<< Back             Poser >> Nigeria’s economic recalibration good for business — Jumia CEO By Etop Ekanem  Chief Executive Officer of Jumia Group, Francis Dufay, has offered a perspective that placed Nigeria not at the margins of risk, but at the centre of reform, growth and stability. Speaking during a panel on emerging markets, at the Sohn Conference in New York, Dufay described the period between 2021 and 2024 as one of the most difficult economic cycles in recent memory for African markets, with Nigeria among the hardest hit.  Sharp currency swings, weakened consumer purchasing power, and inflation created a challenging operating environment, particularly for sectors tied to imports, logistics, payments, and retail demand. For businesses like Jumia, where pricing stability, inventory planning, and payment predictability are critical, the volatility tested resilience. But according to Dufay, the pressure forced structural responses, arguing that Nigeria’s reform trajectory, particularly under President Bola Tinubu, has marked the beginning of a new macro-cycle. Measures around exchange rate unification, fiscal adjustments, and broader economic restructuring, he suggested, are gradually creating a more transparent and stable operating environment for compliant businesses. He pointed to Nigeria as a clear case study of reform under strain. “Nigeria was in a tough situation three or four years back,” he noted.  adding that recent policy shifts are laying the foundations for greater stability. For e-commerce and digital platforms, that stability translates directly into improved pricing models, better supplier relationships, stronger payment flows, and renewed investor confidence. Vanguard Business News	Nigeria targets green industrialisation with critical minerals roadmap By Yinka Kolawole Nigeria is positioning its vast critical mineral deposits as the foundation for a new wave of industrial growth, following the unveiling of a strategic roadmap designed to convert the country’s mineral wealth into investments in clean energy manufacturing and domestic value addition. The roadmap, presented by the Council for Critical Minerals Development in […] EVs: Afreximbank wants Nigeria, other African countries to stop exporting Lithium By Emma Ujah President and Chairman of the Board of the African Export-Import Bank (Afreximbank), Dr. George Elombi, has tasked African nations to stop the export of Lithium, the main raw material used in the production of electric vehicle (EV) batteries. Nigeria is a major exporter of Lithium in Africa, though most of the quantity is […] Trade between Ghana and Canada rises 56% to $752m in 2025 Bilateral merchandise and services trade between Ghana and Canada expanded by 56 per cent year-on-year to $752 million in 2025, signalling a structural shift from aid-based engagement to a more trade and investment-led partnership. FG omitted N8.8trn spending worth 2% of GDP from recent budgets — IMF By Yinka Kolawole, with agency report The International Monetary Fund (IMF) has disclosed that the Federal Government (FG) failed to capture public expenditure equivalent to about two per cent of Nigeria’s Gross Domestic Product (GDP) in recent national budgets, creating a mismatch between the country’s reported fiscal deficit and its actual financing needs. IMF’s Resident Representative […] NSC protects N90.6bn, $1.348m for Nigerian shippers By Efe Onodjae The Executive Secretary and Chief Executive Officer of the Nigerian Shippers’ Council (NSC), Dr. Akutah Pius, says the Council protects over N90.60 billion and $1.348 million in economic value for Nigerian shippers through regulatory interventions and dispute resolution. Speaking through a representative at a media engagement with maritime editors and reporters in Lagos, […] FG increases domestic borrowing by 241% By Elizabeth Adegbesan  As part of the Federal Government (FG) borrowing plan for the 2026 budget, the Central Bank of Nigeria, CBN, has issued Treasury Bills, TBs, to raise N5.8 trillion in the third quarter of 2026 (Q3’26). This represents a 241 percent year-on-year (YoY) increase when compared to N1.76 trillion sold in Q3’25. CBN disclosed […]