The Centre for the Promotion of Private Enterprise (CPPE) has warned that debt sustainability projected at 46 per cent of revenue for the 2026 fiscal year remains a critical concern. The centre raised the alarm in a statement on Sunday, December 7, signed by its Director/Chief Executive Officer, Muda Yusuf. The Centre highlighted key issues …
Social media users have begun to raise concerns that landlords will hike rents because of a provision in the new tax law. Their worries bordered on the provision of the 20 per cent relief on annual rent and up to ₦500,000 relief the new tax law provides. In a Facebook post, a social media user …
The report highlights stocks with share prices below ₦20 that have more than doubled in value, which could be a smart investment choice for individual investors. An individual who had invested ₦1 million in any of the cherry stocks trading at a share price of below ₦20 at the beginning of the year and held …
Lagos and Kaduna states have emerged as the top-performing states in the federal government's ease of doing business (EoDB) ranking for 2025. The Director-General of the Presidential Enabling Business Environment Council (PEBEC), Zahrah Audu, stated in a press release on Thursday, December 4. The ranking is based on the council’s 2025 subnational Ease of Doing …
The Securities and Exchange Commission (SEC) has flagged Glorious Wealth Fund (GWF) as a fraudulent and unlicensed online investment platform. The commission raised the alarm in a statement on Thursday, December 4, warning Nigerians against transacting with the platform. “The attention of the Securities and Exchange Commission (SEC) Nigeria has been drawn to the activities …
Africa’s biometric systems are blocking millions of citizens from access to fundamental rights and services, a report has shown. The report, titled ‘Biometric Digital-ID in Africa: Progress and Challenges to Date – Ten Country Case Studies’, was published on Thursday, December 4, by the Institute of Development Studies (IDS). It provides the most comprehensive and …
The Federal High Court (FHC) in Abuja has reportedly appointed a liquidator for Dantata & Sawoe Construction Company Limited over its repeated failure to pay $1.4 million, following a settlement agreement. Justice Mohammed Umar granted the petitioner, Zutari Consulting, the request for the appointment of a liquidator in an order on Wednesday, December 3. The …
The Federal Executive Council (FEC) has approved the 2026–2028 Medium-Term Expenditure Framework (MTEF) with a ₦34.33 trillion revenue target. The council approved the MTEF during its meeting on Wednesday, December 3, at the State House, Abuja, presided over by President Bola Tinubu. The Minister of Budget and Economic Planning, Atiku Bagudu, made this known to journalists. He …
Nigeria’s headline inflation is expected to drop to 15.48 per cent in November but to spike over 30 per cent in December. United Capital Research forecasts this in its ‘Inflation Watch’ report released on Wednesday, November 3. The anticipated moderation will be driven by a slight reduction in the prices of selected food items and …
The Central Bank of Nigeria (CBN) has limited weekly cash withdrawals for individuals to ₦500,000 and corporates to ₦5 million. It gave the directive to banks in a new revised set of rules, stating that the order will take effect from January 2026. This ends the previous special authorisation permitting individuals to withdraw ₦5 million …
