Four years ago, Abubakar Malami stood at a political crossroads. One path led to Kebbi Government House. The other kept him at the centre of federal power as Nigeria's attorney general. He chose power over ambition. Today, as he battles asset forfeiture, corruption allegations and an uphill governorship race, that decision is once again under …
Nigeria's ambitious Industrial Policy 2025 faces implementation concerns as millions of small businesses struggle to survive harsh operating conditions. The Chairman of the Alliance for Economic Research and Ethics, Dele Kelvin Oye, raised the concern. According to him, Nigeria's Industrial Policy 2025 (NIP2025) risks failing to achieve its objectives unless the government closes the gap …
Olu Olanrewaju, Director of Altair International, in this interview with FRIDAY EHIME ALEX, argues that Nigeria's housing crisis will not be solved by simply building more estates but by creating a functioning housing market that treats housing as a productive economic sector rather than a construction-driven welfare programme. Drawing on more than 30 years of …
Despite windfalls recorded by many oil-producing nations in recent months following the tension in the Middle East, Nigeria lost an estimated N5.1 trillion in expected oil revenue in six months. The 2026 federal budget has a target of 1.84 million barrels per day (bpd), but the data published by the Nigerian Upstream Petroleum Regulatory Commission …
Nigeria is among 60 countries affected by a new round of United States import tariffs that took effect on Friday, as President Donald Trump's administration tightened its trade policy with duties of up to 12.5 per cent on imports from major trading partners. The new measures replace a temporary global tariff introduced earlier this year …
Dangote Petroleum Refinery has raised $2.5 billion in fresh equity through a private placement that attracted almost $4 billion in investor demand, in what the company says is Africa's largest publicly disclosed primary equity placement by value. The offer closed 3.7 times oversubscribed against its original target, the refinery's operating company, Dangote Petroleum Refinery and …
From Okrika clothes and fairly used phones to second-hand furniture, appliances, and cars, rising prices and shrinking purchasing power are reshaping how Nigerians consume. For years, buying second-hand goods in Nigeria carried a social stigma. Used clothes, electronics, fairly used phones, furniture, and appliances were dismissed as "okrika", often associated with people who could not …
Nigeria could face a major funding gap if the United States withdraws all foreign assistance, potentially losing between $740 million and $790 million annually based on historical disbursement trends. The development would end more than a decade of steady US financial support that has channelled almost $8.9 billion into the country since 2015. Data from …
President Bola Tinubu has ended nearly a decade of regulatory guesswork over how Nigeria polices its cryptocurrency market, signing an executive order that hands coordinated oversight to a new council chaired by the Central Bank of Nigeria. The Presidential Executive Order on Virtual Assets Coordination, 2026, took effect immediately upon signing on 17 July. It …
Dangote Petroleum Refinery has reversed its recent dollar-pricing policy, resuming the sale of petrol in naira and setting a new ex-depot gantry price of ₦1,215 per litre. The decision, announced on Wednesday, provides a measure of relief to marketers and consumers by eliminating foreign exchange exposure that had complicated planning and squeezed margins for local …
