Tag: #NigeriaEconomy
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NIGERIA ECONOMY ON STEADY GROWTH PATH, SAYS NGX CHAIR
From stabilization to major capital gains, Nigeria is attracting investor confidence. Dr. Umaru Kwairanga, Chairman of the Nigerian Exchange Group, has said Nigeria’s economy is stabilized and growing steadily. Speaking at the Africa Capital Forum in London, he highlighted stock market gains, with the NGX All-Share Index up 261% and market capitalization surging 325%. Kwairanga…
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BENUE MOVES TO CUT FARM LOSSES WITH NEW EXPORT AGENCY BILL
Lawmakers push plan to save up to 50% of wasted produce and boost farmers’ income. A bill to establish the Benue State Post-Harvest Management and Export Agency (BESMEA) has passed second reading at the State Assembly in Makurdi, signaling a major push to tackle farm losses and improve exports. Leading the debate, McClinton Manger said…
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FG URGES WOMEN TO SEIZE TRADE, ENTREPRENEURSHIP OPPORTUNITIES
Government says empowering women in business is key to Nigeria’s economic growth. The Federal Government has called on Nigerian women to take advantage of opportunities in trade and entrepreneurship to help drive the country’s economic development. The Minister of Industry, Trade and Investment, Jumoke Oduwole, made the call in Abuja while marking the 2026 edition…
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NAIRA BOUNCES BACK: OFFICIAL RATE HITS N1,401/$1
The naira gained ground on Tuesday, trading at N1,401.40 to the dollar at the official market, according to CBN data — up N4.22 from Monday. Analysts said the 0.3% rebound reflects improved demand-supply dynamics and intervention by monetary authorities, offering a brief respite after a two-week slide. A currency trader noted, “The naira showed mild…
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FG WATCHING MIDDLE EAST TENSIONS, MOVES TO SHIELD NIGERIA’S ECONOMY
Nigeria’s Federal Government says it is closely monitoring the escalating geopolitical tensions in the Middle East involving the United States, Israel and Iran, while working to safeguard the country’s economic stability. The update followed a meeting of the Economic Management Team (EMT) chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale…
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PLATEAU, BOI LAUNCH N4BN FUND TO BOOST SMALL BUSINESSES
Plateau State and the Bank of Industry (BOI) have teamed up to inject N4 billion into Micro, Small and Medium Enterprises (MSMEs), a move aimed at stimulating businesses, creating jobs, and strengthening the state’s economy. The partnership was sealed through a Memorandum of Understanding signed at the Government House in Jos, with both parties contributing…
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IRAN-US-ISRAEL STRIKE SPARKS REGIONAL WAR, GLOBAL OIL SHOCKS
The assassination of Iran’s Supreme Leader Ali Khamenei on Feb. 28, 2026, allegedly by the United States and Israel, has ignited a full-blown regional conflict with global economic ripples. What began as a targeted strike has escalated into waves of Iranian missile and drone attacks on Israel and U.S. bases across the Gulf, while Tehran…
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ABUJA RESIDENTS ADOPT SURVIVAL STRATEGIES AS ECONOMIC PRESSURE BITES
Rising living costs are pushing many residents of Nigeria’s capital to adopt drastic coping strategies just to keep their households running. Civil servants, traders, and artisans in Abuja say food prices, transport fares, and soaring house rents have severely reduced their purchasing power, forcing families to cut spending and rethink daily living. Some now buy…
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WOMEN BREAK INTO NIGERIA’S HEAVY MANUFACTURING SECTOR
As the world marks International Women’s Day 2026, stakeholders are spotlighting an often-overlooked frontier—Nigeria’s heavy manufacturing sector, where women are still pushing to break long-standing barriers. While women make up a significant share of the manufacturing workforce, their roles are largely concentrated in light industries like food processing, textiles, and packaging, with sectors such as…
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ABUJA WOMEN TURN PRIVATE CARS INTO ‘KABU-KABU’ TAXIS TO SURVIVE
As economic pressure tightens, many women in Nigeria’s capital are turning their private cars into informal taxis—popularly called “kabu-kabu”—to earn extra income and support their families. Across major junctions and bus stops in Abuja, more women—some driving luxury vehicles—now pick up passengers heading to different parts of the city. Many say the move is a…
