Tag: Nigerian economy 2025

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Customs records impressive N3.7trn revenue with 25% growth

Damilola - September 4, 2025

Nigeria’s revenue base received a significant boost as the Nigeria Customs Service (NCS) announced it had generated ₦3.7 trillion in the first half of...

Textile Comeback: FG Plots Revival of Kaduna Industry – Akume

Damilola - July 29, 2025

The Federal Government has revealed plans to revive the defunct Kaduna Textile industry in a renewed push for national industrialization and economic diversification. Secretary...

Nigeria’s N372.8tn GDP Rebasing Masks Productivity Woes

Damilola - July 28, 2025

Despite Nigeria's rebased Gross Domestic Product (GDP) jumping to N372.8tn ($243.7bn) in 2024, analysts and economists are raising alarms over persistent productivity challenges and...

Investors Gain N13.2 Trillion in Six Months Amid Market Rally

Damilola - June 30, 2025

The Nigerian stock market witnessed a historic rally in the first half of 2025, recording an impressive gain of N13.2 trillion in market capitalisation—fuelled...

Tinubu, Lawmakers Face Backlash for Extending 2024 Budget Implementation

Damilola - June 25, 2025

President Bola Tinubu and the National Assembly are facing renewed criticism following the second extension of the 2024 budget’s capital component implementation to December...

Weak Judiciary Hampers Recovery of N1.5 Trillion in Bad Loans, Judges Informed

Damilola - June 18, 2025

The Nigerian banking industry has raised alarm over the sluggish judicial process frustrating the recovery of over ₦1.5 trillion in bad loans, with financial...

Petrol Subsidy Removal Yields $84 Billion Gain, Funds 40 New Roads — Report

Damilola - June 9, 2025

The Federal Government of Nigeria has officially confirmed that the controversial removal of the petrol subsidy, initiated by President Bola Tinubu since May 2023,...

South Africa, Egypt, Nigeria Hold One-Third of Africa’s External Debt – Report

Damilola - June 9, 2025

A new report by the African Export-Import Bank (Afreximbank) has revealed that three African economic giants—South Africa, Egypt, and Nigeria—are responsible for more than...

MAN to FG: Enact ‘Nigeria First’ Policy into Law

Damilola - May 30, 2025

The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to urgently enact the ‘Nigeria First’ policy into law, stressing that without...

FG Pledges Strong Support for NIPR to Drive Economic Inclusion

Damilola - May 21, 2025

In a major boost to Nigeria’s economic inclusion agenda, the Federal Government, through the Minister of Information and National Orientation, Alhaji Mohammed Idris, has...