Steel Sector Sees $500m FDI Boost Following Reforms, Says Minister   About $500m in foreign direct investment (FDI) has flowed into Nigeria’s steel sector over the past 20 months, the Minister of Steel Development, Prince Abubakar Audu, has revealed. Audu disclosed this on Thursday in Abuja while...

The Tinubu administration has unarguably embarked on a bold and unapologetic mission to retool Nigeria’s economy.

NNPC Uncovers Sabotage Plot, Reiterates Commitment to Reforms   The new leadership of the Nigerian National Petroleum Company Limited (NNPCL) led by Bayo Ojulari, has raised the alarm that some saboteurs within and outside the organisation are working against efforts to transform the company into a...

'Tinubu’s Reforms Bold, But Brought Pains on Citizens, Businesses'   The Lagos Chamber of Commerce and Industry (LCCI) yesterday said President Bola Tinubu’s administration in the last two years has been characterised by bold macroeconomic reforms and significant policy shifts. The LCCI, however, said the measures have...

Cardoso’s Shock Therapy: Why Nigeria Needs These Reforms, by Rahma Olamide Oladosu   By any measure, Nigeria’s financial system has been walking a tightrope for years. A mix of weak oversight, economic volatility, and historical lapses in governance has created an environment ripe for instability. But under...

CBN Predicts N31.787trn Inflow from Diaspora Remittances   The Central Bank of Nigeria (CBN) has made a bullish forecast, predicting that diaspora remittances will surge to a record N31.787 trillion once the fourth-quarter 2024 numbers are finalized. The substantial increase in diaspora remittances was attributed to the...