Nigeria is failing to unlock an estimated $296 billion blue economy opportunity despite recent improvements in port operations and maritime security. The chairman of the Alliance for Economic Research and Ethics, Dele Oye, raised this concern in a report he issued over the weekend. According to him, chronic underfunding and fragmented regulation are threatening to …
Nigeria's economic managers are expected to keep interest rates high and tighten liquidity in the coming months as they focus on reducing inflation and stabilising the naira. This development will keep borrowing costs elevated for businesses and households, according to economic policy analyst Dr Felix Ijeh. He said the Federal Government and the Central Bank …
As Millions of Nigerians Struggle With Rising Food Prices, Rent and School Fees, a Pinnacle Daily Investigation Reveals the Sectors Quietly Profiting From the Crisis At dawn, traders at Abuja's Utako Market begin arranging tomatoes, peppers, and onions that now cost nearly twice what they did a few years ago. Across town, a civil servant …
Nigeria's headline inflation may have stabilised in June, but rising food prices remain a major threat to households and the economy, the Centre for the Promotion of Private Enterprise (CPPE) has warned. In a policy brief issued on Thursday, the Chief Executive Officer of CPPE, Dr Muda Yusuf, said the latest inflation figures showed that …
The Bank of Agriculture (BoA) has raised concerns that Nigeria's deepening energy poverty is undermining food security, agricultural productivity and rural livelihoods, warning that millions of Nigerians and thousands of farming communities remain without reliable electricity. The warning was issued during a capacity-building workshop on the Clean Energy Access Framework (CEAF) for BoA staff in …
The Federation Account Allocation Committee (FAAC) has shared N2.55 trillion among the Federal Government, state governments and local government councils from June 2026 revenue. This marks the highest monthly allocation so far this year as stronger tax collections and oil-related revenues boosted the distributable pool. Details of the distribution were contained in a statement signed …
Nigeria's headline inflation rate eased slightly to 15.91 per cent in June 2026, but food prices accelerated sharply during the month. This underscores the continued pressure on household budgets despite broader signs of easing price growth. In its latest Consumer Price Index (CPI) report released on Wednesday, June 15, the National Bureau of Statistics (NBS) …
Nigeria's state governments are receiving more money than at any other time in recent years, but beneath the surge in revenues lies a growing fiscal concern. While internally generated revenue (IGR) has continued to rise in absolute terms, it is losing ground to the rapid increase in allocations from the Federation Account Allocation Committee (FAAC), …
The federal government has established a high-level Ministerial Advisory Committee (MAC) to provide strategic guidance on Nigeria's fiscal and macroeconomic reforms. This comes as the government seeks to accelerate implementation and ensure that the benefits of ongoing policies reach businesses and households. The committee was inaugurated on Tuesday in Abuja by the Minister of Finance …
A six-month extension sparks debate over governance, succession and the President's strategy ahead of 2027 President Bola Ahmed Tinubu's decision to extend the tenure of the Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, by six months has ignited fresh debate over governance, institutional succession, and the exercise of presidential discretion as …
