The Centre for the Promotion of Private Enterprise (CPPE) has warned that the Senate's proposed ban on textile fabric imports could put the livelihoods of an estimated 10 million Nigerians at risk. The group stressed that the measure would disrupt Nigeria's fashion, garment and furniture industries rather than revive local textile manufacturing. In a statement …
Across major Nigerian cities, angry tenants cry foul as landlords and caretakers cash in on the crumbling economy Desperate Tenants Crowdfund and Share Rooms to Survive Rent Hikes While Nigerians battle the high cost of fuel, food, transportation and healthcare, the rising cost of house rents has added a fresh layer to the country's …
The National Sports Commission (NSC) has intensified efforts to position sports as a major driver of economic development following the conclusion of a two-day strategic engagement with an international consortium of investors, business development promoters, and technical partners on the proposed development of a motorsports district in Abuja. The initiative, which is still at the …
When SpaceX debuted on the Nasdaq in June, the historic listing did more than make Elon Musk the world's first trillionaire on paper. It instantly added more than $2 trillion to the value of companies traded on the Nasdaq exchange and demonstrated how a single corporate giant can reshape a stock market. For Nigeria, the …
Dangote Refinery has further cut its ex-depot price of Premium Motor Spirit (petrol) from ₦1,175 to ₦1,125 per litre, reflecting a ₦50 reduction. This was confirmed in a notice sent by the refinery to its customers, where it indicated that the gantry loading price has been reduced from ₦1,175 per litre to ₦1,125 per …
The decision by the Nigerian Communications Commission (NCC) and the Corporate Affairs Commission (CAC) to require regulatory approval for significant changes in telecom company ownership raises concerns about whether the measure will strengthen market transparency or create fresh hurdles for investors. Under the new framework announced on June 21, any transfer of shares amounting to …
Nigeria’s latest inflation data for May 2026 present a complex and politically sensitive economic picture. The headline inflation is rising, monthly price pressure is slowing, food costs remain structurally high, and regional disparities are widening in ways that are quietly reshaping household survival patterns across the country. According to the Consumer Price Index (CPI) released …
The Nigerian Senate on Wednesday passed a bill to allow the establishment of state police in the country. The red chamber approved the bill after considering the report of its Committee on the Review of the Constitution, presented by Deputy Senate President Barau Jibrin, who is also the committee chairman. This comes 24 hours after …
Jaiz Bank Plc held a virtual Annual General Meeting today where Managing Director/CEO Dr Haruna Musa presented the bank's audited results for the year ended December 31, 2025, before taking questions from the media. Musa highlighted a 19 per cent rise in total assets to ₦1.29 trillion, a 24 per cent jump in customer deposits …
Family-owned businesses across Africa are growing faster than their global counterparts, even as inflation, tax complexity and supply chain disruptions weigh on the operating environment, according to PwC's Africa Family Business Survey 2025. The survey, which sampled 79 family businesses across East, West and Southern Africa, found that 66% reported sales growth in the past …
