Vice President Kashim Shettima and other economic Stakeholders have called on African nations to deepen the adoption of Islamic finance as a tool for inclusive and sustainable economic transformation across the continent. Represented by Dr. Tope Fasua, Special Adviser to the President on Economic Matters, Shettima made the […]
Category: Exclusives
Exclusives
Nigeria’s Inflation Falls to 18.02% in September, Driven by Lower Food Prices … Dips Below 20% First Time in 3 Years …Experts Nigeria’s Disinflation Trend, Calls for Policies to Tackle Persistent Cost Pressures
Nigeria’s headline inflation rate eased to 18.02 per cent in September 2025, marking a significant moderation from 20.12 per cent recorded in August, according to the latest data from the National Bureau of Statistics (NBS). The drop represents a 2.1 per cent month-on-month decline and the first […]
AfDB to Lend Nigeria $500m in Fresh Budget Support … Cites Tinubu’s Economic Reforms as Key Driver
The African Development Bank (AfDB) has announced plans to extend a $500m loan to Nigeria this year as part of a $1bn budget support programme, citing the country’s ongoing economic reforms under President Bola Tinubu as a major factor driving its decision. Executive Director representing Nigeria and São […]
ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC
The Securities and Exchange Commission (SEC) has unveiled plans to drive the adoption of International Sustainability Standards Board (ISSB) disclosure frameworks in Nigeria, asserting that alignment with the global standards will strengthen market transparency, reduce information risk, and attract international capital flows into the country’s capital markets. Speaking […]
Afreximbank Delivers HY’2025 Results With Net interest income at $835.9m
African Export-Import Bank Group (Afreximbank/Group) has released its consolidated financial statements for the six months ended 30 June 2025 (H1’2025). Amid heightened geopolitical tensions, persistent inflationary pressures, currency volatility, and tighter global financing conditions, the Afreximbank Group delivered, once again, satisfactory results for the first half of the […]
DMO Warns States Against Over-Borrowing, Advocates PPPs ……Says Nigeria Risks Debt Crisis Without PPPs, Improved Revenues
The Director-General of Nigeria’s Debt Management Office (DMO), Ms. Patience Oniha, has cautioned state governments against excessive borrowing, urging them instead to adopt Public-Private Partnerships (PPPs) and prioritise tax revenue mobilisation to fund infrastructure projects. She warned that without such measures, Nigeria risks sliding into another debt crisis. […]
Nigeria Risks Growth Setback as FDI Slumps Despite Capital Inflows — LCC
The Lagos Chamber of Commerce and Industry (LCCI) has cautioned that Nigeria’s modest progress in easing inflation and attracting capital inflows could be undermined by surging business costs and a steep decline in Foreign Direct Investment (FDI), warning that the economy risks losing growth momentum if structural challenges persist. […]
Nigeria Taps $100m Saudi Nigeria Taps $100m Saudi Livestock Market Through Niger State Through Niger State
Nigeria has secured a major breakthrough in its non-oil export drive as Niger State Governor Mohammed Umaru Bago announced a $100m livestock offtake agreement with the Saudi Export and Import Bank to supply meat and related products to the Middle East. Bago, who made the disclosure at the […]
Breaking: Nigeria’s Inflation Eases to 21.88% in July, Lowest in 13 Months
Nigeria’s headline inflation rate slowed to 21.88% in July 2025, a marginal decline from 22.22% recorded in June, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). The moderation marks the lowest year-on-year inflation level since June 2024, offering tentative relief amid […]
Seplat Energy’s H1 2025 Revenue Hits N2.17trn … Declares US 4.6 Cents Dividend Per Share for the Quarter
Seplat Energy Plc has announced its unaudited results for the six months ended 30 June 2025, recording a revenue of N2.167trn for the period from N575.1bn reported same period last year. Its gross profit soared to N751.2bn from N247.5bn Year-on-Year. Cash generated from its operations for the period grew to […]