By Seun Ibiyemi President Bola Tinubu has nominated Mr. Taiwo Oyedele as Minister of State for Finance, replacing Dr. Doris Uzoka-Anite. Uzoka-Anite has been reassigned to the Ministry of Budget and National Planning as Minister of State, marking her third portfolio in the current administration. Read also:Tinubu to Governors: We will establish State Police to…
By Seun Ibiyemi The Nigerian Railway Corporation (NRC) has increased the number of trips on the Abuja-Kaduna Train Service (AKTS) corridor in response to growing passenger demand. The Chief Public Relations Officer of the corporation, Mr. Callistus Unyimadu, disclosed this in a statement issued on Tuesday in Lagos, noting that the new timetable will take…
Nigeria’s private sector rebounded into expansion in February, as the Purchasing Managers’ Index (PMI) compiled by S&P Global for Stanbic IBTC Bank rose to 53.2 from 49.7 in January, signalling a renewed improvement in business conditions after a brief contraction at the start of the year. The latest PMI reading, released on Monday and endorsed…
By Seun Ibiyemi The Federal Government has directed all Ministries, Departments, and Agencies (MDAs) to strictly comply with the Medium-Term Expenditure Framework (MTEF) as part of efforts to strengthen budget credibility and promote fiscal discipline. Read also:Obasanjo praises Tinubu’s administration, outlines development agenda Secretary to the Government of the Federation, Sen. George Akume, issued the…
By Seun Ibiyemi The Sea and Empowerment Research Centre (SEREC) has warned that Nigeria’s inflation rate could rise by three to five per cent amid the ongoing conflict between the United States and Iran, citing mounting geopolitical and economic risks to global energy and maritime systems. SEREC’s Head of Research, Eugene Nweke, disclosed this in…
By Seun Ibiyemi Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says Nigeria’s net foreign exchange reserves rose to 34.80 billion dollars as at December 2025, marking a sharp increase from previous years. Cardoso disclosed this in a statement issued on Monday in Lagos at the end of the last Monetary Policy Committee…
By Seun Ibiyemi President of the Dangote Group, Aliko Dangote, has announced plans to expand into steel production, electricity generation and port development as part of a sweeping strategy to accelerate industrialisation across Africa. Dangote, whose conglomerate already operates in cement, sugar, salt, fertiliser and petrochemicals, said the move is aimed at deepening Africa’s manufacturing…
By Seun Ibiyemi The Transportation Correspondents Association of Nigeria (TCAN) has commenced preparations for its 2026 Annual Transport Summit scheduled to hold in September in Lagos, with the theme, “Unlocking Economic Growth Through Transportation Logistics.” In a statement released at the weekend, the umbrella body of transport journalists said the summit would bring together key…
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has warned that while the escalating Iran–U.S.–Israel conflict may deliver short-term revenue gains to Nigeria through higher crude oil prices, it also poses significant inflationary and macroeconomic risks that could worsen living conditions for citizens. In a policy brief titled “Implications of the…
By Chika Chukwudi Author of Blue Economy: Gateway to a Sustainable Future and a Staff of the (Nigerian Maritime Administration and Safety Agency NIMASA) At a time when Nigeria is urgently seeking sustainable pathways to economic stability, poverty reduction, and mass job creation, it has become increasingly clear that the nation must rethink its development…
