The Nigeria Customs Service (NCS) says it is deepening its commitment to global best practices in revenue generation, trade facilitation, and border security through its ongoing Trade Modernisation Project (TMP), a major reform drive aimed at transforming how goods are processed across the country’s entry points. The Comptroller-General of Customs, Adewale Adeniyi, made this known …
The Centre for the Promotion of Private Enterprise (CPPE) has warned against any retaliatory action by the Nigerian government over recent xenophobic attacks in South Africa, saying such moves would damage the Nigerian economy and weaken investor confidence. In a statement issued on Wednesday, May 6, Chief Executive Officer of CPPE, Dr Muda Yusuf, described …
The exit of the United Arab Emirates (UAE) from the Organisation of Petroleum Exporting Countries (OPEC) has raised concerns about its impact on global energy markets, especially for oil-dependent economies like Nigeria. While the UAE’s move is largely informed by its shift toward expanding production capacity and diversifying its economy, analysts say the implications could …
Nigeria is losing as much as ₦7 trillion every year to insecurity, a burden that is weighing heavily on the economy, weakening growth, and pushing up prices, according to a recent publication by the Central Bank of Nigeria (CBN). The report, titled Bullion Vol. 50, No. 1 (January – March 2026), released recently by CBN, …
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 …
