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1 month ago | 
businessday.ng | Chinwe Michael |Eniola Olatunji
Nigeria’s homeownership has long faced challenges, with mortgage loans contributing a mere 0.5 percent to the country’s Gross Domestic Product (GDP). The housing gap is estimated at 28 million, with 47 million people defecating in open places. However, the soon-to-be-launched MOFI Real Estate Investment Fund (MRIF) aims to transform housing finance and reduce the yawning gap.
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1 month ago | 
businessday.ng | Eniola Olatunji |Wasiu Alli
Nigeria has an ambitious target of becoming a trillion-dollar economy by 2030, a target President Bola Tinubu is unrelentingly pursuing. But pensions’ long-term savings and staying the course of the series of reforms embarked on in 2023 might just give the country a ticket to even surpass that aspiration.
In this interview with BusinessDay’s Eniola Olatunji and Wasiu Alli, Dave Uduanu, Managing Director and Chief Executive Officer of Access ARM Pensions highlighted ways the econ
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1 month ago | 
businessday.ng | Eniola Olatunji |Wasiu Alli
Nigeria has an ambitious target of becoming a trillion-dollar economy by 2030, a target President Bola Tinubu is unrelentingly pursuing. But pensions’ long-term savings and staying the course of the series of reforms embarked on in 2023 might just give the country a ticket to even surpass that aspiration.
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1 month ago | 
businessday.ng | Lolade Akinmurele |Eniola Olatunji |Wasiu Alli
…As data show CBN’s reduced intervention in FX marketA sharp decline in Nigeria’s external reserves to a six-month low has dominated financial headlines in recent days, stoking fears of renewed instability in the naira and a potential pullback by investors. Yet, a closer examination of data and policy direction suggests that these concerns may be misplaced.
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1 month ago | 
businessday.ng | Lolade Akinmurele |Eniola Olatunji |Wasiu Alli
...As data show CBN’s reduced intervention in FX market
A sharp decline in Nigeria’s external reserves to a six-month low has dominated financial headlines in recent days, stoking fears of renewed instability in the naira and a potential pullback by investors.
Yet, a closer examination of data and policy direction suggests that these concerns may be misplaced.
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2 months ago | 
businessday.ng | Wasiu Alli |Eniola Olatunji
The Nigerian economy is showing resilience in the face of many shocks that could have thrown the country under after a series of painful reforms triggered a worst cost of living crisis in a generation. But 2025, especially the first quarter (Q1) could be a defining moment for Africa’s most populous nation as many analysts as well as investors are bullish on the once largest economy in the continent.
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2 months ago | 
businessday.ng | Wasiu Alli |Eniola Olatunji
The Nigerian economy is showing resilience in the face of many shocks that could have thrown the country under after a series of painful reforms triggered the worst cost of living crisis in a generation.
But 2025, especially the first quarter (Q1) could be a defining moment for Africa’s most populous nation as many analysts as well as investors are bullish on the once largest economy in the continent.
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2 months ago | 
businessday.ng | Hope Moses-Ashike |Eniola Olatunji
…CBN seen easing in H2The Monetary Policy Committee (MPC) will hold its first meeting of the year on Wednesday and Thursday, with expectations high that the committee will retain the Monetary Policy Rate (MPR), also known as the benchmark interest rate. The Central Bank of Nigeria (CBN) had pushed back the date of the MPC meeting to February 19 to allow for the release of Nigeria’s long-awaited rebased Consumer Price Index (CPI).
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2 months ago | 
businessday.ng | Wasiu Alli |Eniola Olatunji
Nigeria is expecting to get a rebased economy as the National Bureau of Statistics (NBS) will release the country’s new consumer price index (CPI) and gross domestic product (GDP) on Monday, while the United Kingdom’s monetary policymakers are likely to cut rates despite sticky prices. MondayNBS to publish rebased CPI, GDP report. The National Bureau of Statistics (NBS) is expected to release the new rebased consumer price index (CPI) and gross domestic product (GDP) report today.
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2 months ago | 
businessday.ng | Wasiu Alli |Wasiu Ali |Favour Okpale |Eniola Olatunji
Adapalm Nigeria Limited was founded in 1975 by the old East Central State. It was transferred to the Imo State government after the splitting of the East Central State in 1976. It sits on 4,300 hectares of land in Ohaji/Egbema Local Government Area and once employed nearly 1,000 workers. However, the company began to struggle when the Imo State government indigenised it in 1987. Tribalism crept in and palm oil production fell.
