Manufacturing Sector's Appeal Dims Amid Shrinking Investments   The manufacturing sector is losing foreign investments, as an 87 per cent gap in 27 months betrays an unattractive industry. Stakeholders say that only stable macroeconomic conditions can cause a rebound. The gap between...

Nigeria Targets $4.5bn Cost Savings in Oil and Gas Sector by December   Nigerian National Petroleum Company Limited (NNPC) has said the country’s oil and gas industry is on course to save between $3 billion and $4.5 billion in operational costs...

NSDC, New Operators Seal Landmark Development Agreements, to Produce 400,000MT of Sugar Annually   The National Sugar Development Council (NSDC) has signed agreements with four operators to develop greenfield sugar projects that will collectively produce 400,000 tones annually, marking the latest...

GDP Rebasing: Between Data-driven Euphoria and Economic Reality, by Zekeri Laruba Idakwo When Nigeria last rebased its Gross Domestic Product (GDP) in 2014, the world took notice. With a single statistical update, the nation’s economy seemingly doubled in size—vaulting from $270...

Tinubu Injects ₦1.5trn into BOA to Boost Agribusiness, Food Security President Bola Ahmed Tinubu has approved a landmark ₦1.5 trillion recapitalisation of the Bank of Agriculture (BOA) to transform Nigeria’s agricultural sector, deepen food security, and create millions of jobs. The...

U.S. 15% Tariff on Nigerian Goods Takes Effect Thursday, Threatening $12bn Exports The United States will begin enforcing a new 15% tariff on Nigerian exports next week Thursday, a move expected to hit the country’s oil-dependent economy and strain its...