Economic reforms
Food price surge offsets inflation drop, CPPE warns
Despite Nigeria’s recent decline in headline inflation, the Centre for the Promotion of Private Enterprise (CPPE) has cautioned that persistent food price increases and structural inefficiencies continue to undermine economic stability. The Director and Chief Executive Officer of CPPE, Dr. Muda Yusuf, gave the warning in a statement on Sunday while analyzing the National Bureau […]
Foreign Direct Investment Plunges 70% in Three Months
Nigeria’s foreign direct investment (FDI) fell dramatically by 70.06% in the first quarter of 2025, raising fresh concerns over the country’s ability to attract long-term productive capital despite a surge in overall capital inflows. According to the National Bureau of Statistics (NBS) Capital Importation Report, FDI dropped to $126.29 million in Q1 2025, down sharply […]
Banking Sector Records $3.1bn Foreign Investments in Q2
In a strong show of investor confidence, Nigeria’s banking sector attracted an impressive $3.13 billion in foreign capital inflows in the first quarter (Q1) of 2025, representing 55.44% of the total capital importation into the country, according to the latest data from the National Bureau of Statistics (NBS). The total capital importation into Nigeria during […]
Foreign Investment Jumps 88% to N118.9bn on NGX
Foreign portfolio investment (FPI) on the Nigerian Exchange Limited (NGX) surged significantly in May 2025, reaching N118.91bn, an 88.54% rise from the N63.07bn recorded in April. This surge reflects a renewed appetite for Nigerian equities among offshore investors, despite macroeconomic headwinds and currency volatility. The data, released in NGX’s latest Domestic and Foreign Portfolio Investment […]
Midterm Reckoning: Labour Counters Tinubu’s Scorecard, Says Reforms Inflict Pain
As President Bola Ahmed Tinubu marked his second year in office with a national broadcast reaffirming his administration’s commitment to economic reform under the Renewed Hope Agenda, the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have delivered a scathing counter-narrative, accusing the government of subjecting Nigerians to deepening hardship, economic exclusion, and […]
Economic Reforms: Ooni of Ife Commends Tinubu’s Efforts
Ooni of Ife, Oba Adeyeye Ogunwusi Ojaja II, has commended President Bola Tinubu’s economic reforms, stating that the initial hardship is gradually giving way to positive results. Speaking at the Nigeria-Kazakhstan Business Council International conference in Abuja, the monarch noted that the arbitrage between the parallel and official markets has been closed for the first […]