The great gulf between Europe's transformative ascent and Africa's persistent developmental struggles cannot be explained by resources, geography, or circumstance alone. At its core lies a fundamental intellectual crisis — one that demands urgent recognition and systematic remedy. Great ideas possess an immortal power that transcends their creators, shaping civilisations long after their originators have

Nigeria is on an unsustainable fiscal path. Amidst rising debt obligations, ballooning governance costs, and mounting socioeconomic pressures, the Federal Government appears committed to road construction projects whose cost per kilometre now far exceeds regional and global benchmarks, without offering adequate justification to the Nigerian public. Recent revelations from the Ministry of Works show that

Business Day, established in 2001, is a daily business newspaper based in Lagos. It is the only Nigerian newspaper with a bureau in Accra, Ghana. It has both daily and Sunday titles. It circulates in Nigeria and Ghana... Read More...

Naira Gains Against Dollar in Official, Black Market ‎The Nigerian Naira continued its appreciated against the US dollar on Wednesday, June 2, in both the official and parallel markets, reflecting persistent pressure and volatility in the country’s foreign exchange environment. ‎In the black market, currency dealers in Abuja told Economic Confidential that the naira exchanged

Tinubu’s Tax Leap and the Ghosts of Federalism By Egiganya Jo-Madugu Nigeria has long struggled with an underperforming tax system, marred by inefficiency, outdated laws, low compliance, and a weak revenue base. Over time, several reform efforts have been introduced to strengthen the system and boost economic growth, but many failed to gain traction due

Tinubu’s Tax Reforms and the Trust Deficit By Bilkisu Ahmed Shekarau For as long as I can remember, Nigeria has had one reform or the other aimed at fixing our broken tax system. Each one arrives with bold promises—more revenue, less corruption, better governance—but somehow, the results rarely match the energy of the announcement. People

FG to Reclaim Dormant Oil Fields, Begins License Review The Federal Government has declared an end to what it described as the “era of speculative licensing,” where companies acquire oil blocks but fail to develop them, hence putting an end to dormant oil fields. This came as the Nigerian National Petroleum Company Limited revealed the

Nigeria Records 3.7% Economic Growth on Oil, Business Gains in H1 The Nigerian economy is estimated to have grown by about 3.7 per cent in the first half of 2025, driven by improved business conditions and increased oil production. This was revealed in the Stanbic IBTC Bank Nigeria Purchasing Managers’ Index (PMI) report compiled by

The Federal Capital Territory (FCT) under the leadership of Minister Nyesom Wike is undergoing significant transformation. The administration is reviving long-abandoned projects while simultaneously initiating, completing and commissioning new ones. New districts are also being developed, complete with road networks and essential infrastructure such as water supply, electricity, schools, and hospitals. However, for many residents

Ahmadu Bello University (ABU), Zaria, has emerged champions of the inaugural Olumide Oyedeji Intercollegiate 3×3 Basketball Championship after a commanding 21–15 victory over Ladoke Akintola University of Technology (LAUTECH), Ogbomoso, in the final held in Lagos. The two-day basketball tournament featured six top collegiate teams, and ABU once again underlined their basketball pedigree, lifting the

Real Madrid advanced to the quarter-finals of the 2025 FIFA Club World Cup with a hard-fought 1-0 victory over Juventus at the Hard Rock Stadium in Miami on Tuesday night. A 54th-minute header from Gonzalo Garcia proved decisive for the Spanish giants, who will now face the winner of the clash between Borussia Dortmund and

U.S. Senate passes Trump’s landmark tax and spending bill after marathon debate The US Senate has narrowly passed a sweeping tax and spending package, delivering a hard-fought victory for President Donald Trump’s administration and moving his signature legislative priority one step closer to becoming law. After a grueling 26 hours of debate, the measure cleared