Lagos State Governor Babajide Sanwo-Olu has reaffirmed his administration’s commitment to creating an enabling environment for financial institutions to thrive, describing the sector as a critical driver of economic growth in Lagos and across Nigeria. The governor made this known while receiving the President and Chairman of the Council of the Chartered Institute of Bankers of Nigeria (CIBN), Dr….
Rivers State Governor, Siminalayi Fubara has called on Nigeria’s organised private sector to urgently invest in the country’s blue economy, warning that foreign operators are already taking advantage of its vast marine resources. Speaking at the Annual General Meeting and Conference of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) in…
The World Bank has reaffirmed its forecast that Nigeria’s economy will grow by 3.6% in 2025, maintaining its earlier projection despite shifting global trade dynamics. This projection was outlined in the Bank’s latest Global Economic Prospects report released on Tuesday. The report also revealed that growth forecasts for nearly 70% of global economies — including…
The economy grew by 3.46 per cent in Q32024, with output reaching ₦20.115 trillion, up from 3.19 per cent (₦18.285 trillion) in Q2 2024, driven mainly by the non-oil sector. This was revealed in the Central Bank of Nigeria’s newly released Economic Report for the third quarter of 2024. The report said inflation moderated during…
In the second quarter of 2024, Nigeria grew its Gross Domestic Product (GDP) by 3.19 percent on a year-on-year basis in real terms from the 2.51 percent posted in the same period of last year, and higher than the 2.98 percent achieved in the first quarter of this year. The economic growth recorded by the…
