economy – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Tue, 24 Feb 2026 15:06:05 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png economy – InfoStride News https://www.theinfostride.com 32 32 NESG Pushes for Stronger Growth Policies to Secure Nigeria’s Economic Stability https://www.theinfostride.com/nesg-pushes-for-stronger-growth-policies-to-secure-nigerias-economic-stability/ https://www.theinfostride.com/nesg-pushes-for-stronger-growth-policies-to-secure-nigerias-economic-stability/#respond Wed, 25 Feb 2026 14:14:01 +0000 https://www.theinfostride.com/?p=466167 The Nigerian Economic Summit Group (NESG) has urged the federal government to strengthen its reform momentum and prioritize economic stabilization strategies that will not only safeguard current gains but also set the stage for sustainable long-term growth. Speaking at the mid-year Private Sector Forum for 2025, the policy advocacy group outlined three key pillars that [...]

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]]> https://www.theinfostride.com/nesg-pushes-for-stronger-growth-policies-to-secure-nigerias-economic-stability/feed/ 0 FCMB Group Unveils Plans for Equity Capital Injection https://www.theinfostride.com/fcmb-group-unveils-plans-for-equity-capital-injection/ https://www.theinfostride.com/fcmb-group-unveils-plans-for-equity-capital-injection/#respond Wed, 25 Feb 2026 10:36:47 +0000 https://www.theinfostride.com/?p=465818 First City Monument Bank (FCMB) Group has announced plans to raise additional equity capital as part of its strategy to strengthen its balance sheet and support business expansion. The financial services holding company disclosed the proposal following a review of its growth agenda and capital adequacy requirements in line with prevailing market conditions and regulatory [...]

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]]> https://www.theinfostride.com/fcmb-group-unveils-plans-for-equity-capital-injection/feed/ 0 Foreign Direct Investment Recovers as Nigeria Draws $720m in Q3 https://www.theinfostride.com/foreign-direct-investment-recovers-as-nigeria-draws-720m-in-q3/ https://www.theinfostride.com/foreign-direct-investment-recovers-as-nigeria-draws-720m-in-q3/#respond Tue, 24 Feb 2026 14:52:19 +0000 https://www.theinfostride.com/?p=474593 Nigeria recorded a rebound in foreign direct investment in the third quarter, attracting about $720 million in capital inflows, signalling renewed investor interest amid ongoing macroeconomic and structural reforms. The improvement marks a positive shift after periods of subdued investment driven by policy uncertainty, foreign exchange constraints and global economic headwinds. According to official data, [...]

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]]> https://www.theinfostride.com/foreign-direct-investment-recovers-as-nigeria-draws-720m-in-q3/feed/ 0 World Bank Calls for Stronger Trade Standards to Drive Economic Growth https://www.theinfostride.com/world-bank-calls-for-stronger-trade-standards-to-drive-economic-growth/ https://www.theinfostride.com/world-bank-calls-for-stronger-trade-standards-to-drive-economic-growth/#respond Tue, 24 Feb 2026 14:45:08 +0000 https://www.theinfostride.com/?p=474589 The World Bank has urged countries, particularly developing economies, to strengthen trade standards as a critical pathway to boosting economic growth, improving competitiveness and expanding access to global markets. The multilateral lender said weak standards and regulatory gaps continue to limit trade potential and undermine industrial development in many emerging economies. According to the World [...]

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]]> https://www.theinfostride.com/world-bank-calls-for-stronger-trade-standards-to-drive-economic-growth/feed/ 0 Manufacturers Record Weak Growth as Sector Credit Falls by N7.72tn Amid Economic Headwinds https://www.theinfostride.com/manufacturers-record-weak-growth-as-sector-credit-falls-by-n7-72tn-amid-economic-headwinds/ https://www.theinfostride.com/manufacturers-record-weak-growth-as-sector-credit-falls-by-n7-72tn-amid-economic-headwinds/#respond Sat, 31 Jan 2026 19:00:42 +0000 https://www.theinfostride.com/?p=470385 Nigeria’s manufacturing sector has continued to face mounting challenges as credit to manufacturers dropped sharply by N7.72 trillion between January and September 2025, resulting in fragile growth across key industrial segments. Despite government efforts to stimulate local production and ease credit conditions, rising interest rates, exchange rate volatility, and persistent inflation have combined to strain [...]

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]]> https://www.theinfostride.com/manufacturers-record-weak-growth-as-sector-credit-falls-by-n7-72tn-amid-economic-headwinds/feed/ 0 Nigeria’s Economy Expands by 4.23% in Q2 2025, Says NBS https://www.theinfostride.com/nigerias-economy-expands-by-4-23-in-q2-2025-says-nbs/ https://www.theinfostride.com/nigerias-economy-expands-by-4-23-in-q2-2025-says-nbs/#respond Wed, 28 Jan 2026 17:00:08 +0000 https://www.theinfostride.com/?p=467025 Nigeria’s economy recorded a growth rate of 4.23 percent in the second quarter of 2025, according to the National Bureau of Statistics (NBS). The latest data reflect a continuation of the country’s economic rebound, with both oil and non-oil sectors contributing significantly to the expansion. The report has been welcomed by policymakers and private sector [...]

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]]> https://www.theinfostride.com/nigerias-economy-expands-by-4-23-in-q2-2025-says-nbs/feed/ 0 FCMB Group Reports Gross Earnings of ₦529.2 Billion https://www.theinfostride.com/fcmb-group-reports-gross-earnings-of-%e2%82%a6529-2-billion/ https://www.theinfostride.com/fcmb-group-reports-gross-earnings-of-%e2%82%a6529-2-billion/#respond Wed, 28 Jan 2026 12:00:12 +0000 https://www.theinfostride.com/?p=463556 FCMB Group, one of Nigeria’s leading financial conglomerates, has announced gross earnings totaling ₦529.2 billion in its recent financial results, underlining strong performance across its banking, wealth management, and investment operations. This marks a significant growth trajectory for the Group amid challenging macroeconomic conditions. The reported figure represents an impressive year-on-year increase, driven by higher [...]

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]]> https://www.theinfostride.com/fcmb-group-reports-gross-earnings-of-%e2%82%a6529-2-billion/feed/ 0 Naira Stabilizes as 1,350 Vehicles Dock at PTML Over Two Days https://www.theinfostride.com/naira-stabilizes-as-1350-vehicles-dock-at-ptml-over-two-days/ https://www.theinfostride.com/naira-stabilizes-as-1350-vehicles-dock-at-ptml-over-two-days/#respond Wed, 28 Jan 2026 07:52:56 +0000 https://www.theinfostride.com/?p=462949 Nigeria’s recent efforts to stabilize the naira appear to be gaining traction, with a notable surge in vehicle imports underscoring renewed business confidence. Over just two days, 1,350 fully assembled units arrived at the Port of Tin Can Island’s Motorpark Logistics terminal (PTML), signaling an uptick in economic activity anchored on currency steadiness. Industry insiders [...]

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]]> https://www.theinfostride.com/naira-stabilizes-as-1350-vehicles-dock-at-ptml-over-two-days/feed/ 0 Banks, Insurance and Financial Institutions Contribute ₦1.77 Trillion to Economy in Q1 2025 https://www.theinfostride.com/banks-insurance-and-financial-institutions-contribute-%e2%82%a61-77-trillion-to-economy-in-q1-2025/ https://www.theinfostride.com/banks-insurance-and-financial-institutions-contribute-%e2%82%a61-77-trillion-to-economy-in-q1-2025/#respond Thu, 22 Jan 2026 23:59:52 +0000 https://www.theinfostride.com/?p=463188 Nigeria’s banking and insurance sectors, along with other financial institutions, collectively contributed an estimated ₦1.77 trillion to the national economy in the first quarter of 2025, underscoring their growing importance across finance and industry. Data from regulatory and market sources reveal that the banking industry remained the main driver of this contribution. Profits, interest earnings, [...]

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]]> https://www.theinfostride.com/banks-insurance-and-financial-institutions-contribute-%e2%82%a61-77-trillion-to-economy-in-q1-2025/feed/ 0 Nigeria’s Industrialisation Faces Risks Amid Weak Manufacturing and Agriculture Output https://www.theinfostride.com/nigerias-industrialisation-faces-risks-amid-weak-manufacturing-and-agriculture-output/ https://www.theinfostride.com/nigerias-industrialisation-faces-risks-amid-weak-manufacturing-and-agriculture-output/#respond Thu, 22 Jan 2026 11:15:34 +0000 https://www.theinfostride.com/?p=465908 Nigeria’s drive toward industrialisation is facing significant headwinds as the country’s manufacturing and agricultural sectors continue to struggle under the weight of macroeconomic challenges, threatening growth, job creation, and long-term economic stability. Analysts and industry stakeholders warn that without urgent reforms, Nigeria’s industrial ambitions could stall, deepening poverty levels and widening the unemployment gap. Recent [...]

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]]> https://www.theinfostride.com/nigerias-industrialisation-faces-risks-amid-weak-manufacturing-and-agriculture-output/feed/ 0 Enugu Inaugurates Council to Drive $30 Billion Economy https://www.theinfostride.com/enugu-inaugurates-council-to-drive-30-billion-economy/ https://www.theinfostride.com/enugu-inaugurates-council-to-drive-30-billion-economy/#respond Mon, 12 Jan 2026 19:34:32 +0000 https://www.theinfostride.com/?p=419996 Enugu State has launched a bold initiative aimed at transforming its economy from $4.4 billion to an ambitious $30 billion target. This step came with the inauguration of the Enugu State Ease-of-Doing-Business Council, a 25-member body tasked with creating a more investor-friendly environment and accelerating economic growth across the state. Governor Peter Mbah, who led [...]

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]]> https://www.theinfostride.com/enugu-inaugurates-council-to-drive-30-billion-economy/feed/ 0 CBN Courts Global Investors Through Wide-Ranging Economic and Financial Reforms https://www.theinfostride.com/cbn-courts-global-investors-through-wide-ranging-economic-and-financial-reforms/ https://www.theinfostride.com/cbn-courts-global-investors-through-wide-ranging-economic-and-financial-reforms/#respond Wed, 24 Dec 2025 14:45:02 +0000 https://www.theinfostride.com/?p=474100 The Central Bank of Nigeria has intensified efforts to attract global investors by rolling out a series of far-reaching reforms aimed at restoring confidence in the country’s financial system and improving the overall investment climate. The reforms, which span the foreign exchange market, monetary policy operations and banking sector regulation, signal the apex bank’s determination [...]

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]]> https://www.theinfostride.com/cbn-courts-global-investors-through-wide-ranging-economic-and-financial-reforms/feed/ 0 Experts Raise Productivity Concerns Despite Nigeria’s ₦372.8 Trillion Rebasing https://www.theinfostride.com/experts-raise-productivity-concerns-despite-nigerias-%e2%82%a6372-8-trillion-rebasing/ https://www.theinfostride.com/experts-raise-productivity-concerns-despite-nigerias-%e2%82%a6372-8-trillion-rebasing/#respond Wed, 24 Dec 2025 11:29:22 +0000 https://www.theinfostride.com/?p=463344 Nigeria’s rebasing of its Gross Domestic Product (GDP) to ₦372.8 trillion has been hailed as a landmark achievement in economic statistics, positioning the country as Africa’s largest economy. But despite the recalculated economic size, experts are flagging serious concerns over underlying productivity levels, warning that headline growth may mask structural inefficiencies threatening long-term development and [...]

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]]> https://www.theinfostride.com/experts-raise-productivity-concerns-despite-nigerias-%e2%82%a6372-8-trillion-rebasing/feed/ 0 Nigeria’s Real estate sector Grows to ₦41.3tn, Driving Economic Expansion https://www.theinfostride.com/nigerias-real-estate-sector-grows-to-%e2%82%a641-3tn-driving-economic-expansion/ https://www.theinfostride.com/nigerias-real-estate-sector-grows-to-%e2%82%a641-3tn-driving-economic-expansion/#respond Wed, 24 Dec 2025 10:48:06 +0000 https://www.theinfostride.com/?p=463324 Nigeria’s real estate sector has witnessed a remarkable upturn, surging to a market value of ₦41.3 trillion in the first quarter of 2025, according to recent data from the National Bureau of Statistics (NBS). This expansion not only underscores the sector’s resilience amid economic headwinds but also highlights its increasingly pivotal role in national economic [...]

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]]> https://www.theinfostride.com/nigerias-real-estate-sector-grows-to-%e2%82%a641-3tn-driving-economic-expansion/feed/ 0 CBN Says Ongoing Monetary Reforms Are Driving Inflation Moderation and Stabilising Foreign Exchange Market https://www.theinfostride.com/cbn-says-ongoing-monetary-reforms-are-driving-inflation-moderation-and-stabilising-foreign-exchange-market/ https://www.theinfostride.com/cbn-says-ongoing-monetary-reforms-are-driving-inflation-moderation-and-stabilising-foreign-exchange-market/#respond Sun, 23 Nov 2025 16:23:19 +0000 https://www.theinfostride.com/?p=472187 The Central Bank of Nigeria (CBN) has stated that its recent monetary reforms are beginning to yield positive outcomes, citing early signs of easing inflationary pressures and improving stability in the foreign exchange market. According to the apex bank, the policy measures introduced over the past months—including tightened monetary conditions, improved liquidity management, enhanced market [...]

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]]> https://www.theinfostride.com/cbn-says-ongoing-monetary-reforms-are-driving-inflation-moderation-and-stabilising-foreign-exchange-market/feed/ 0 Oyetola Praises Coastal Highway Project as Economic Lifeline for Nigeria https://www.theinfostride.com/oyetola-praises-coastal-highway-project-as-economic-lifeline-for-nigeria/ https://www.theinfostride.com/oyetola-praises-coastal-highway-project-as-economic-lifeline-for-nigeria/#respond Tue, 04 Nov 2025 14:47:24 +0000 https://www.theinfostride.com/?p=470770 Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola, has described the ongoing Lagos–Calabar Coastal Highway project as a major economic lifeline that will reshape the nation’s transport and maritime landscape, enhance trade, and drive inclusive development across the coastal states. Oyetola made the remark during an inspection tour of sections of the project and [...]

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]]> https://www.theinfostride.com/oyetola-praises-coastal-highway-project-as-economic-lifeline-for-nigeria/feed/ 0 CBN Injects $1.25bn Into Fuel Import and Critical Sectors to Stabilize the Economy https://www.theinfostride.com/cbn-injects-1-25bn-into-fuel-import-and-critical-sectors-to-stabilize-the-economy/ https://www.theinfostride.com/cbn-injects-1-25bn-into-fuel-import-and-critical-sectors-to-stabilize-the-economy/#respond Wed, 29 Oct 2025 13:54:32 +0000 https://www.theinfostride.com/?p=470311 The Central Bank of Nigeria (CBN) has injected $1.25 billion into the economy to support fuel imports and other critical sectors, a move aimed at stabilizing the foreign exchange market and ensuring adequate supply of essential commodities. The intervention, which comes amid growing pressure on the naira and persistent energy supply challenges, underscores the apex [...]

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]]> https://www.theinfostride.com/cbn-injects-1-25bn-into-fuel-import-and-critical-sectors-to-stabilize-the-economy/feed/ 0 Nigeria’s Economic Recovery Gathers Momentum — Edun https://www.theinfostride.com/nigerias-economic-recovery-gathers-momentum-edun/ https://www.theinfostride.com/nigerias-economic-recovery-gathers-momentum-edun/#respond Mon, 27 Oct 2025 13:14:17 +0000 https://www.theinfostride.com/?p=470153 Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has declared that the nation’s economic recovery has officially begun, following months of consistent policy reforms and fiscal adjustments introduced by the administration of President Bola Ahmed Tinubu. Speaking during a recent media briefing in Abuja, Edun said key indicators show that Nigeria’s [...]

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]]> https://www.theinfostride.com/nigerias-economic-recovery-gathers-momentum-edun/feed/ 0 Government nears 15% inflation goal, drawing economists’ commentary https://www.theinfostride.com/government-nears-15-inflation-goal-drawing-economists-commentary/ https://www.theinfostride.com/government-nears-15-inflation-goal-drawing-economists-commentary/#respond Fri, 17 Oct 2025 18:19:20 +0000 https://www.theinfostride.com/?p=469323 Nigeria appears to be making progress toward its goal of reducing inflation to 15 percent, as recent data from the National Bureau of Statistics (NBS) show a sustained moderation in price pressures across key sectors of the economy. The development has been met with cautious optimism among economists, who acknowledge the government’s progress but warn [...]

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]]> https://www.theinfostride.com/government-nears-15-inflation-goal-drawing-economists-commentary/feed/ 0 Nigeria Missing as IMF Lists Africa’s Fastest-Growing Economies https://www.theinfostride.com/nigeria-missing-as-imf-lists-africas-fastest-growing-economies/ https://www.theinfostride.com/nigeria-missing-as-imf-lists-africas-fastest-growing-economies/#respond Fri, 17 Oct 2025 16:40:41 +0000 https://www.theinfostride.com/?p=469310 The International Monetary Fund (IMF) has released its latest economic outlook for Africa, highlighting several countries that are projected to record strong growth in 2025 — but notably, Nigeria, the continent’s largest economy, is missing from the list. The omission has sparked fresh conversations among analysts about the structural challenges weighing on Nigeria’s economic performance [...]

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]]> https://www.theinfostride.com/nigeria-missing-as-imf-lists-africas-fastest-growing-economies/feed/ 0 Cardoso Reaffirms CBN’s Commitment to Price and Monetary Stability https://www.theinfostride.com/cardoso-reaffirms-cbns-commitment-to-price-and-monetary-stability/ https://www.theinfostride.com/cardoso-reaffirms-cbns-commitment-to-price-and-monetary-stability/#respond Wed, 08 Oct 2025 16:54:13 +0000 https://www.theinfostride.com/?p=468562 The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has reiterated the apex bank’s unwavering commitment to achieving and maintaining price stability as a cornerstone of Nigeria’s economic recovery efforts. Speaking during an engagement with financial stakeholders in Abuja, Cardoso emphasized that the CBN remains resolute in implementing monetary policies aimed at [...]

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]]> https://www.theinfostride.com/cardoso-reaffirms-cbns-commitment-to-price-and-monetary-stability/feed/ 0 CBN Reaffirms Commitment to Economic Stability, Cardoso Assures in Kano https://www.theinfostride.com/cbn-reaffirms-commitment-to-economic-stability-cardoso-assures-in-kano/ https://www.theinfostride.com/cbn-reaffirms-commitment-to-economic-stability-cardoso-assures-in-kano/#respond Wed, 17 Sep 2025 14:45:22 +0000 https://www.theinfostride.com/?p=466742 The Central Bank of Nigeria (CBN) has reiterated its determination to safeguard economic stability and strengthen the financial sector, with Governor Olayemi Cardoso assuring Nigerians that ongoing reforms are already yielding positive results. Speaking at an event in Kano, Cardoso stressed that the apex bank remains focused on restoring confidence in the financial system, stabilising [...]

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]]> https://www.theinfostride.com/cbn-reaffirms-commitment-to-economic-stability-cardoso-assures-in-kano/feed/ 0 $1 Trillion Economy Goal Nigeria Needs 21.9% Growth, N1,500/$ Exchange Rate — Afrinvest https://www.theinfostride.com/1-trillion-economy-goal-nigeria-needs-21-9-growth-n1500-exchange-rate-afrinvest/ https://www.theinfostride.com/1-trillion-economy-goal-nigeria-needs-21-9-growth-n1500-exchange-rate-afrinvest/#respond Mon, 15 Sep 2025 18:13:53 +0000 https://www.theinfostride.com/?p=466648 Nigeria’s ambition to achieve a $1 trillion economy by the end of the decade will require a minimum of 21.9% annual economic growth, with an exchange rate of about N1,500 to the US dollar, according to projections from Afrinvest, a leading investment and financial advisory firm. The projection underscores both the scale of the country’s [...]

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]]> https://www.theinfostride.com/1-trillion-economy-goal-nigeria-needs-21-9-growth-n1500-exchange-rate-afrinvest/feed/ 0 SEC Director General to deliver keynote address at the Comercio Economic Outlook conference https://www.theinfostride.com/sec-director-general-to-deliver-keynote-address-at-the-comercio-economic-outlook-conference/ https://www.theinfostride.com/sec-director-general-to-deliver-keynote-address-at-the-comercio-economic-outlook-conference/#respond Mon, 21 Jul 2025 16:58:30 +0000 https://www.theinfostride.com/?p=462556 The Director General of the Securities and Exchange Commission (SEC) has been confirmed as the keynote speaker at the upcoming Comercio Economic Outlook conference, signaling the event’s importance and the regulator’s support for forward-looking economic discourse in Nigeria. The announcement underscores the SEC’s commitment to engaging with the broader financial and investment community at a [...]

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]]> https://www.theinfostride.com/sec-director-general-to-deliver-keynote-address-at-the-comercio-economic-outlook-conference/feed/ 0 The Economist criticizes Buhari’s legacy, says he missed opportunities to transform Nigeria https://www.theinfostride.com/the-economist-criticizes-buharis-legacy-says-he-missed-opportunities-to-transform-nigeria/ https://www.theinfostride.com/the-economist-criticizes-buharis-legacy-says-he-missed-opportunities-to-transform-nigeria/#respond Sat, 19 Jul 2025 15:17:00 +0000 https://www.theinfostride.com/?p=462395 Former Nigerian President Muhammadu Buhari’s legacy has come under renewed scrutiny following a critical article by The Economist, which claims that he missed two historic opportunities to build a stronger, more unified, and prosperous Nigeria. The British publication, known for its detailed political and economic analyses, argued that Buhari’s leadership — both as military ruler [...]

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]]> https://www.theinfostride.com/the-economist-criticizes-buharis-legacy-says-he-missed-opportunities-to-transform-nigeria/feed/ 0 Organised Private Sector credits Buhari with pursuing reforms amid economic challenges https://www.theinfostride.com/organised-private-sector-credits-buhari-with-pursuing-reforms-amid-economic-challenges/ https://www.theinfostride.com/organised-private-sector-credits-buhari-with-pursuing-reforms-amid-economic-challenges/#respond Wed, 16 Jul 2025 11:54:59 +0000 https://www.theinfostride.com/?p=462131 The Organised Private Sector (OPS) has acknowledged former President Muhammadu Buhari’s efforts in driving Nigeria’s reform agenda despite facing significant economic turbulence during his administration. According to key stakeholders within the OPS, Buhari demonstrated a firm commitment to structural changes that sought to reposition the country’s economy for long-term stability, even as global and domestic [...]

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]]> https://www.theinfostride.com/organised-private-sector-credits-buhari-with-pursuing-reforms-amid-economic-challenges/feed/ 0 Nigeria’s Economic Performance Under Review Amid Ongoing Challenges https://www.theinfostride.com/nigerias-economic-performance-under-review-amid-ongoing-challenges/ https://www.theinfostride.com/nigerias-economic-performance-under-review-amid-ongoing-challenges/#respond Wed, 04 Jun 2025 23:46:14 +0000 https://www.theinfostride.com/?p=447737 A recent economic report has offered a mixed assessment of Nigeria’s current economic performance, highlighting both signs of recovery and persistent structural challenges. The report, compiled by a team of local economists and analysts, examines the country’s fiscal health, inflation trends, and GDP growth over the past year. According to the report, Nigeria’s Gross Domestic [...]

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]]> https://www.theinfostride.com/nigerias-economic-performance-under-review-amid-ongoing-challenges/feed/ 0 Tinubu Leading Economy Toward Recovery, Says Bagudu https://www.theinfostride.com/tinubu-leading-economy-toward-recovery-says-bagudu/ https://www.theinfostride.com/tinubu-leading-economy-toward-recovery-says-bagudu/#respond Wed, 22 Jan 2025 21:01:09 +0000 https://www.theinfostride.com/?p=401443 Kebbi State Governor, Atiku Bagudu, has lauded President Bola Ahmed Tinubu’s economic policies, asserting they have set Nigeria on the right path to recovery and growth. Bagudu highlighted key reforms under Tinubu’s administration, emphasizing their potential to stabilize the economy and attract investments. Speaking at a recent event, Bagudu pointed to the removal of fuel [...]

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]]> https://www.theinfostride.com/tinubu-leading-economy-toward-recovery-says-bagudu/feed/ 0 Seasonal Businesses Drive Economic Growth and Family Support, Say Analysts https://www.theinfostride.com/seasonal-businesses-drive-economic-growth-and-family-support-say-analysts/ https://www.theinfostride.com/seasonal-businesses-drive-economic-growth-and-family-support-say-analysts/#respond Mon, 30 Dec 2024 20:00:42 +0000 https://www.theinfostride.com/?p=399265 Seasonal businesses play a critical role in bolstering Nigeria’s economy and providing income opportunities for families, according to economic analysts. These businesses, which thrive during specific periods such as festive seasons, agricultural harvests, and school reopening periods, offer significant contributions to both local economies and individual livelihoods. Analysts highlighted that seasonal businesses, ranging from retail [...]

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]]> https://www.theinfostride.com/seasonal-businesses-drive-economic-growth-and-family-support-say-analysts/feed/ 0 Tinubu: Nigeria’s $1 Trillion Economy Ambition Achievable https://www.theinfostride.com/tinubu-nigerias-1-trillion-economy-ambition-achievable/ https://www.theinfostride.com/tinubu-nigerias-1-trillion-economy-ambition-achievable/#respond Tue, 26 Nov 2024 18:55:44 +0000 https://www.theinfostride.com/?p=395787 President Bola Ahmed Tinubu has expressed confidence in Nigeria’s ability to transform into a $1 trillion economy through strategic reforms and sustained investments. Speaking at a high-level economic forum in Abuja, the President outlined his administration’s vision for unlocking Nigeria’s vast economic potential and positioning it as a leading player in Africa and the global [...]

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]]> https://www.theinfostride.com/tinubu-nigerias-1-trillion-economy-ambition-achievable/feed/ 0 Strengthen Diplomatic Presence to Boost Nigeria’s Economy, Experts Advise https://www.theinfostride.com/strengthen-diplomatic-presence-to-boost-nigerias-economy-experts-advise/ https://www.theinfostride.com/strengthen-diplomatic-presence-to-boost-nigerias-economy-experts-advise/#respond Sun, 10 Nov 2024 18:43:47 +0000 https://www.theinfostride.com/?p=393504 Economic and diplomatic experts are urging the Nigerian government to enhance its diplomatic footprint globally to support economic growth and attract foreign investments. This push for a more robust international presence aligns with Nigeria’s aspirations to diversify its economy, bolster international trade, and improve investor confidence amidst changing global market dynamics. Diplomacy as a Tool [...]

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]]> https://www.theinfostride.com/strengthen-diplomatic-presence-to-boost-nigerias-economy-experts-advise/feed/ 0 Atiku Criticizes Tinubu’s Economic Policies, Labels Them as Shambolic https://www.theinfostride.com/atiku-criticizes-tinubus-economic-policies-labels-them-as-shambolic/ https://www.theinfostride.com/atiku-criticizes-tinubus-economic-policies-labels-them-as-shambolic/#respond Tue, 05 Nov 2024 10:00:43 +0000 https://www.theinfostride.com/?p=393168 Former presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, on Monday, criticized President Bola Tinubu’s economic policies, describing them as a “shambolic bolekaja” approach. In a statement he personally signed, Atiku accused Tinubu’s administration of relying on what he called a “Tea-plan” that he claimed would only lead to “T-pain.” He contrasted Tinubu’s [...]

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]]> https://www.theinfostride.com/atiku-criticizes-tinubus-economic-policies-labels-them-as-shambolic/feed/ 0 Current Reforms Set the Stage for New Economic Growth, Says Cardoso https://www.theinfostride.com/current-reforms-set-the-stage-for-new-economic-growth-says-cardoso/ https://www.theinfostride.com/current-reforms-set-the-stage-for-new-economic-growth-says-cardoso/#respond Wed, 30 Oct 2024 15:46:26 +0000 https://www.theinfostride.com/?p=392683 In a recent statement, economist and policy analyst Dr. Mohammed Cardoso highlighted the transformative potential of ongoing economic reforms in Nigeria. He emphasized that these reforms are strategically designed to lay the groundwork for sustainable growth and development across various sectors of the economy. As the country navigates through challenging economic times, Cardoso’s insights provide [...]

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]]> https://www.theinfostride.com/current-reforms-set-the-stage-for-new-economic-growth-says-cardoso/feed/ 0 Harsh Economy Has Reduced Imports – CEO, Genesis Shipping https://www.theinfostride.com/harsh-economy-has-reduced-imports-ceo-genesis-shipping/ https://www.theinfostride.com/harsh-economy-has-reduced-imports-ceo-genesis-shipping/#respond Sun, 20 Oct 2024 17:01:42 +0000 https://www.theinfostride.com/?p=391528 The Chief Executive Officer of Genesis Shipping, Mr. Michael Oyekanmi, has revealed that Nigeria’s harsh economic climate has significantly reduced the volume of imports into the country. Oyekanmi, while addressing industry stakeholders, explained that the ripple effects of various economic challenges, including rising inflation, foreign exchange volatility, and the high cost of doing business, have [...]

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]]> https://www.theinfostride.com/harsh-economy-has-reduced-imports-ceo-genesis-shipping/feed/ 0 IMF Warns High Global Debt is Weighing on Economic Growth https://www.theinfostride.com/imf-warns-high-global-debt-is-weighing-on-economic-growth/ https://www.theinfostride.com/imf-warns-high-global-debt-is-weighing-on-economic-growth/#respond Sat, 19 Oct 2024 20:00:18 +0000 https://www.theinfostride.com/?p=391499 The International Monetary Fund (IMF) has raised concerns about the growing burden of global debt, highlighting its adverse impact on economic growth and financial stability. In its latest global economic outlook report, the IMF warns that rising levels of debt, both in advanced economies and developing countries, are constraining recovery efforts, exacerbating vulnerabilities, and increasing [...]

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]]> https://www.theinfostride.com/imf-warns-high-global-debt-is-weighing-on-economic-growth/feed/ 0 Blockchain Technology Seen as Key Driver for Economic Growth https://www.theinfostride.com/blockchain-technology-seen-as-key-driver-for-economic-growth/ https://www.theinfostride.com/blockchain-technology-seen-as-key-driver-for-economic-growth/#respond Wed, 16 Oct 2024 14:25:20 +0000 https://www.theinfostride.com/?p=391145 In recent years, blockchain technology has emerged as a powerful tool with the potential to transform industries, streamline processes, and drive economic growth across the globe. As businesses, governments, and entrepreneurs explore new ways to leverage the decentralized nature of blockchain, it is increasingly being hailed as a crucial enabler of transparency, efficiency, and innovation [...]

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]]> https://www.theinfostride.com/blockchain-technology-seen-as-key-driver-for-economic-growth/feed/ 0 Governor Sanwo-Olu’s Aide Urges Nigerians to Cut Costs Amid Economic Challenges https://www.theinfostride.com/governor-sanwo-olus-aide-urges-nigerians-to-cut-costs-amid-economic-challenges/ https://www.theinfostride.com/governor-sanwo-olus-aide-urges-nigerians-to-cut-costs-amid-economic-challenges/#respond Tue, 17 Sep 2024 12:00:57 +0000 https://www.theinfostride.com/?p=389416 Biliamin Oba, Senior Special Assistant to Lagos State Governor Babajide Sanwo-Olu, has called on Nigerians to reduce their expenses in response to the current economic challenges facing the country. Oba gave this advice during the 2024 International Youth Day celebration organised by the National Youth Council of Nigeria (NYCN), Olorunda Local Council Development Area (LCDA) [...]

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]]> https://www.theinfostride.com/governor-sanwo-olus-aide-urges-nigerians-to-cut-costs-amid-economic-challenges/feed/ 0 Gani Adams Criticises Pres Tinubu’s Administration for Economic Hardships and Insecurity https://www.theinfostride.com/gani-adams-criticises-pres-tinubus-administration-for-economic-hardships-and-insecurity/ https://www.theinfostride.com/gani-adams-criticises-pres-tinubus-administration-for-economic-hardships-and-insecurity/#respond Wed, 11 Sep 2024 19:00:05 +0000 https://www.theinfostride.com/?p=389070 The Aare Ona Kakanfo of Yorubaland, Iba Gani Adams, has voiced his dissatisfaction with the administration of President Bola Tinubu, citing concerns over the government’s indifference and insensitivity towards the struggles of Nigerians. In an open letter titled “President Bola Tinubu, Time is Going,” Adams expressed his discontent with the current state of the nation, [...]

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]]> https://www.theinfostride.com/gani-adams-criticises-pres-tinubus-administration-for-economic-hardships-and-insecurity/feed/ 0 CNPP Warns Federal Government Against Clamping Down on Protesters https://www.theinfostride.com/cnpp-warns-federal-government-against-clamping-down-on-protesters/ https://www.theinfostride.com/cnpp-warns-federal-government-against-clamping-down-on-protesters/#respond Sun, 21 Jul 2024 12:00:37 +0000 https://www.theinfostride.com/?p=384105 Ahead of the impending nationwide protest planned by some Nigerians over the worsening hardship in the country, the Conference of Nigeria Political Parties (CNPP) has warned the Federal Government against moves to clamp down on individuals perceived to be enemies of the President Bola Tinubu administration. The planned nationwide protest, mobilized with the hashtags #TinubuMustGo [...]

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]]> https://www.theinfostride.com/cnpp-warns-federal-government-against-clamping-down-on-protesters/feed/ 0 Macro and microeconomic positives of a dying economy- By Joseph Edgar https://www.theinfostride.com/macro-and-microeconomic-positives-of-a-dying-economy-by-joseph-edgar/ https://www.theinfostride.com/macro-and-microeconomic-positives-of-a-dying-economy-by-joseph-edgar/#respond Wed, 17 Jul 2024 22:55:14 +0000 https://www.theinfostride.com/?p=383685 As a qualitative economist, I look at trends and patterns to explain and analyze the economy. The Nigerian economy is shrinking at a pace we have not seen since the civil war. Rated as number 4 in Africa, down from number 1, if it continues at this pace and there is nothing to show that [...]

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]]> https://www.theinfostride.com/macro-and-microeconomic-positives-of-a-dying-economy-by-joseph-edgar/feed/ 0 ECOWAS Bank issues N175 billion bonds to boost economy of West African countries https://www.theinfostride.com/ecowas-bank-issues-n175-billion-bonds-to-boost-economy-of-west-african-countries/ https://www.theinfostride.com/ecowas-bank-issues-n175-billion-bonds-to-boost-economy-of-west-african-countries/#respond Wed, 17 Jul 2024 21:59:40 +0000 https://www.theinfostride.com/?p=383669 The ECOWAS Bank for Investment and Development says it is issuing sustainable bonds worth N175 billion (FCFA 70 billion) aimed at boosting the economy of West African countries. The ECOWAS Bank disclosed this via its X page on July 12, 2024. The bank says the funds will support agriculture, renewable energy, health, and industry projects in the [...]

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]]> https://www.theinfostride.com/ecowas-bank-issues-n175-billion-bonds-to-boost-economy-of-west-african-countries/feed/ 0 EBCIMA President Urges President Tinubu to Reorganize Cabinet to Save Economy https://www.theinfostride.com/ebcima-president-urges-president-tinubu-to-reorganize-cabinet-to-save-economy/ https://www.theinfostride.com/ebcima-president-urges-president-tinubu-to-reorganize-cabinet-to-save-economy/#respond Tue, 02 Jul 2024 10:00:18 +0000 https://www.theinfostride.com/?p=382245 Dr. Ezeh Emmanuel Ezeh, President of the Ebonyi Chamber of Commerce, Industry, Mines and Agriculture (EBCIMA), has called on President Bola Tinubu to reorganize his cabinet to address Nigeria’s economic challenges and promote national unity. Speaking to journalists in Enugu on Monday, Ezeh, who is also a Labour Party chieftain, criticized Tinubu’s administration for suffering [...]

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]]> https://www.theinfostride.com/ebcima-president-urges-president-tinubu-to-reorganize-cabinet-to-save-economy/feed/ 0 NNPC to boost economy with $4bn gas projects https://www.theinfostride.com/nnpc-to-boost-economy-with-4bn-gas-projects/ https://www.theinfostride.com/nnpc-to-boost-economy-with-4bn-gas-projects/#respond Fri, 28 Jun 2024 13:35:00 +0000 https://www.theinfostride.com/?p=381836 Nigeria is being positioned as a leading gas-powered economy through the construction of three key gas projects with a combined worth of about $4.15bn, the Federal Government announced on Thursday. It said the projects, being handled by the Nigerian National Petroleum Company Limited, include the Ajaokuta-Kaduna-Kano Gas Pipeline Project; Obiafu-Obrikom-Oben Gas Pipeline Project, popularly called [...]

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]]> https://www.theinfostride.com/nnpc-to-boost-economy-with-4bn-gas-projects/feed/ 0 Kanye West, Bianca Censori Fly Economy https://www.theinfostride.com/kanye-west-bianca-censori-fly-economy/ https://www.theinfostride.com/kanye-west-bianca-censori-fly-economy/#respond Mon, 17 Jun 2024 20:20:37 +0000 https://www.theinfostride.com/?p=380658 Popular rapper, Kanye West and his wife, Bianca Censori recently flew commercial. The couple shocked other passengers who were on the same flight, and fans have been reacting. TikTok user, Brandon Doggett posted a clip of the rapper and the Yeezy architect crammed into two seats in the first row of a small plane, and [...]

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]]> https://www.theinfostride.com/kanye-west-bianca-censori-fly-economy/feed/ 0 High Minimum Wage Will Lead To An Inflation That Will Doom Nigeria’s Economy – Reno Omokri https://www.theinfostride.com/high-minimum-wage-will-lead-to-an-inflation-that-will-doom-nigerias-economy-reno-omokri/ https://www.theinfostride.com/high-minimum-wage-will-lead-to-an-inflation-that-will-doom-nigerias-economy-reno-omokri/#respond Tue, 04 Jun 2024 10:00:40 +0000 https://www.theinfostride.com/?p=379743 Ex-Presidential aide, Reno Omokri has come out to say that NLC President, Joe Ajaero and his gang are supporters of Peter Obi. He recently revealed that the nationwide strike is NLC simply fighting a proxy war for Peter Obi, and Nigerians have been reacting. According to him, ₦494,000 is more than sixteen times the current [...]

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]]> https://www.theinfostride.com/high-minimum-wage-will-lead-to-an-inflation-that-will-doom-nigerias-economy-reno-omokri/feed/ 0 Economists Warn: Changes to CBN Act Could Cripple Nigerian Economy https://www.theinfostride.com/economists-warn-changes-to-cbn-act-could-cripple-nigerian-economy/ https://www.theinfostride.com/economists-warn-changes-to-cbn-act-could-cripple-nigerian-economy/#respond Mon, 27 May 2024 23:57:51 +0000 https://www.theinfostride.com/?p=379178 The National Assembly’s move to review the Central Bank of Nigeria Act 2007 has sparked concerns among analysts, who warn that it could undermine the apex bank’s authority, dilute its policies, and pose risks to the country’s economy, according to insights gathered by BusinessDay. While acknowledging that the review could serve as a form of [...]

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]]> https://www.theinfostride.com/economists-warn-changes-to-cbn-act-could-cripple-nigerian-economy/feed/ 0 NECA DG Urges Urgent Government Action in Tackling Economic Crisis https://www.theinfostride.com/neca-dg-urges-urgent-government-action-in-tackling-economic-crisis/ https://www.theinfostride.com/neca-dg-urges-urgent-government-action-in-tackling-economic-crisis/#respond Wed, 15 May 2024 22:08:29 +0000 https://www.theinfostride.com/?p=378051 Adewale Oyerinde, the Director-General of the Nigeria Employers’ Consultative Association (NECA), emphasized the urgency of addressing the current economic crisis in Nigeria. Reflecting on President Bola Tinubu’s administration since its inauguration in May 2023, Oyerinde acknowledged some bold reforms but highlighted the need for further actions. Oyerinde commended the administration’s decision to remove fuel subsidy, [...]

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]]> https://www.theinfostride.com/neca-dg-urges-urgent-government-action-in-tackling-economic-crisis/feed/ 0 Nigeria to become Africa’s fourth largest economy in 2024 – IMF https://www.theinfostride.com/nigeria-to-become-africas-fourth-largest-economy-in-2024-imf/ https://www.theinfostride.com/nigeria-to-become-africas-fourth-largest-economy-in-2024-imf/#respond Sat, 20 Apr 2024 05:04:14 +0000 https://www.theinfostride.com/?p=376091 Nigeria is projected to slip to the fourth largest economy in Africa in 2024, behind South Africa, Egypt, and Algeria, according to IMF forecasts for April 2024. Nigeria which has held the title of “Africa’s largest economy” since the GDP rebasing in 2013 is projected to have a total GDP of $253 billion in 2024, [...]

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]]> https://www.theinfostride.com/nigeria-to-become-africas-fourth-largest-economy-in-2024-imf/feed/ 0 Is The Nigeria’s Economy Beginning To Turn? https://www.theinfostride.com/is-the-nigerias-economy-beginning-to-turn/ https://www.theinfostride.com/is-the-nigerias-economy-beginning-to-turn/#respond Sat, 06 Apr 2024 10:23:26 +0000 https://www.theinfostride.com/?p=374961 Nigeria’s economy has gone through very challenging times over the past year. Inflation reached 28.92% in December 2023, the highest in 27 years. Food inflation rose to 33.93% in December 2023. The naira depreciated significantly, losing 25% of its value in a single day in June 2023 when the government removed pegging to the US [...]

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]]> https://www.theinfostride.com/is-the-nigerias-economy-beginning-to-turn/feed/ 0 President Tinubu Disputes Nigerian Economic Distress, Cites Progress and Opportunities https://www.theinfostride.com/president-tinubu-disputes-nigerian-economic-distress-cites-progress-and-opportunities/ https://www.theinfostride.com/president-tinubu-disputes-nigerian-economic-distress-cites-progress-and-opportunities/#respond Tue, 05 Mar 2024 10:00:23 +0000 https://www.theinfostride.com/?p=372366 President Bola Tinubu has challenged the perception of economic distress in Nigeria, highlighting the progress of his administration and the opportunities for growth and development in the country. Speaking at the Leadership Conference and Awards, 2023, in Abuja, Tinubu, represented by the Minister of Information and National Orientation, Mohammed Idris, shared key initiatives and investments [...]

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