The Nigerian economy is estimated to have grown by about 3.7 per cent in the first half of 2025, driven by improved business conditions and increased oil production. This was revealed in the Stanbic IBTC Bank Nigeria Purchasing Managers’ Index (PMI) report compiled by S&P Global and released on Tuesday. The PUNCH recently reported that the World Bank reaffirmed its …

Governor Chukwuma Soludo of Anambra State has declared that President Bola Tinubu’s administration salvaged Nigeria’s public finances from the brink of collapse. In an address delivered on 12 June at The Platform Nigeria, hosted by Pastor Poju Oyemade and The Covenant Nation, Governor Soludo praised President Tinubu’s economic reforms. He called for a nationwide ethical and ideological rebirth to drive …

Financial Secretary Paul Chan Mo-po anticipates sustained robust performance for Hong Kong stocks this year, emphasizing the government’s commitment to financial security and its non-interventionist market approach

The Minister of Budget and Economic Planning, Atiku Bagudu says President Bola Tinubu’s administration has implemented bold reforms that have positioned the nation’s economy for sustained recovery and growth despite short-term pain. The minister said this while addressing State House correspondents after a courtesy call on President Tinubu at his Lagos residence on Saturday night. Bagudu commended the administration’s economic …

As Nigeria marks two years under the leadership of President Bola Tinubu, I believe it is important to reflect, not from the lens of politics, but from the perspective of business, of industry, and of the economy. I speak not only as the Chairman of BUA Group — one of Africa’s largest conglomerates — but also as someone who has …

President Bola Tinubu, on Thursday, urged the new Nigerian National Petroleum Company Limited (NNPCL) board to consolidate the gains of the ongoing economic reforms. In a statement by the presidential spokesman, Bayo Onanuga, the President said the reforms have attracted commendations for the resilience and competitiveness of the Nigerian economy. Speaking at the inauguration of the NNPCL board at the …

Dangote Petroleum Refinery and Petrochemicals has reaffirmed its commitment to maintaining stable petrol prices, even as global crude oil prices continue to fluctuate. The affirmation is contained in a statement on Monday in Lagos by the Group Chief Branding and Communications Officer of the company, Mr Anthony Chiejina. Chiejina stated that the company has consistently reduced the price of Premium …

PwC Nigeria has released the Nigerian findings of its 28th Annual Global CEO Survey, offering insights into business leaders’ perspectives across industries. The report highlights optimism, with 61% of Nigerian CEOs expecting global economic growth to improve and 64% anticipating positive shifts in Nigeria’s economy in 2025. Reflecting a commitment to strategic reinvention, 61% have expanded into new sectors over …

The African Development Bank (AfDB) Group has approved a new five-year Country Strategy Paper for Nigeria, committing about $650 million annually between 2025 and 2030 to drive economic transformation, build resilience, and foster broad-based prosperity. The Bank disclosed this in a statement published on its website on Thursday, saying that $2.95 billion would be provided over the first four years …

Oyo State government has pledged to boost the state’s economy through the promotion of the local ‘tie-and-dye’ – adire industry. The Commissioner for Culture and Tourism in the state, Dr. Wasiu Olatunbosun stated this at a stakeholders’ meeting ahead of the anticipated 2025 Adire Expo scheduled to hold in Ibadan. Olatubosun said the event will reflects Governor Seyi Makinde-led administration’s …