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 …
The Economic Community of West African States (ECOWAS) has strongly condemned the attempted military coup in the Benin Republic, describing it as a “subversion of the will of the people of Benin.” In a statement released on Sunday by the ECOWAS Commission, the regional group commended the West African nation’s army for responding swiftly and …
The government of the Federal Republic of Benin said on Sunday that the attempted coup by a group of soldiers had been thwarted. A group of soldiers, led by Lt-Col Pascal Tigri, had appeared on state television and announced that they had removed President Patrice Talon from office and suspended the constitution. The country’s interior …
Chevron Nigeria has expressed its intention to participate in the 2025 petroleum licensing round, hailing the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for its activities aimed at boosting the oil and gas business in the country. The Chairman and Managing Director of Chevron Nigeria/Mid-Africa Business Unit, Jim Swartz, gave the commendation when he visited the …
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 …
Nigeria has inched closer to its green-transition goals with the launch of a Climate-Smart Electric Vehicle Recharge Hub in Abuja, a move industry leaders say is critical to ensuring the country is not left behind in the global shift to electric mobility. Speaking at the two-day COP-30 Follow-Up Action Meeting and the unveiling of the …
For 15 years, Americans have been forced to chase crypto dreams offshore on exchanges with no real protections, where billions vanished in collapses like FTX. That era just ended. The U.S. Commodity Futures Trading Commission (CFTC) announced on Thursday, December 4, 2025, that spot cryptocurrency trading is now approved on federally regulated exchanges for the …
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 …
African central bank governors have renewed push for a unified monetary system for the continent, reaffirming plans for the eventual establishment of the African Central Bank. They made the commitment during a high-level summit in Yaoundé, where 41 central bank governors met to discuss climate-related financial risks and strengthen cooperation under the African Monetary Institute …
The Economic and Financial Crimes Commission (EFCC) has handed over N96.5 million to victims of a Ponzi scheme operating in Enugu State. EFCC spokesperson Dele Oyewale announced the development in a statement on Friday in Abuja, describing it as part of the agency’s commitment to fighting financial crimes and ensuring restitution for defrauded Nigerians. The …
