PAMA backs FG’s commitment to affordable long-term industrial financing
By Yinka Kolawole The Pan African Manufacturers Association (PAMA) has welcomed the Federal Government’s commitments to improve energy supply, provide affordable long-term financing for industries, strengthen local procurement, secure industrial corridors and establish quarterly engagements with manufacturers. According to the association, these priorities align with its broader commitment to advancing industrialisation, strengthening regional value chains […]
Moonshot 2026: ‘Stablecoins here to optimise financial system, not replace it’
Stablecoins could transform cross-border payments by reducing transaction delays, improving liquidity and making money transfers faster and more accessible, speakers at Moonshot 2026 have said.
Soaring duties, FX rates cripple Nigeria’s used-vehicle market
•As dealers lament sales slump By Glory Bassey Car dealers in Nigeria have lamented a sharp decline in vehicle sales, blaming soaring import duties, high exchange rate and rising cost of living as reasons why car ownership is increasingly becoming unaffordable for many Nigerians. A car dealer and importer, Mr Paul Uche, said the auto […]
Over 50% of financial industry ready for data localisation — CBN
By Babajide Komolafe The Central Bank of Nigeria (CBN) yesterday said that more than 50 per cent of Nigeria’s financial industry is ready to comply with data localisation requirements, stressing that the country must strengthen its digital sovereignty without undermining innovation and global technology integration. The Director, Payment System Supervision Department, CBN, Dr. Rakyat Yusuf, […]
Manufacturers raise alarm over N1.35trn alternative power costs, 18,935 job losses
“Nigeria’s economy grew by 3.87 per cent in 2025, up from 3.38 per cent in 2024, while headline inflation declined and the foreign exchange market became more stable”
Dredgers association disowns extortion claim against Lagos commissioner
By Providence Ayanfeoluwa The Dredgers Association of Nigeria, DAN, has dissociated itself from a publication alleging harassment, intimidation or extortion of dredgers and tipper operators by Commissioner for Waterfront Infrastructure Development, Lagos State, Ekundayo Alebiosu. A disclaimer signed by the National President, Batare Akpomejero; and National Secretary, Richard Ntan, said that the publication of the […]
