Human rights lawyer and activist, Comrade Deji Adeyanju, has raised a fresh alarm over Nigeria’s worsening housing crisis, calling on President Bola Tinubu to declare a State of Emergency on housing and urban tenancy as rising rents and excessive charges push millions of Nigerians deeper into financial hardship. In an open letter he reportedly wrote …
The National Assembly on Tuesday commended the Securities and Exchange Commission (SEC) for strengthening its revenue base and fiscal sustainability, while urging the regulator to surpass its 2026 revenue target by at least 20 per cent. The commendation came during the 2026 Revenue Monitoring Exercise with the Commission in Abuja, where the Deputy Chairman of …
Nigeria's foreign exchange market recorded its highest weekly turnover this year; however, a new analysis has warned that the milestone may reflect temporary, large transactions rather than lasting improvements in market liquidity and stability. According to an editorial released by the Alliance for Economic Research and Ethics, total spot and derivatives turnover reached $4.375 billion …
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, and the Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, will headline the 7th Africa Emerging Markets Forum in Abuja on July 29 and 30, 2026. The two global economic leaders will feature in a high-level fireside dialogue on how African economies …
The Centre for the Promotion of Private Enterprise (CPPE) has said the United States' decision to impose a 12.5 per cent tariff on imports from Nigeria is unlikely to have a significant impact on the country's export earnings or broader economy, as most Nigerian exports to the US are exempt from the new measures. In …
Lower electricity output dragged Transcorp Group's half-year earnings, while manufacturers such as Unilever Nigeria and Guinness Nigeria returned stronger profit growth as lower foreign exchange losses eased pressure on their bottom lines. Pinnacle Daily can report. Its analysis of the H1 2026 financial results of Transcorp Group, Transcorp Hotels, Unilever Nigeria, Guinness Nigeria, Fidson Healthcare …
Nigeria's ambitious Industrial Policy 2025 faces implementation concerns as millions of small businesses struggle to survive harsh operating conditions. The Chairman of the Alliance for Economic Research and Ethics, Dele Kelvin Oye, raised the concern. According to him, Nigeria's Industrial Policy 2025 (NIP2025) risks failing to achieve its objectives unless the government closes the gap …
Olu Olanrewaju, Director of Altair International, in this interview with FRIDAY EHIME ALEX, argues that Nigeria's housing crisis will not be solved by simply building more estates but by creating a functioning housing market that treats housing as a productive economic sector rather than a construction-driven welfare programme. Drawing on more than 30 years of …
The Federal Government has inaugurated an inter-ministerial committee to develop a new Value Added Tax (VAT) Modification Order aimed at supporting the implementation of Nigeria's Tax Reform Acts, which took effect on January 1, 2026. The committee was inaugurated by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, at the Federal …
The Nigerian stock market returned to positive territory in the week ended July 24, reversing the mild setback recorded in the previous week as investors renewed buying interest in banking and industrial stocks, pushing the benchmark index and market capitalisation to fresh highs. The Nigerian Exchange (NGX) All-Share Index (ASI) gained 1.60 per cent to …
