RMB Nigeria has reaffirmed that sustained policy reforms, institutional strengthening, and scalable sustainable finance solutions are critical to unlocking Nigeria’s longterm economic potential. This was the central message at the RMB Nigeria Economic Forum 2026, which convened policymakers, investors, and business leaders to examine Nigeria’s macroeconomic outlook and the expanding opportunities in transition and sustainable finance. Held under the theme “Charting Nigeria’s Future: Reforms, Resilience and Growth,” the forum featured two highlevel sessions: Building Stability, which explored global and domestic economic dynamics, and Financing the Future, which examined how sustainable finance can support Nigeria’s energy transition and industrial development. In the CEO’s welcome…
Author: Elvis Eromosele
There is only one introduction for the man: “Odia Ofeimun is Odia Ofeimun!” Enough said. Poet, publisher, editor, activist, polemicist, mentor, politician, columnist, factory worker, writer, dance-drama exponent, public intellectual, critic etc, Odia ofeimun has packed uncountable lifetimes into one tumultuous lifespan. Born on March 16, 1950, in Iruekpen, an Esan-speaking town in Ekpoma, in present-day Edo State, Odia missed an entire year at the start of his primary schooling because, as was the practice then, his right hand could not cross his head and touch his left ear! He eventually benefitted from the Free Education policy which started in…
African manufacturers, including those in Nigeria, are set to benefit from Chinese President Xi Jinping’s decision to eliminate tariffs on imports from 53 African countries starting May 1, 2026. The move, which expands an existing zero-tariff regime from 33 to 53 countries, opens one of the world’s largest consumer markets to African producers and could save up to $1.4 billion in annual duties based on current trade volumes. The Pan-African Manufacturers Association (PAMA) hailed the announcement, highlighting opportunities for sectors such as agro-processing, textiles, light manufacturing, and industrial goods. PAMA noted that while raw material exports may see short-term…
Nigeria’s telecommunications industry generated a total of N12.978 trillion in revenue over 2023 and 2024, according to data from the Nigerian Communications Commission (NCC). The sector, which includes mobile network operators (MNOs), internet service providers (ISPs), value-added services (VAS), collocation, and infrastructure sharing, recorded strong revenue growth despite a recent decline in active subscribers. In 2023, total industry revenue stood at N5.30 trillion, with GSM/MNOs contributing N4.012 trillion. Fixed wired services earned N273.01 billion, ISPs N89.81 billion, VAS N14.56 billion, collocation and infrastructure sharing N1.14 trillion, and other telecom operators N41.84 billion. Revenue surged 44.7 per cent in 2024…
The Socio-Economic Rights and Accountability Project (SERAP) has urged Bola Ahmed Tinubu to order an investigation into the N5.9 billion reportedly spent on rebranding the Nigerian National Petroleum Corporation into the Nigerian National Petroleum Company Limited. In a statement shared on its official social media account on Sunday, SERAP called on the Attorney General of the Federation, Lateef Fagbemi, and anti-corruption agencies to investigate the expenditure and identify officials and contractors involved. The group specifically asked the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to determine whether the spending complied…
By Anthony Ubani Last week, Nigerians, and anyone with a sense of embarrassment, were treated to a spectacle of monumental proportions. Daniel Bwala, Presidential Aide on Policy Communication, appeared on Mehdi Hasan’s Al Jazeera show, armed with nothing but bravado, selective memory, and the audacity of someone who believes talking loudly counts as arguing. What unfolded was less “defending government policy” and more “national humiliation live on air.” From the first question, it was clear: Bwala had prepared for everything… except reality. His statements flew faster than a Nollywood plot twist, contradicting his own past positions with the speed and…
Togo has expressed interest in increasing electricity imports from Nigeria as it seeks to meet rising domestic power demand and support expanding economic activity. The request was disclosed by Jennifer Adighije after hosting officials from Compagnie Energie Electrique du Togo for talks on expanding the existing power supply arrangement. The Togolese delegation, led by Débo K’mba Barandao, said the country currently imports about 75 megawatt-hours of electricity from the Niger Delta Power Holding Company under a bilateral supply agreement. Barandao noted that electricity imports from Nigeria have helped sustain reliable and affordable power for households, businesses and public institutions in…
NEM Insurance Plc is projecting a profit after tax of N19.7 billion for the first half of 2026, translating to an estimated earnings per share of N3.95, as strong growth in oil and gas underwriting boosts revenue expectations. The forecast marks a significant rise from the N15.4 billion profit recorded in 2025, which had already improved on the N10.6 billion reported in 2024, underscoring the insurer’s sustained earnings growth. According to the company’s projections, insurance revenue is expected to reach N102.4 billion, compared with N75.4 billion in the first half of 2025. The oil and gas segment is projected to…
The Nigerian Civil Aviation Authority has summoned Air Peace over a disrupted Heathrow-Abuja flight that reportedly left passengers stranded in Lagos after the aircraft returned due to a cracked windshield. Michael Achimugu, Director of Public Affairs and Consumer Protection at the NCAA, who disclosed this via his official X account, said that the airline has been invited to the regulator’s headquarters for an urgent meeting to address the incident and other recent operational disruptions. According to the regulator, passengers on the flight were rerouted through Gatwick–Lagos–Abuja, but some reportedly experienced delays and disruption when the aircraft returned mid-journey due to…
The Petroleum Products Retail Outlets Owners Association of Nigeria has called on the Federal Government to invest gains from rising global oil prices into expanding Nigeria’s gas infrastructure to support long-term energy security. Billy Gillis-Harry, the association’s National President, made the call while reacting to the impact of escalating tensions in the Middle East, where conflict involving Iran, Israel, and the United States has disrupted global energy supply and pushed crude oil prices higher. Gillis-Harry said the expected windfall from elevated oil prices should be invested in energy infrastructure and value chains rather than spent immediately, noting that such investments…