conference and Annual General Meeting convenes from May 6 to 8, 2025. The high-profile event, scheduled to take place at the Transcorp Hilton Hotel, will feature a

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Economy

Zone C Customs Intensifies Trader Sensitisation, Stresses Compliance as Pillar for Nigeria’s Economic Growth

In a renewed drive to bolster Nigeria’s economic fortunes, the Nigeria Customs Service (NCS) Zone C, Port Harcourt, has called on traders, clearing agents, and bonded terminal operators to embrace strict compliance with customs regulations, positioning it as a bedrock for national economic advancement. This message was at the heart of a one-day sensitisation workshop

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Economy

Nigerian Banking: A Daily Struggle for Customers Amid Mounting Economic Pressures

For many Nigerians, the experience of banking in 2025 has become a relentless ordeal, with each transaction feeling like another cut in a long series of financial wounds. The sector, once hailed for its resilience, is now grappling with a perfect storm of economic challenges that have left customers and institutions alike in a constant

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