OPS seeks President’s help to stop beverage levy bill
By Yinka Kolawole The Organised Private Sector of Nigeria (OPSN), has called for President Bola Tinubu’s intervention to halt the passage of the proposed Customs, Excise and Tariff Amendment (CETA) Bill currently before the National Assembly which seeks to introduce a percentage levy per litre of the retail price on non-alcoholic beverages. The members of OPSN […]
Why petrol prices’ll remain high — Dangote
AT the backdrop of excruciating retail prices of petrol across Nigeria despite the operation of domestic refining capacity, management of Dangote Refinery has indicated that the cushioning effect expected from its operations has been affected by global market forces including the crises in the middle-east, the world’s crude oil hub.
Rail passenger revenue exceeds FG’s N7bn target by 11%
By Elizabeth Adegbesan Revenue generated from rail passengers in 2025 exceeded the Federal Government’s (FG) N7.01 billion target by 11 percent. Recall that in February 2025 the FG set a target of generating N7.01 billion in revenue from rail passengers by the end of 2025 with the aim of expanding services and recovering from previous security […]
CBN grants IOCs access to repatriate 100% export proceeds
The Central Bank of Nigeria, CBN, on Wednesday, granted International Oil Companies (IOCs) unfettered access to repatriate 100 percent of their export proceeds through Authorised Dealer Banks (ADBS).
CBN reaffirms oversight, assures stability of Union Bank after court ruling
The Central Bank of Nigeria (CBN) on Wednesday assured the public of the stability of Union Bank PLC, saying it will continue to provide regulatory oversight of the bank and review the court judgement regarding its intervention in the bank.
SEC, NYSC sign MoU to promote sound investment habit
By Peter Egwuatu THE Securities and Exchange Commission (SEC) and the National Youth Service Corps (NYSC) have signed a Memorandum of Understanding (MoU) to promote financial literacy and protect young Nigerians from fraudulent investment schemes. The agreement, signed in Abuja by SEC Director-General, Dr. Emomotimi Agama, and NYSC Director-General, Brigadier General Olakunle Oluseye Nafiu, will integrate […]
MAN urges Africa to boost industrial capacity through value addition
By Providence Ayanfeoluwa THE Director-General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, has called on African countries to strengthen industrial capacity through backward integration and value addition, rather than exporting raw materials. Speaking during a facility tour of Coleman Technical Industries Limited in Sagamu, Ogun State, Ajayi-Kadir said Africa must develop the capacity to […]
Solid Minerals: FG attracts over $2.6bn FDI in 2 yrs —Alake
By Gabriel Ewepu THE Minister of Solid Minerals Development, Dr. Dele Alake, disclosed that the Tinubu-led administration has attracted over $2.6 billion in Foreign Direct Investment, FDI into the sector in two years. Alake made this known in a statement signed by his Special Assistant on Media, Segun Tomori, where the Minister advocated for regional […]
Personal pension plan to change face of small businesses — Leadway
By Rosemary Iwunze Leadway Pensure PFA Limited, one of Nigeria’s leading pension fund administrators, has said that Nigeria’s Personal Pension Plan (PPP) will reshape small business owners’ retirement savings, making them more flexible and accessible and ultimately reducing the risk of old-age poverty. The company maintains that the initiative plays a critical role in Nigerian […]
CPPE demands govt’s intervention to over soaring energy costs
….says unreliable electricity imposes annual economic losses of N10trn By Gabriel Ewepu ABUJA – AS Nigerians grapple with soaring energy costs, the Centre for Promotion of Private Enterprises, CPPE, yesterday, demanded government’s urgent intervention to ease the burden. The Executive Director, CPPE, Dr Muda Yusuf, in a statement, pointed out that the continued pressure on Nigerians […]
Nigeria’s net domestic credit declined 6.9% to N109trn
By Peter Egwuatu Nigeria’s Net Domestic Credit, NDC, has dropped by 6.9 % Year-on-Year, YoY, in January 2026 to N109.4 trillion from N102.4 trillion in the same period in 2025, according to the Central Bank of Nigeria, CBN, latest money and credit report. The NDC is the total value of Bank credit to both the private […]
