The Centre for the Promotion of Private Enterprise (CPPE) has said Nigeria is unlikely to suffer significant economic consequences from the United States’ decision to impose a 12.5 per cent tariff on imports from the country, arguing that the nation’s key exports remain largely unaffected. In a policy brief released on Sunday, the Chief Executive…
By Abba Aliyu For the first time in our modern history, Nigeria is no longer on the global energy map simply as a case study for grid fragility and power deficits. Today, our nation is being recognized across the continent and beyond as a premier pioneer and leader in renewable energy innovation. While successive administrations…
By Seun Ibiyemi The Nigerian Maritime Administration and Safety Agency (NIMASA) has reaffirmed its commitment to advancing maritime decarbonisation, promoting green shipping practices, and strengthening marine environmental protection as part of efforts to build a sustainable maritime industry in line with global environmental standards. The Director General of NIMASA, Dr. Dayo Mobereola, gave the assurance…
By Seun Ibiyemi The Senate has recommended budgetary and other sanctions against Ministries, Departments and Agencies (MDAs) that fail to implement resolutions passed by the upper legislative chamber, citing persistent disregard for legislative directives by several government institutions. The resolution followed the adoption of the report of the Senate Committee on Legislative Compliance, which reviewed…
By Seun Ibiyemi The Arewa Community in Ogun State has endorsed the governorship aspiration of Senator Solomon Olamilekan Adeola, popularly known as Yayi, pledging to mobilise support for the All Progressives Congress (APC) candidate across the state’s 20 local government areas ahead of the 2027 governorship election. The endorsement was announced during a consultative and…
Private sector operators secured N2.22 trillion in fresh loans within 30 days ended June 30, 2026, as credit to businesses continued to expand despite the Central Bank of Nigeria’s (CBN) tight monetary policy stance. Latest economic data released by the CBN showed that credit to the private sector rose from N81.04 trillion in May to…
The United States has imposed a 12.5 per cent tariff on imports from Nigeria under a new trade policy targeting countries it says have failed to prohibit the importation of goods produced with forced labour. The measure, announced by the Office of the United States Trade Representative (USTR), affects imports from 60 economies that Washington…
By Seun Ibiyemi Dangote Petroleum Refinery and Petrochemicals FZE has raised approximately $2.5 billion in a landmark private equity placement, completing what it described as Africa’s largest publicly disclosed primary equity private placement by value. The company said the transaction attracted overwhelming investor interest, with subscriptions reaching 3.7 times the initial offer size, underscoring strong…
By Seun Ibiyemi The Presidency has alleged that former Vice President Atiku Abubakar spent $1.2 million (about N1.66 billion) on American lobbyists to petition United States President Donald Trump and members of the US Congress over President Bola Tinubu. The allegation was contained in a statement issued on Thursday by the Special Adviser to the…
By Seun Ibiyemi In a bid to strengthening security architecture across the country, President Bola Ahmed Tinubu has approved the expansion of the Nigerian Army’s operational structure from eight to 12 divisions, recruitment of 28,000 personnel and improving the military’s operational effectiveness. The approval, announced on Thursday by the President’s Special Adviser on Information and…
