The Centre for the Promotion of Private Enterprise (CPPE) has expressed its support for Nigeria’s recently re-based Gross Domestic Product (GDP) figures released by the National Bureau of Statistics (NBS). The re-basing, which now anchors the country’s GDP to a new base year of 2019, represents a key milestone in Nigeria’s economic management and statistical …
Former Minister Says Move Could Jeopardise Second-Term Bid By Rafiyat Sadiq Former Minister of Communications, Adebayo Shittu, has cautioned President Bola Ahmed Tinubu against replacing Vice President Kashim Shettima as his running mate ahead of the 2027 general elections. Shittu, who served in the cabinet of former President Muhammadu Buhari, said any attempt to drop …
By Esther Ososanya Senegal’s Prime Minister, Ousmane Sonko, has unveiled a bold national recovery plan; it's believed it could reshape the fiscal future of West Africa. Unveiled in Dakar before cabinet members, policy experts, and civil society groups, the plan introduces sweeping reforms. It targets corruption in the power sector and imposes fresh taxes on …
Esther Ososanya ActionAid Nigeria has urged the Federal Government to suspend its proposed 5% surcharge on fossil fuel transactions, warning that the policy could damage the country's fragile economic recovery and worsen inequality. The new levy, introduced in Section 158 of the recently gazetted Nigeria Tax Act, is scheduled to take effect in 2026. It …
By Esther Ososanya The Nigeria Customs Service (NCS) has launched a new Handbook on Import and Export Procedures for Renewable Energy Equipment to simplify Nigeria’s trade in clean energy goods and strengthen global partnerships that promote sustainable development. At the official launch in Abuja, Comptroller-General of Customs, Adewale Adeniyi, reaffirmed the agency’s commitment to efficient …
By Esther Ososanya Nigeria imported N146.11 billion worth of motorcycles in the first quarter of 2025, a surprising 24.4% increase from the N117.4 billion spent in the same period of 2024, according to the latest Foreign Trade in Goods Statistics released by the National Bureau of Statistics (NBS). The motorcycles, identified by the NBS as …
By Esther Ososanya U.S. President Donald Trump has granted Mexico a crucial 90-day reprieve from sweeping new tariffs, offering a temporary lifeline for one of America’s biggest trading partners while ramping up pressure on other countries to strike last-minute deals ahead of a new trade deadline. The extension announced after a Thursday morning call between …
Former Minister Calls for Fresh Constitution Rooted in Equity, Justice By Rafiyat Sadiq Former Minister of Education and Chief Executive Officer of Human Capital Africa, Dr Obiageli Ezekwesili, has described the ongoing constitutional amendment exercise by the National Assembly as a “charade” and a sheer waste of public resources. Ezekwesili made the remarks on Thursday …
By Esther Ososanya U.S. job growth slowed sharply in July, with nonfarm payrolls increasing by just 73,000 jobs, well below the 110,000 forecasted by economists polled by Reuters. The shortfall is even more concerning when paired with a sharp downward revision of June’s data, which now shows only 14,000 jobs were added that month, compared to the previously reported …
By Rafiyat Sadiq The African Democratic Congress (ADC) has dismissed the self-proclamation of Hon. Nafi’u Bala as the party’s national chairman, describing his claim as baseless and misleading. Bala, who served as the party’s Deputy National Chairman until his resignation in May 2025, had on Wednesday night addressed a press conference in Abuja where he …
