Nigeria’s expanding industrial financing plans may struggle to boost manufacturing unless the government addresses the structural challenges that make factories expensive to operate. Although new funding commitments could help businesses …
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Tinubu Says World Bank Report Confirms Nigeria’s Economic Reforms Are Working
President Bola Tinubu has welcomed the World Bank’s October 2026 Nigeria Development Update, saying its findings indicate progress from the economic reforms introduced by his administration. The report, titled Beyond …
Nigeria is set to lead developing countries in calls for reforms to global financial institutions and development financing as finance ministers and central bank governors from the Group of Twenty-Four …
Announced on October 8, 2026, the initiative is designed to ease the burden of rising petrol prices, with public transport operators given priority. The government says the arrangement will be …
The African Export-Import Bank (Afreximbank) has called on the Africa Credit Rating Agency (AfCRA) to develop credit assessment standards that reflect the continent’s economic realities, institutional structures and financial markets. …
The European Union has released €225,000, equivalent to about N340 million, in humanitarian assistance for communities displaced by conflict in Kebbi State. The funding will enable the Nigerian Red Cross …
The International Finance Corporation (IFC), the private-sector investment arm of the World Bank Group, has committed about KSh1.94 billion ($15 million) to Quickmart’s KSh15 billion initial public offering (IPO) in …
The World Bank has raised Nigeria’s economic growth forecast for 2026 to 4.3 percent but warned that increased government spending ahead of the 2027 general elections could put pressure on …
The Federal Government says it will prioritise gas supply and reliable electricity for industrial clusters as part of efforts to reduce production costs and strengthen Nigeria’s manufacturing sector. President Bola …
Young Nigerians are making up a smaller share of the country’s registered electorate ahead of the 2027 general elections, despite the country’s youthful population. The latest voter register released by …