Collins Nweze

Lagos

Assistant Business Editor at The Nation (Nigeria)

Multiple award winning Finance Journalist.

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Articles

Economy recorded fastest growth in 2024, says World Bank

3 days ago | thenationonlineng.net | Nduka Chiejina |Collins Nweze |Alao Abiodun

Nigeria’s economy recorded its fastest growth in about a decade in 2024, the World Bank said yesterday, alluding to early gains of macroeconomic reforms by the President Bola Tinubu’s administration. World Bank’s Lead Economist for Nigeria, Alex Sienaert, pointed out Federal Government’s improved fiscal position, driven by reforms in key areas of petroleum, foreign exchange and power. He however cautioned that persistently high inflation remains a challenge.
Foreign reserves rise to $38.10b on policy reforms activation

4 days ago | thenationonlineng.net | Collins Nweze |Alao Abiodun

The gross foreign exchange (forex) reserves increased for the second consecutive week, growing by $86.67 million $38.10 billion following strong measures instituted by the Central Bank of Nigeria (CBN) to attract more inflows to the economy, data from the CBN has shown. Analysts said stronger forex reserves are expected to bolster the CBN’s capacity to manage excess naira volatility through sustained market interventions and achieve long-term stability of the exchange rate.
TeKnowledge expands services to entrepreneurs

4 days ago | thenationonlineng.net | Collins Nweze |Alao Abiodun

Business TeKnowledge has inaugurated its AI-First Expert Technology Services in Nigeria, along with a refreshed brand identity and offer of cybersecurity services to enable enterprise and national transformation across Africa.
Federal Government showcases economic gains, investment prospects at IMF/World Bank meetings

1 week ago | thenationonlineng.net | Collins Nweze

At the recently concluded IMF/World Bank Spring Meetings in Washington, D.C., Nigeria’s delegation showcased the country’s improving economic outlook and investment potential to the global community. The team highlighted key milestones, including the naira’s relative stability, Fitch Ratings’ upgrade, and Nigeria’s anticipated re-entry into the JP Morgan Index.
Gabonese President honours Elumelu

1 week ago | thenationonlineng.net | Collins Nweze |Alao Abiodun

The President of the Republic of Gabon, General Brice Clotaire Oligui Nguema, has conferred the Commander in the National Order of Gabonese Merit honour on the Group Chairman, United Bank for Africa (UBA) Plc and Founder of the Tony Elumelu Foundation, Tony Elumelu. The distinguished award recognises Elumelu’s enduring contribution to Africa’s economic development, particularly his impact on youth entrepreneurship and infrastructure growth in Gabon and across the continent.
CBN’s FX reforms narrow rate gaps, boost investor confidence

1 week ago | thenationonlineng.net | Collins Nweze |Alao Abiodun

For decades, efforts to bridge the gap between official and parallel market exchange rates in Nigeria yielded little success. Foreign exchange speculation thrived, with round-tripping becoming rampant and speculators raking in billions of dollars through illicit transactions. That narrative began to change with the introduction of forex reforms led by the Central Bank of Nigeria (CBN), which significantly narrowed the disparity between the two markets.
Tax reform bill to diversify revenue sources outside oil, says CITN

1 week ago | thenationonlineng.net | Collins Nweze

The immediate past President, Chartered Institute of Taxation of Nigeria (CITN), Samuel Agbeluyi, has said that the recently drafted tax reform bill, now awaiting final assent from the National Assembly, has the power to transform Nigeria’s economic trajectory and reduce the nation’s over-reliance on volatile oil revenues.
CITN Governing Council elects Ohagwa as president

1 week ago | thenationonlineng.net | Collins Nweze |Alao Abiodun

The Governing Council of the Chartered Institute of Taxation of Nigeria (CITN) has elected Innocent Ohagwa as the new president of the institute. In a statement, the tax body said that by this election, Ohagwa will succeed the incumbent President, Samuel Agbeluyi, whose two-year tenure comes to an end on 4th June 2025 as the 17th president.
Driving seamless payments with new PoS, Moni App technologies

2 weeks ago | thenationonlineng.net | Collins Nweze |Alao Abiodun

The business environment is always filled with expectations from customers. They demand seamless services and when it is time to settle their obligations, they want the payment infrastructure to be smooth in performing that function. For Aminatu Bashiru, a fabrics trader at Balogun Market in central Lagos, success of her business relies seriously on the efficiency of her bank’s payment infrastructure.
Edun: reforms driving long-term, private-sector-led growth

2 weeks ago | thenationonlineng.net | Collins Nweze |Alao Abiodun

Painstaking fiscal and monetary reforms being undertaken by the President Bola Tinubu-led government have laid the groundwork for broad-based, long-term economic development. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, yesterday in Lagos, recounted the key reforms by the government, which have strengthened the foundation for sustainable, private-sector led economic growth.