Author: Ogochukwu Ndubuisi

Human Capital, Nigeria’s Greatest Resource Not Oil — Tinubu Bola Tinubu says Nigeria’s primary engine for industrial transformation lies in its human capital rather than its oil and mineral wealth. Tinubu, represented by Mr Muhammadu Dingyadi, Minister of Labour and Employment, said this at a two-day National Industrial Manpower Summit (NIMS) 2026 which began on Thursday in Abuja. The summit had the theme “Unlocking Nigeria’s Human Capital for Industrial Transformation: Building Skills, Driving Innovation and Creating Prosperity”. The President said that ongoing reforms, including the Nigeria Industrial Policy 2025, aimed to link infrastructure projects directly with standardised technical and vocational…

CBN’s Policy Shift Appropriate, Nigeria’s Growth Outlook Improves – IMF International Monetary Fund (IMF) has backed the Central Bank of Nigeria’s (CBN) monetary policy adjustment, describing it as appropriate amid declining inflation. The Director of the IMF’s African Department, Zeine Zeidane, said this at the African Department newd briefing during the ongoing IMF/World Bank Annual Meetings in Bangkok, Thailand. Zeidane said that Nigeria had made significant progress in reducing inflation, creating room for the CBN to normalise monetary policy without adopting an accommodative stance. He said that the adjustment would lower the real interest rate but stressed that the overall…

Global equities markets indexes closed on a mixed note as a jump in the consumer price index (CPI),

Nigeria Rejects UN Budget Cuts Threatening Development, Peacekeeping Nigeria has warned against United Nations budget cuts that could undermine development, peacekeeping and the interests of developing countries, insisting that efficiency must not compromise the organisation’s responsibilities. The warning came during the Fifth Committee deliberations on the proposed 3.302 billion dollars UN programme budget for 2027. Nigeria’s Deputy Permanent Representative, Amb. Martin Adamu, delivered the national statement at the meeting chaired by the country’s Permanent Representative to the UN, Amb. Ibrahim Jimoh. Adamu said Nigeria supported meaningful institutional reforms but insisted that restructuring must strengthen rather than weaken the organisation’s capacity…

IMF Urges Countries to Replace Fuel Subsidies With Target Support for Vulnerable The International Monetary Fund (IMF) has urged countries to replace blanket fuel subsidies with targeted support for vulnerable households. The ​‌‍⁠‌‍⁠⁠‍​‍‍​⁠‌‍⁠‌​IMF warned that keeping fuel prices artificially low was costly, regressive and could worsen pressures on global energy markets. Rodrigo Valdés, Fiscal Affairs Department, said this while fielding questions from journalists at the News Briefing on Fiscal Monitor at the IMF/World Bank World Bank, on Wednesday in Bangkok. He said fuel subsidies were not the most effective way to protect citizens from rising energy prices because they often…

New Master Plan to Grow Capital Market to N750trn — SEC The Securities and Exchange Commission (SEC) says the new Nigeria Capital Market Master Plan (NCMMP) 2.0 targets growth of the market from N250 trillion to N750 trillion. The ​‌‍⁠‌‍⁠⁠‍​‍‍‌​​⁠‍‌​Director-General of SEC, Dr Emomotimi Agama, said this in a statement issued by the Commission on Wednesday in Abuja. Agama said the NCMMP 2026–2036 was a 10-year strategic blueprint for developing Nigeria’s capital market, aligned with Nigeria Agenda 2050 and the Renewed Hope Development Plan (2026–2030). He said the plan would outline how Nigerians’ savings could become a major driver of…

Cardoso Emerges AFC Board Chairman Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has announced the appointment of Mr Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), as Chairman of its Board of Directors. According to a statement by Yewande Thorpe, from AFC’s Communications Department, Cardoso succeeds the immediate-past Chair, Ireti Samuel-Ogbu, who will continue to serve as a board member. Thorpe said that Cardoso would bring extensive experience spanning international banking, investment management, economic policy and public sector leadership. “Since assuming office as governor of the CBN in 2023, he has led a far-reaching programme of…

DisCos meter 141,746 customers in August – NERC Nigerian Electricity Regulatory Commission (NERC) says Electricity Distribution Companies (DisCos) metered additional 141,746 customers in August. The commission disclosed this in its August factsheet report on its X handle in Abuja on Wednesday. According to the factsheet, the 141, 746 metered customers is lower than the 159,980 recorded in July. It said that metering rate increased to 63.10 per cent by the end of August from the 62.37 per cent recorded in July. The ​‌‍⁠‌‍⁠⁠‍​‍⁠​​​⁠⁠‌​commission said that the July and August metering status showed that 8,045,565 of the 12,749,789 active customers across all DisCos…

Equities investors on the Nigerian Exchange (NGX) gained more than N103 billion as mid- and large-cap stocks

The spot rate on Nigerian Treasury bills with a 364-day tenor rose by 5 basis points to 15.90%