By Lucy Ogalue The African Development Bank (AfDB), has advised African countries, including Nigeria, to ensure that borrowed funds are invested in productive assets capable of generating economic growth and improving living standards. Prof Kevin Urama, AfDB’s Chief Economist/Vice President for the Economic Governance & Knowledge Management, gave the adviceContinue Reading
By Lucy Ogalue An Economic Expert, Prof. Kevin Urama, says Nigeria can unlock substantial resources for development by leveraging pension funds, sovereign wealth assets and other domestic institutional investors. Urama, the African Development Bank (AfDB) Chief Economist and Vice President for the Economic Governance and Knowledge Management, said this inContinue Reading
By Adeola Akinbobola The Executive Director, Trustlink Insurance Brokers, Mr Amos Odeh, has raised concerns that insurance penetration in Nigeria remains below one per cent of the country’s Gross Domestic Product (GDP). Odeh made the disclosure in an interview with the News Agency of Nigeria (NAN) in Abuja on Wednesday.Continue Reading
By Okeoghene Akubuike The National Bureau of Statistics (NBS), says prices of tomatoes, beans, garri, onions, ginger, and other food items witnessed a month-on-month increase in April 2026. The NBS said this in its Selected Food Prices Watch report for April 2026 released in Abuja on Tuesday. The report statedContinue Reading
By Constance Athekame The Nigerian Electricity Management Services Agency (NEMSA), with support from the German Government and the European Union (EU), on Tuesday inaugurated the National Guidelines for Interconnecting Solar Mini-Grids to Distribution Networks in Abuja. The initiative, implemented through the Nigerian Energy Support Programme (NESP), is expected to strengthenContinue Reading
By Lucy Ogalue Dr Chris Ndibe, former General Manager of the Calabar Free Trade Zone, has called for the urgent review of Nigeria’s Free Zones Act, describing it as outdated and unsuitable for current economic realities in the country. He made the call in Abuja at the launch of twoContinue Reading
By Ginika Okoye A former Director-General of the Securities and Exchange Commission (SEC), Malam Lamido Yuguda, has called on the government to align Public-Private Partnerships (PPPs) with monetary policy objectives to achieve better economic outcomes. Yuguda, currently Deputy Governor of the Central Bank of Nigeria (CBN), made the call atContinue Reading
Empowering the Last Mile: How OPay Is Expanding Financial Access Across Nigeria By James Abiodun In a small community market in northern Nigeria, a trader receives payment for goods through a mobile transfer instead of cash. In a rural town in the South-West, a young Point-of-Sale (PoS) agent helps residentsContinue Reading
By Lucy Ogalue Free Trade Zones (FTZs) are essential to driving Nigeria’s industrialisation and maximising gains from the African Continental Free Trade Area (AfCFTA). An expert, Dr Chris Ndibe, said this at the launch of his books, “Reimagining Free Trade Zones in Nigeria” and “Accelerating Growing Economies Through Free TradeContinue Reading
By Funmilola Gboteku The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has commended the Federal Competition and Consumer Protection Commission (FCCPC) for restoring airtime credit services across major networks. Mr Gbenga Adebayo, Chairman of ALTON, said this in a statement on Monday, describing the commission’s suspension of Digital, Electronic,Continue Reading
