The Centre for the Promotion of Private Enterprise (CPPE) has warned that increasing salaries alone will not improve the welfare of Nigerian workers, urging the government to focus on reducing the cost of living and fixing basic services. In a policy brief issued Thursday, CPPE Chief Executive Officer, Dr Muda Yusuf, said the current focus …
The Nigeria Labour Congress (NLC) has warned that even a monthly salary of ₦1 million would be meaningless without a stable naira and a stronger economy. NLC President, Joe Ajaero, said workers are more concerned about the purchasing power of their income than headline salary figures, noting that rising inflation continues to erode earnings. “Even …
The Federal Competition and Consumer Protection Commission (FCCPC) has reminded airlines that passengers are entitled to care, including meals and hotel accommodation, during prolonged flight delays. The Commission said airlines are legally required to provide refreshments after extended waiting periods, while passengers affected by overnight delays must be offered hotel accommodation and transport. READ ALSO: …
The Federal Government has renewed its push to reposition Nigeria’s sugar industry, with the Minister of State for Industry, Senator John Owan Enoh, calling for the full operational take-off of the Nigeria Sugar Institute (NSI) in Ilorin, Kwara State, as a key driver of industrialisation and local sugar production. Senator Enoh made the appeal during …
The Nigerian government can unlock a $74 billion livestock industry if it abandons failed state-led models like Ajaokuta and adopts a private sector-driven “catalyst model", Chairman of the Alliance for Economic Research and Ethics, Dele Kelvin Oye, has said. Speaking at the 2026 Vanguard Newspaper Annual Economic Conference on Wednesday, Oye warned that Nigeria risks …
President Bola Tinubu has sacked the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, as part of a sweeping cabinet reshuffle that also removed the Minister of Housing and Urban Development, Umar Dangiwa. The Secretary to the Government of the Federation, George Akume, announced the changes in a memo on Tuesday. According …
The Sea Empowerment & Research Center (SEREC) has warned that Nigeria’s maritime sector risks losing a significant share of cargo to neighbouring countries due to persistent inefficiencies at its ports. In a policy advisory titled “Maritime Reform at a Crossroads: Data Signals, Export Concerns, and the Urgent Need for Execution Discipline,” SEREC reviewed trends from …
The Centre for the Promotion of Private Enterprise (CPPE) has said the Federal Government’s 2026 fiscal policy measures will significantly reshape Nigeria’s economy by favouring local production while putting pressure on import-dependent businesses. In a policy statement issued on Sunday, April 19, CPPE Chief Executive Officer, Dr Muda Yusuf, said the new tariff and tax …
Nigeria is facing a fresh wave of economic pressures despite recent reforms, as the International Monetary Fund warns of multiple risks that could slow growth and strain public finances in its latest Regional Economic Outlook for Sub-Saharan Africa. The report acknowledges that Nigeria made progress in 2025 through key reforms, but says the country now …
The Nigerian National Petroleum Company Limited (NNPC) saw its profit after tax drop by 64.67 per cent to ₦136 billion in February 2026, down from ₦385 billion in January, despite a 4.2 revenue increase to ₦2.68 trillion. The sharp profit decline came as crude oil and condensate production fell to 1.51 million barrels per day …
