By Seun Ibiyemi The Centre for the Promotion of Private Enterprise has defended the Dangote Refinery against growing calls for unrestricted importation of petroleum products, warning that such a policy could undermine Nigeria’s industrialisation ambitions and weaken local refining investments. In a statement titled “Import Liberalisation and the Risks of Deindustrialisation in Nigeria,” the Chief…
By Seun Ibiyemi The Nigeria Customs Service (NCS) has reiterated the need for stronger collaboration, intelligence sharing, and inter-agency synergy in combating terrorism financing, money laundering, wildlife trafficking, and other forms of transnational organised crimes across the country. The Comptroller-General of Customs, Adewale Adeniyi, stated this on Wednesday during a study tour by participants of…
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has commended the Central Bank of Nigeria (CBN) for retaining all key monetary policy parameters at the 305th meeting of the Monetary Policy Committee (MPC), describing the decision as pragmatic and reflective of a deeper understanding of Nigeria’s inflation challenges. In a statement…
The Executive Chairman of the Nigeria Revenue Service (NRS), Dr Zacch Adedeji, says the service is targeting N40 trillion in tax revenue for the federation in 2026. He stated this on Tuesday in Abuja during a national workshop on strengthening tax compliance under the new tax regime and collaborating with sub-nationals for enhanced revenue collection….
Multi-billionaire businessman and Chairman of United Bank for Africa, Tony Elumelu, is expected to be formally elected to the board of Seplat Energy on Wednesday, May 20, 2026, as shareholders convene virtually for the company’s 13th Annual General Meeting (AGM). This is according to the Notice of Annual General Meeting recently filed with the Nigerian…
The Federal Government has unveiled digital platforms for the Office of the Tax Ombud (OTO) to strengthen transparency, accountability and fairness in Nigeria’s tax administration system. The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, unveiled the website, call centre and management portal on Monday in Abuja. He described the initiative…
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has urged the Monetary Policy Committee (MPC) of the Central Bank of Nigeria to strike a careful balance between inflation control and economic growth as it prepares for its 305th meeting, warning that further monetary tightening could deepen Nigeria’s fragile recovery. In an…
The Chartered Institute of Bankers of Nigeria (CIBN) on Saturday formally installed Dr. Dele Alabi, FCIB, as its 24th President and Chairman of Council, in a grand investiture ceremony marked by royal splendour, high-level financial sector representation, and renewed institutional direction. The ceremony also featured the unveiling of the Institute’s new strategic blueprint, the IMPACT…
By Seun Ibiyemi The International Finance Corporation (IFC) says it will immediately deploy a mission to Nigeria to explore scalable investment structures aimed at unlocking private capital into the country’s livestock, energy and housing sectors. Managing Director of the corporation, Makhtar Diop, disclosed this on Thursday during a meeting with Bola Ahmed Tinubu on the…
Outgoing President of the Chartered Institute of Bankers of Nigeria (CIBN), Prof. Pius Olanrewaju, has called for stronger ethics and professionalism to sustain stability and public confidence in Nigeria’s financial system. Olanrewaju made the call on Thursday in Lagos during his valedictory address marking the end of his tenure as president of the institute. Speaking…
