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Economic Reforms

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Nigeria warns agency heads of sanctions over inflated contracts

Nigeria's federal government says heads of state-owned enterprises who award inflated contracts outside procurement law will face sanctions, in a new directive from George Akume.
News

Lagos police rescue three girls from suspected trafficking in Badagry, hunt for traffickers

A routine patrol in Badagry stopped a motorcycle carrying three girls who police say are trafficking victims, and officers are now hunting the suspected traffickers.
Politics

Why Nigerians aren’t feeling Tinubu’s economic reforms, says Bwala

Presidential adviser Daniel Bwala says Nigeria's large population and infrastructure deficit are slowing the impact of President Tinubu's economic reforms on ordinary citizens.
News

Economy: Experts Question Federal Government’s Positive Assessment

Analysts say Nigeria’s economic gains are largely on paper, with macro improvements yet to translate into real relief for citizens. Experts urge targeted reforms for inclusive growth.
News

IMF Lifts Nigeria’s 2025 Growth Outlook to 3.9%

IMF raises Nigeria economic growth forecast 2025 to 3.9 percent, driven by stronger fundamentals, investor confidence, and fiscal reforms.
News

World Bank: 139 Million Nigerians Still Trapped in Poverty

The World Bank urged Nigeria to channel reform gains into real welfare improvements, as 139 million citizens still live in poverty.
News

Nigeria Records $6.83 Billion Payments Surplus in 2024

Nigeria records a $6.83 billion payments surplus in 2024, marking the first surplus in three years. Key reforms and trade performance contributed to the success.
News

Buhari Praises Tinubu Amid Nigeria’s Economic Challenges

Former President Muhammadu Buhari has openly commended President Bola Tinubu for his impressive handling...
News

Senate Probes Buhari Govt’s N30tr Loan, Seeks Economic Transparency

The Nigerian Senate launches investigations into a N30 trillion CBN loan and the efficiency of key industries to ensure fiscal responsibility and economic stability.
News

Nigeria’s Poverty Rate Soars Despite Economic Reforms

Nigeria, Africa's largest economy, is facing a paradox. On one hand, the government has...
News

Nigeria’s Account Gains N1 Trillion Monthly After Subsidy Removal

Nigeria's Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, recently...

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News

Nigeria warns agency heads of sanctions over inflated contracts

Nigeria's federal government says heads of state-owned enterprises who award inflated contracts outside procurement law will face sanctions, in a new directive from George Akume.
News

Lagos police rescue three girls from suspected trafficking in Badagry, hunt for traffickers

A routine patrol in Badagry stopped a motorcycle carrying three girls who police say are trafficking victims, and officers are now hunting the suspected traffickers.
News

Nasarawa polio drive: state partners UNICEF, WHO ahead of Nov. 7 campaign

Nasarawa has called for intensified awareness ahead of a Nov. 7 to 10 polio vaccination campaign after reports of suspected cases, with UNICEF backing.
News

FG’s N70,000 transport allowance for workers could cost N465.7 billion as TUC rejects the deal

Nigeria’s 70,000 naira transport allowance could cost 465.7 billion naira over six months, and the Trade Union Congress says workers need a permanent raise instead.