President Bola Tinubu has said his administration took the decision to remove the subsidy on Premium Motor Spirit (PMS) because it would free up resources for critical investments in the country. He also said the courageous steps to reform Nigeria’s macroeconomic environment is focused on restoring confidence in the nation’s economy. Declaring open the 17th Annual Chartered Institute of Bankers …

Lagos State Governor, Mr. Babajide Sanwo-Olu has earned the commendation of the World Bank for the transformation recorded in the State over the last five years. The multilateral institution said the state had not only been implementing programmes targeted at improving the quality of life for residents, but had also progressed in upgrading infrastructure to improve the socio-economic situation in …

Africa 2100 is excited to announce its inaugural Demo Days, showcasing the innovative ideas and entrepreneurial spirit of its first cohort of 25 candidates from Kenya, Ghana, and Nigeria. Scheduled for 12th, 19th and 25th September 2024, these events will highlight the transformative journeys of aspiring entrepreneurs who have participated in our comprehensive training programmes. As the world’s fastest-growing continent, …

The stock market closed bearish last weekend amid energy crises during the week following sharp rises in the price of petrol to between N855 and N1,000 per litre from about N600 per litre, a development that was condemned by the private sector over possible adverse impact on businesses. Analysts opined that the economic reforms of the government, measured by the …

Increased demands for foreign exchange for international travels, school fees, and the planned food import duty waiver have pushed the Naira to a fresh depreciation spree in the week ended. The Nigerian currency, which had opened September on a positive note across the segments of the currency market, weakened by Tuesday on the back of heightened demand. On the unofficial …

In a landmark event chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun that heralds a new era of economic cooperation, Nigeria and China have reaffirmed their commitment to deepening economic cooperation, strengthening bilateral ties and fostering sustainable development. The inaugural China-Nigeria Economic Cooperation and Trade Conference, held alongside the 2024 Forum on …

President Bola Tinubu, on Friday in Beijing, said he was ready to take the hard decisions to move the nation forward, adding that it is not always easy for a leader to have a national consensus on issues. The President stated that when he met with Nigerians living in the People’s Republic of China to round off his official engagements …

Encomiums have continued to pour in on Lagos State Governor, Mr. Babajide Sanwo-Olu, for the sustainable implementation of the ‘Eko Cares’ initiatives aimed at mitigating the current economic challenges experienced not only in the state, but across the country. The ‘Eko Cares’ Initiatives, launched in April this year by the governor, is the umbrella signature for several poverty-alleviating campaigns by …

President Bola Tinubu on Tuesday said his administration remained committed to sustainable growth through the effective implementation of ongoing economic reforms. The President made the remark at a meeting with Chinese President, Xi Jinping, in Beijing, China, said his spokesman, Ajuri Ngelale, in a statement. “We believe that President Xi has demonstrably reformed the Chinese economy, and our reform programme …

In a bid to address the economic challenges currently facing Nigeria, a public affairs analyst, Okanlawon Olanrewaju, has urged the federal government to reassess its policies, particularly those related to petrol and electricity. Olanrewaju made this call during an interview on our correspondent, Oluwasemiloore Ige,  where he emphasized the critical role of petrol and electricity as the major determinants of …