Nigerian Economy – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Thu, 28 May 2026 23:52:38 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Nigerian Economy – InfoStride News https://www.theinfostride.com 32 32 LCCI and Partners Urge Global Investors to Harness Nigeria’s Economic Potential https://www.theinfostride.com/lcci-and-partners-urge-global-investors-to-harness-nigerias-economic-potential/ https://www.theinfostride.com/lcci-and-partners-urge-global-investors-to-harness-nigerias-economic-potential/#respond Thu, 28 May 2026 23:55:26 +0000 https://www.theinfostride.com/?p=466004 The Lagos Chamber of Commerce and Industry (LCCI) has renewed its call to global investors to take advantage of Nigeria’s growing investment opportunities, stressing that ongoing economic reforms and the country’s expanding market make it a prime destination for foreign capital. Speaking at recent engagements with international business communities ahead of upcoming trade missions and [...]

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]]> https://www.theinfostride.com/lcci-and-partners-urge-global-investors-to-harness-nigerias-economic-potential/feed/ 0 NCC Reports Telecoms Sector Generated Over 500,000 Jobs, Boosting Nigeria’s Economy https://www.theinfostride.com/ncc-reports-telecoms-sector-generated-over-500000-jobs-boosting-nigerias-economy/ https://www.theinfostride.com/ncc-reports-telecoms-sector-generated-over-500000-jobs-boosting-nigerias-economy/#respond Wed, 10 Sep 2025 13:13:46 +0000 https://www.theinfostride.com/?p=466388 Nigeria’s telecommunications industry has created more than 500,000 direct and indirect jobs in the past decade, according to the Nigerian Communications Commission (NCC). The regulator disclosed that the sector’s rapid growth has not only transformed the way Nigerians communicate but also contributed significantly to employment and the nation’s broader economic development. The revelation came during [...]

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]]> https://www.theinfostride.com/ncc-reports-telecoms-sector-generated-over-500000-jobs-boosting-nigerias-economy/feed/ 0 Stakeholders Call for Structural Reforms to Boost Nigerian Economy https://www.theinfostride.com/stakeholders-call-for-structural-reforms-to-boost-nigerian-economy/ https://www.theinfostride.com/stakeholders-call-for-structural-reforms-to-boost-nigerian-economy/#respond Wed, 30 Oct 2024 14:28:37 +0000 https://www.theinfostride.com/?p=392656 Amid ongoing challenges and fluctuations in the Nigerian economy, stakeholders from diverse sectors are advocating for structural reforms to address fundamental weaknesses and drive sustainable growth. These calls come in response to persistent economic concerns, including high inflation, unemployment, declining foreign investment, and a weak currency. Experts argue that addressing these structural issues is crucial [...]

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]]> https://www.theinfostride.com/stakeholders-call-for-structural-reforms-to-boost-nigerian-economy/feed/ 0 Events Leading to the Sacking of Polaris Bank’s Board https://www.theinfostride.com/events-leading-to-the-sacking-of-polaris-banks-board/ https://www.theinfostride.com/events-leading-to-the-sacking-of-polaris-banks-board/#respond Sun, 14 Jan 2024 01:06:16 +0000 https://www.theinfostride.com/?p=367195 In a significant development in the banking sector, the board of Polaris Bank has been sacked, marking a notable shift in the leadership of the financial institution. Here is a timeline of events leading up to the removal of Polaris Bank’s board: ### **October 2022: Reports of Financial Irregularities Surface** – Initial reports emerge in [...]

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]]> https://www.theinfostride.com/events-leading-to-the-sacking-of-polaris-banks-board/feed/ 0 Enhanced Financial Intermediation: A Vital Tool for Realizing Tinubu’s N1 Trillion Economic Ambitions https://www.theinfostride.com/enhanced-financial-intermediation-a-vital-tool-for-realizing-tinubus-n1-trillion-economic-ambitions/ https://www.theinfostride.com/enhanced-financial-intermediation-a-vital-tool-for-realizing-tinubus-n1-trillion-economic-ambitions/#respond Mon, 06 Nov 2023 21:56:14 +0000 https://www.theinfostride.com/?p=359730 The pursuit of revitalizing the Nigerian economy and propelling it towards the ambitious $1 trillion GDP target, spearheaded by the Tinubu administration, undoubtedly hinges on attracting substantial local and foreign investments. Achieving this aspiration necessitates a profound transformation of the financial intermediation landscape within the country. At present, Nigeria’s banking industry appears ill-equipped to furnish [...]

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]]> https://www.theinfostride.com/enhanced-financial-intermediation-a-vital-tool-for-realizing-tinubus-n1-trillion-economic-ambitions/feed/ 0 UNGA: The Nigerian economy is ripe for increased investment – Buhari https://www.theinfostride.com/unga-the-nigerian-economy-is-ripe-for-increased-investment-buhari/ https://www.theinfostride.com/unga-the-nigerian-economy-is-ripe-for-increased-investment-buhari/#respond Sat, 24 Sep 2022 19:11:41 +0000 https://www.theinfostride.com/?p=333019 President Muhammadu Buhari has stated that the Nigerian economy is ripe for increased investment, hinting that  private capital flows into Nigeria, consisting mainly of Foreign Direct Investment, have slowed, hindering the financing of much-needed infrastructure and natural resource access projects. Buhari disclosed this at the Nigeria International Economic Partnership Forum held on the margins of the 77th [...]

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]]> https://www.theinfostride.com/unga-the-nigerian-economy-is-ripe-for-increased-investment-buhari/feed/ 0 Nigeria’s economy hints to grow by 1.5% in 2021 – JP Morgan https://www.theinfostride.com/nigerias-economy-hints-to-grow-by-1-5-in-2021-jp-morgan/ https://www.theinfostride.com/nigerias-economy-hints-to-grow-by-1-5-in-2021-jp-morgan/#respond Wed, 22 Sep 2021 21:30:56 +0000 https://www.theinfostride.com/?p=308617 JP Morgan publicly stated that Nigeria’s economy is expected to grow less than analysts estimate, projecting the economy to only grow by 1.5% this year. This was disclosed by JPMorgan Chase Bank NA analysts including Gbolahan Taiwo and Ayomide Mejabi in an email aired by Bloomberg on Wednesday afternoon. The report included JP Morgan saying [...]

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]]> https://www.theinfostride.com/nigerias-economy-hints-to-grow-by-1-5-in-2021-jp-morgan/feed/ 0 Parlous Infrastructure, limited export base, others threaten FDI https://www.theinfostride.com/parlous-infrastructure-limited-export-base-others-threaten-fdi/ https://www.theinfostride.com/parlous-infrastructure-limited-export-base-others-threaten-fdi/#respond Tue, 24 Aug 2021 16:20:44 +0000 https://www.theinfostride.com/?p=304728 Experts have underscored the need for the government to work out modalities on how to accelerate investment in infrastructure through bonds and other activities that would stimulate long-term fundraising from the capital market. This, they said is to attract Foreign Direct Investment (FDI) into the country and boost job creation. Besides, they called for a [...]

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]]> https://www.theinfostride.com/parlous-infrastructure-limited-export-base-others-threaten-fdi/feed/ 0 CBN: Nigeria’s economy getting boxed by stagflation https://www.theinfostride.com/cbn-nigerias-economy-getting-boxed-by-stagflation/ https://www.theinfostride.com/cbn-nigerias-economy-getting-boxed-by-stagflation/#respond Wed, 02 Jun 2021 16:03:30 +0000 https://www.theinfostride.com/?p=295651 The governor, Central Bank of Nigeria, CBN, Godwin Emefiele, has said Nigeria’s economy is in stagflation, describing the GDP growth numbers as weak. Despite the improved gross domestic product, GDP, report released by the National Bureau of Statistics, NBS, for the first quarter 2021, Q1’21. In economics, stagflation or recession-inflation is a situation in which [...]

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]]> https://www.theinfostride.com/cbn-nigerias-economy-getting-boxed-by-stagflation/feed/ 0 Inflation rate in Nigeria slows to 18.12% in April 2021 https://www.theinfostride.com/inflation-rate-in-nigeria-slows-to-18-12-in-april-2021/ https://www.theinfostride.com/inflation-rate-in-nigeria-slows-to-18-12-in-april-2021/#respond Wed, 02 Jun 2021 16:02:47 +0000 https://www.theinfostride.com/?p=295655 The consumer price index, which measures the rate of change in the price of goods and services, dropped to 18.12 percent in April from 18.17 in March.  The last time it dropped was in 2019 when it slowed from 11.08 percent in July to 11.02 in August. The National Bureau of Statistics (NBS) announced this [...]

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]]> https://www.theinfostride.com/inflation-rate-in-nigeria-slows-to-18-12-in-april-2021/feed/ 0 How Islamic finance can push up Nigeria’s fragile economy https://www.theinfostride.com/how-islamic-finance-can-push-up-nigerias-fragile-economy/ https://www.theinfostride.com/how-islamic-finance-can-push-up-nigerias-fragile-economy/#respond Tue, 01 Jun 2021 10:27:38 +0000 https://www.theinfostride.com/?p=295379 Abdulrazzaq Abdulmajeed Alaro For Nigeria to reach its full potential, economic expert in Islamic finance has called for the nation to embrace its principles, as well as explore and exploit its many advantages for individual and national benefits. Rather than being a mere conduit for funds transfer between depositors and borrowers of funds, the model [...]

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]]> https://www.theinfostride.com/how-islamic-finance-can-push-up-nigerias-fragile-economy/feed/ 0 Recession Exit: APC UK commends President Buhari and VP Osinbajo https://www.theinfostride.com/recession-exit-apc-uk-commends-president-buhari-and-vp-osinbajo/ Wed, 06 Sep 2017 20:30:54 +0000 http://www.theinfostride.com/?p=181190 The United Kingdom chapter of All Progressives Congress (APC) has described the emergence of the Nigeria from the recession as laudable and noteworthy. The party made this known in an electronic statement made available to the Press in the earlier hours of today. According to the statement by Hon. Ade Omole, the party chieftain expressed [...]

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]]> Dambazau urges FG to implement Executive Order 003 to boost Nation’s Economy https://www.theinfostride.com/dambazau-urges-fg-to-implement-executive-order-003-to-boost-nations-economy/ Sat, 05 Aug 2017 19:35:19 +0000 http://www.theinfostride.com/?p=176768 Nigeria’s Minister of Interior, Lt Gen. (Rtd) Abdulrahman Bello Dambazau, has disclosed that the implementation of Executive Order 003 will enhance the nation’s economy and save foreign exchange for the country. Gen. Dambazau stated this when he received the Minister of State for Industry, Trade and Investment, Hajia Aisha Abubakar, who was in the Ministry [...]

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]]> Buhari Should Focus On Fighting Corruption – Fayose https://www.theinfostride.com/buhari-should-focus-on-fighting-corruption-fayose/ Sun, 01 Jan 2017 04:43:46 +0000 http://www.theinfostride.com/?p=152915 The fearless Ekiti State Governor, Ayo Fayose has once again reiterated his opinion that the President of Nigeria, Muhammad Buhari is not fighting corruption as a menace. Rather, the President was fighting his political foes. Speaking on the African Independent Television (AIT) Kaakai program, Mr. Lere Olayinka, the Special Assistant on Public Communications and New [...]

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]]> Why African Entrepreneurs Need To Get Their Hands Dirty, Move Fast And Tweak https://www.theinfostride.com/why-african-entrepreneurs-need-to-get-their-hands-dirty-move-fast-and-tweak/ Thu, 14 Jul 2016 17:52:25 +0000 http://www.theinfostride.com/?p=135987 A lot of startups are moving really slow today because the founders are not getting their hands dirty. Building a startup in Africa, especially in a country like Nigeria is no joke and you really need to go hard or go home. A lot of founders waste a lot of time building products customers do [...]

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]]> Finance Minister Highlights How The Ministry Plan To Save $5bn Annually https://www.theinfostride.com/finance-minister-highlights-how-the-ministry-plan-to-save-5bn-annually/ Wed, 02 Dec 2015 21:22:34 +0000 http://www.theinfostride.com/?p=110069 The Minister of Finance, Kemi Adeosun, has expressed optimism that the ministry under her watch can save Nigeria as much as $5 billion annually by blocking wastages in more than 450 government agencies, a strategy that will determine how well the Nigerian economy will cope under its slowest growth indices since 1999. The minister gave [...]

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]]> Nigeria On The Verge Of Crude Oil Discovery At The Chad Basin – NNPC https://www.theinfostride.com/nigeria-on-the-verge-of-crude-oil-discovery-at-the-chad-basin-nnpc/ Mon, 09 Nov 2015 08:55:53 +0000 http://www.theinfostride.com/?p=106643 Nigeria may well be on the verge of a significant breakthrough in the discovery of oil in the lake Chad area in North East if the analysis of recent seismic 3D data generated from the Chad Basin is anything to go by. The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr. Ibe [...]

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