The Nigerian Economic Summit Group (NESG) has cautioned the Federal Government against reversing fuel subsidy reforms, warning that such a move could destabilise the economy and undermine recent gains. Speaking during a media briefing on Friday, NESG Head of Research, Dr. Joseph Ogebe, described 2026 as a “make-or-break” year for Nigeria, stressing the urgency of …
Nigeria must urgently accelerate privatisation, unlock private capital through public markets, and rethink how it finances infrastructure if it is to overcome its fiscal constraints and deliver sustainable growth. The Chief Executive Officer of Chapel Hill Denham, Bolaji Balogun, said in an interview with Proshare on the theme: ‘Infrastructure, Fiscal Space, and Capital Market Funding.’ …
Nigeria’s economic direction in April 2026 is being shaped by five major forces ranging from monetary policy shifts to global shocks, according to a new report by the Alliance for Economic Research and Ethics LTD/GTE. In its 'Weekly Intelligent Business & Ethics Report' seen by Pinnacle Daily, the group said these forces are driving both …
Nigeria’s economy showed signs of improving stability in the first quarter of 2026, but rising costs, geopolitical tensions and political risks could undermine progress in the months ahead, the Centre for the Promotion of Private Enterprise (CPPE) has said. In a policy brief issued on Sunday, April 5, its Chief Executive Officer, Dr Muda Yusuf, …
Nigeria attracted $23.21 billion in foreign capital in 2025, marking an 88.5 per cent increase from $12.31 billion recorded in 2024. The National Bureau of Statistics (NBS) disclosed this in its Capital Importation Report for 2025. The data reflects renewed investor interest in the economy. Capital inflows started the year at $5.64 billion in the …
The Centre for the Promotion of Private Enterprise (CPPE) has rejected proposals for additional taxation on sugar-sweetened beverages (SSBs), warning that such a move would worsen cost pressures on businesses, undermine economic recovery, and trigger job losses across Nigeria’s manufacturing value chain. In a policy brief released Tuesday, signed by its Chief Executive Officer, Dr …
The Centre for the Promotion of Private Enterprise (CPPE) has outlined measures businesses and government can adopt to cushion the impact of rising petroleum product prices. CPPE Chief Executive Officer Muda Yusuf made the recommendations in an advisory note issued on Sunday, March 15. He warned that the escalating cost of energy could further strain …
Minister of Aviation and Aerospace Development Festus Keyamo has firmly stated that there is "no going back" on the implementation of the Federal Airports Authority of Nigeria (FAAN) cashless policy at airports across the country. This declaration comes after President Bola Tinubu temporarily suspended the full enforcement of the cashless system due to the significant …
The Nigeria Revenue Service (NRS) has set up a Curriculum Review Committee to strengthen taxation education in Nigerian institutions and improve the country’s tax administration system. The agency inaugurated the committee on February 24, 2026, at the NRS Academy in Durumi. The move forms part of efforts to modernise tax education and align academic …
The Central Bank of Nigeria (CBN) has been hitting the right notes lately with its effort to increase its reserves, which have now effectively crossed the $50 billion mark, the first time in 13 years. In the last 24 hours, the apex announced that it increased total gold holdings to $3.5 billion after taking delivery …
