Economy

Since the inauguration of President Bola Ahmed Tinubu in May 2023, the MPR has maintained an upward trajectory; rising from about 18.05 per cent to 27.50 per cent as of September 2025, when it was reduced marginally by 50 basis points to 27 percent.

Countries receiving little of the investment pouring into artificial intelligence still face the rising energy costs and financial pressures reshaping the global economy, International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned on Wednesday.

To evaluate President Bola Tinubu's stewardship fairly, one must first confront the catastrophic baseline from which this administration began exercising its mandate.

Nigeria’s real Gross Domestic Product (GDP) grew by 4.43 percent year-on-year in the second quarter of 2026, up from 4.23 percent in Q2 2025 and 3.89 percent in Q1 2026.

The Central Bank of Nigeria’s (CBN) decision to cut the Monetary Policy Rate (MPR) from 26.5 per cent to 23 per cent is a significant development for an economy that has endured an exceptionally tight monetary environment

The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, disclosed this at a virtual meeting with Special Economic Zones stakeholders in September, as the government moves to modernise the regulatory framework governing the zones and strengthen their contribution to investment and non-oil exports.

Alawuba spoke at the 19th Annual Banking and Finance Conference of the Chartered Institute of Bankers of Nigeria (CIBN) in Abuja on Tuesday, September 8, 2026.

Finance experts contend that the real value of the revenue has diminished because of the prevailing exchange rate, which makes logistics and operational costs very prohibitive.

The Central Bank of Nigeria's recapitalisation programme requires banks to build substantially larger capital bases, with minimum paid-up capital rising to N500 billion for banks with international authorisation, N200 billion for national banks and N50 billion for regional banks.

The goal is not simply more jobs, but better jobs: work that comes with fair wages, dignified conditions, and pathways to advancement.