The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has projected that Nigeria’s creative sector could generate up to $25 billion, following the completion of the National Arts Theater (NAT) upgrade. This historic edifice, refurbished by the Bankers Committee, is expected to serve as a major catalyst for economic growth through the creative […]
The New Partnership for Africa’s Development Business Group Nigeria (NBGN) has embarked on a strategic rebranding initiative aimed at accelerating Nigeria’s economic development and fostering sustainable business growth. NBGN’s Renewed Commitment to Economic Development In a statement released to Vanguard, Bashorun Randle, Chairman of NBGN, highlighted the organization’s longstanding role in promoting economic advancement, regional […]
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Introduction The Centre for the Promotion of Private Enterprise (CPPE) has expressed support for the Central Bank of Nigeria’s (CBN) recent decision to pause interest rate hikes. Dr. Muda Yusuf, Chief Executive Officer of CPPE, described this move as a step in the right direction and aligned with economic expectations. CPPE’s Call for Future Rate […]
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Olu of Warri Not Involved in Oil Bunkering – Erewa Refutes Claims Chief Godday Oritsewino Erewa, a respected leader from the Etikan Kingdom in Ondo State and the Oritsuwa of Warri Kingdom, has firmly dismissed allegations accusing the Olu of Warri, Ogiame Atuwatse III, of involvement in oil pipeline vandalism and illegal bunkering. He described […]
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Governor Biodun Oyebanji of Ekiti State has announced the official presentation of the N375.7 billion 2025 budget, signed into law on December 30, 2024. In a key statement, the government confirmed that no borrowing had been undertaken to fund any projects, sticking to its policy of zero borrowing in project financing. During the public breakdown […]
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Central banks play a pivotal role in stabilizing a nation’s currency and economy through the implementation of monetary policies. However, their actions are often misunderstood, especially during times of economic challenges. According to PwC, it is crucial for central banks to communicate their objectives clearly and effectively to foster a proper understanding and positive public […]
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Discover the implications of Nigeria joining BRICS, including economic growth, foreign investments, and enhanced global influence. Explore benefits and challenges in this new partnership. Nigeria has officially joined BRICS as a partner country, marking a significant milestone for one of Africa’s largest economies. This inclusion integrates Nigeria into a dynamic coalition of emerging market nations, […]
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The Export-Import Bank of the United States (EXIM) and the Nigerian Export-Import Bank (NEXIM) have signed a groundbreaking memorandum of understanding (MOU) aimed at boosting trade relations between the two nations. Reta Jo Lewis, President and Chair of EXIM, signed the agreement on behalf of the U.S. Export-Import Bank, while Abba Bello, Managing Director and […]
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The Federal Government of Nigeria has addressed recent remarks by the 16th Emir of Kano, Muhammadu Sanusi II, regarding the economic policies under President Bola Ahmed Tinubu’s administration. In a statement released on Thursday, the government made it clear that it does not require external validation to pursue its economic reforms aimed at stabilizing the […]
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Learn how the National Bureau of Statistics (NBS) plans to include hidden and illegal activities in Nigeria’s GDP calculations, enhancing economic accuracy and transparency. The National Bureau of Statistics (NBS) recently announced its decision to include illegal and informal activities, such as prostitution and drug trafficking, in the computation of Nigeria’s Gross Domestic Product (GDP). […]
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Oyo State Governor, Seyi Makinde, has pledged that his administration will prioritize easing economic challenges and empowering residents in 2025. In a New Year message broadcasted via the Broadcasting Corporation of Oyo State (BCOS), the governor outlined his plans to improve living standards and create an environment for economic growth. Governor Makinde emphasized his commitment […]
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Discover President Tinubu’s plans for 2025, including the establishment of a National Credit Guarantee Company to lower food and drug prices, expand credit access, and foster economic growth. Tinubu Unveils 2025 Strategy to Reduce Food and Drug Costs ABUJA — President Bola Ahmed Tinubu has announced the Federal Government’s commitment to alleviating the burden of […]
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Gov. Ahmed Ododo of Kogi State has officially signed the 2025 budget appropriation bill, valued at N582.4 billion, into law. The signing ceremony took place on Monday at the Glass House in Lokoja’s Government House. According to Kingsley Fanwo, the state’s Commissioner for Information and Communication, this development marks a significant step toward implementing the […]
