Tag: Economic reforms

BoI Recapitalisation Urgent as Businesses Face Credit Crunch, NECA Warns

Business Damilola Bayonle -
Nigeria’s organised private sector has intensified calls for urgent reforms in the country’s development finance architecture, warning that the...

Nigeria’s SMEs face N48tn financing gap despite stronger banks, report warns

Business Damilola Bayonle -
Nigeria’s small and medium-sized enterprises (SMEs), widely regarded as the backbone of the economy, are grappling with a massive...

Sugary drinks tax rejection sparks debate as CPPE warns of massive job losses and industry crisis

Business Damilola Bayonle -
Sugary Drinks Tax Rejection Gains Momentum as CPPE Warns of Economic Fallout The debate over the proposed sugary drinks tax...

Nigeria must sustain 12% annual growth to hit $1tn economy target – Finance Minister

Business Damilola Bayonle -
Nigeria needs to grow 12% annual growth to reach $1tn Nigeria must record sustained annual economic growth of between 10...

NESG forecasts 5.5% GDP growth for Nigeria in 2026 as reforms enter critical phase

Business Damilola Bayonle -
The Nigerian Economic Summit Group (NESG) has projected a 5.5 per cent real Gross Domestic Product (GDP) growth for...

Nigerian companies win $2.5bn World Bank contracts, rank among global leaders

Business Damilola Bayonle -
Nigerian companies are increasingly breaking into the global development procurement market, securing contracts worth over $2.5 billion from World...

NESG naira projection gets a boost: N1,480/$ target with $52bn reserves

Business Damilola Bayonle -
Nigeria’s currency and macroeconomic outlook is expected to improve steadily in 2026 as the Nigerian Economic Summit Group (NESG)...

Nigeria capital spending hits 85% after extended 2024 budget — Edun

Business Damilola Bayonle -
Nigeria recorded a significant improvement in fiscal execution in 2024, achieving an 85 per cent performance in capital spending...

Africa’s biggest rate cuts: How Ghana and Egypt led a historic shift in monetary policy

Business Damilola Bayonle -
Africa’s Biggest Rate Cuts Signal New Monetary Policy Cycle Africa’s macroeconomic landscape in 2025 has entered a transition phase, as...

Poverty in Nigeria: Minister’s alarming warning as limited economic returns deepen hardship

Business Damilola Bayonle -
As Nigeria continues to battle widening inequality and declining household welfare, the Minister of Budget and Economic Planning, Senator...

FG launches ministerial project approval board to boost transparency and private-sector growth

Business Damilola Bayonle -
In a move aimed at strengthening transparency, accountability, and private-sector investment, the Federal Government has officially launched the Ministerial...

The business of survival: Inside Nigeria’s growing informal sector

Business Damilola Bayonle -
As Nigeria’s economy continues to evolve under tightening reforms and persistent inflation, a silent majority of the workforce has...