Economy, markets, finance, CBN policy, energy, and industry.
Despite an optimistic growth forecast of over 4 percent, Nigeria's economic expansion fails to significantly improve the average income due to a rapidly growing population. The disparity in wealth distribution raises concerns about the sustainability of such growth.
Legal experts and business leaders have raised alarms that Nigeria's inconsistent contract enforcement and lengthy court processes are deterring potential investors. The misuse of ex-parte orders further complicates the situation, prompting calls for urgent reforms in the legal framework to restore investor confidence.
A recent report highlights an 11.5% drop in the cost of jollof rice, primarily attributed to lower prices of chicken and vegetable oil. Despite this decline, rice prices have had minimal impact on the overall cost reduction across various markets.
Nigeria's cocoa bean exports to the United States have skyrocketed from $21.7 million in 2024 to a staggering $142 million in 2025, signaling a significant boost in the agricultural sector. This surge reflects both increased demand in the U.S. market and Nigeria's growing capabilities in cocoa production.
The Federal Airports Authority of Nigeria (FAAN) has finally resolved a two-decade-long legal battle with Bi-Courtney Aviation Services, paving the way for the commencement of revenue generation from the Murtala Muhammed Airport Terminal 2 (MMA2). Both parties have agreed to new operational terms, relinquishing their historical claims to facilitate smoother operations at Lagos' domestic terminal.
Wahen Egbe, Chief Business Officer at OneHealth by AXA, emphasizes the need for collaboration among healthcare providers, employers, and insurers to enhance healthcare access in Nigeria. This discussion sheds light on the urgent requirements to bridge the existing gap between healthcare availability and actual patient access.
The federal government has approved the design for a monorail project aimed at enhancing access to Murtala Muhammed International Airport in Lagos. This initiative, featuring five stops, will create a vital link between Ikeja Railway Station and the airport, streamlining transportation for travelers.
Chris Ijeli, Managing Director of Dorman Long Engineering, emphasizes the need for a robust engineering foundation to achieve Nigeria's goal of having manufacturing contribute 25% to the GDP by 2030. He insists that investing in local engineering capabilities must be prioritized over other initiatives.
In a strategic move to enhance its foothold in Africa, JP Morgan is set to secure a banking license in Nigeria following a significant deposit of N50 billion with the Central Bank of Nigeria. This initiative aims to expand the bank's operations in payments, lending, and corporate banking across the continent.
Northern Nigeria stands at a pivotal moment, with the potential to leverage its agricultural strengths and vibrant youth population to drive technological advancements in solar energy, biotechnology, and digital innovation. By fostering collaboration and investment, the region could transform its socio-economic landscape and improve the quality of life for its citizens.
The UN's biodiversity conference in Armenia opens with critical discussions on the lagging implementation of the Kunming-Montreal Global Biodiversity Framework, highlighting the need for accelerated national efforts. With less than half of countries meeting their biodiversity targets, the gathering seeks to address these pressing challenges.
In a significant move towards women's empowerment, the Dangote Foundation has announced plans to distribute refinery shares to 778,000 women across 15 states in Nigeria. This initiative is part of a broader goal to uplift two million vulnerable women nationwide.
