Anna Bjerde, managing director of operations at the World Bank, says Nigeria has become a frequent global reference point for economic reforms. Bjerde spoke on Tuesday during a special visit to President Bola Tinubu at the State House in Abuja. World Bank Praises Reform Direction Bjerde said Nigeria often comes up in her discussions with…
In 2025, Africa achieved remarkable solar growth, led by South Africa and Nigeria. These two nations drove new capacity additions, policy advancements, and private sector investments. This progress aligns with the findings of the Africa Market Outlook for Solar PV: 2026–2029 report, released by the Global Solar Council (GSC) on Tuesday. The surge reflects a broader continental…
In 2025, Transcorp Hotels achieved a pretax profit of N32.8 billion, marking a 45.1% increase from the previous year. This growth is drives a 38.36% rise in revenue, reaching N97 billion. The company’s performance boosted by the reversal of a financial asset impairment loss. A previous loss of N69.1 million turned into a gain of N16.5 million, alongside reduced finance costs….
Three companies under Dangote Group strengthen their gas supply agreement with units of Nigerian National Petroleum Company Ltd (NNPC Ltd). These agreements aim to support their growth strategies while aligning with Nigeria’s transition to cleaner energy and industrialization. The announcement made during the launch of the Nigeria Gas Master Plan 2026 in Abuja on Friday….
Peter Obi, former presidential candidate of the Labour Party, has criticised the federal government’s budgeting approach, warning that Nigeria is sliding into fiscal opacity. He said overlapping budgets have weakened transparency and undermined fiscal discipline. Overlapping Budget In a post on X on Monday, Obi questioned which budget Nigeria is currently implementing. His comment followed…
First HoldCo Plc Chairman Femi Otedola has attributed the decline in profit for 2025 at First HoldCo to a planned N748 billion one-time impairment aimed at writing off bad loans on the balance sheet and strengthening the bank. Otedola provided this clarification in a statement shared on his X page. This situation arose because the…
Kevin Warsh, nominated by US President Donald Trump to lead the Federal Reserve, may increase pressure on the Nigerian naira. Trump announced Warsh’s nomination on Friday. He is expected to replace current Fed Chair Jerome Powell when his term ends in May. Almost immediately, financial markets reacted. Dollar strengthens on Warsh nomination Following the announcement,…
Governor Chukwuma Charles Soludo met with market leaders from across Anambra State in Awka. He aimed to address the recent closure of Onitsha Main Market and the ongoing Monday sit-at-home practice that hurt business in the Southeast. Soludo declared that all markets and shops must open every working day, including Mondays. Directive for Full Operations…
Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has called on Nigerians to comply with the law by filing their annual tax returns before the March 31 deadline. He said both employers and individual taxpayers have a legal obligation to file returns, regardless of income level. Oyedele said this during…
