Nigeria is failing to unlock an estimated $296 billion blue economy opportunity despite recent improvements in port operations and maritime security. The chairman of the Alliance for Economic Research and Ethics, Dele Oye, raised this concern in a report he issued over the weekend. According to him, chronic underfunding and fragmented regulation are threatening to …
The Nigeria Labour Congress (NLC) says it is preparing for a major national struggle to push for a comprehensive review of the national minimum wage and improved welfare for pensioners. NLC President Comrade Joe Ajaero disclosed this in Abuja while speaking at the commissioning of the Comrade Godwin Abumisi Pensioners Legacy House and Multipurpose Hall. …
As floods ravage different parts of Lagos following torrential rainfall in recent weeks, residents are grappling with another growing menace—heaps of refuse littering streets, roadsides, markets, clogged drainage channels, and waterlogged communities, raising fears of a public health and environmental crisis. For over two decades, Lagos was regarded as one of Africa's cleanest cities, as …
Rather than raising taxes, Nigeria is reshaping its revenue mobilisation strategy to widen the tax base and improve the efficiency of tax collection. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, reiterated this at the BusinessDay 14th Annual CEO Forum in Lagos, describing the approach as key to sustaining long-term economic …
As Millions of Nigerians Struggle With Rising Food Prices, Rent and School Fees, a Pinnacle Daily Investigation Reveals the Sectors Quietly Profiting From the Crisis At dawn, traders at Abuja's Utako Market begin arranging tomatoes, peppers, and onions that now cost nearly twice what they did a few years ago. Across town, a civil servant …
The Dangote Petroleum Refinery has shielded Nigerian consumers from rising global fuel prices by keeping domestic petrol prices stable despite increasing international gasoline prices, higher freight costs, and tightening global fuel supplies. This was contained in the latest market intelligence by S&P Global Commodity Insights. According to the report, fuel importers supplying the Nigerian market are …
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has called on the Federal Government to immediately restore full commercial production at the state-owned refineries. It warned that relying on a single dominant refinery poses risks to fuel pricing, currency stability, and Nigeria's energy security. It made the call in a statement issued on …
The Alliance for Economic Research and Ethics has warned that Nigeria's growing number of ministries, departments, and agencies (MDAs) is hurting businesses, discouraging investment, and weakening the economy, calling for the urgent implementation of long-delayed public sector reforms. The group raised the concerns while reacting to a recent sealing of three soya milk factories in …
A Village Called Pan Nhiam Imagine a proud village that welcomes four strangers who arrive claiming grand titles: a professor of medicine, a professor of law, a professor of accounting, and a surgeon. The villagers, trusting and eager for progress, take them at their word. No one asks for proof. No one checks a certificate …
A six-month extension sparks debate over governance, succession and the President's strategy ahead of 2027 President Bola Ahmed Tinubu's decision to extend the tenure of the Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, by six months has ignited fresh debate over governance, institutional succession, and the exercise of presidential discretion as …
