By Seun Ibiyemi President Bola Tinubu has ruled out reinstating petrol subsidy, insisting that Nigeria lacks the financial capacity to return to the policy as his administration faces mounting pressure over rising fuel prices and the cost of living. Tinubu stated this on Monday while addressing members of the City Boy Movement, arguing that reversing…
The Federal Government has challenged the World Bank’s assessment of Nigeria’s debt position, describing concerns that interest payments exceeded government revenue in the first half of 2026 as misleading and arguing that the calculation failed to capture the full picture of the country’s fiscal position. The Federal Ministry of Finance said the reported interest payments…
Nigeria’s imported food inflation slowed to 9.19 per cent in September 2026, its lowest level in six months, as monthly price increases moderated significantly, offering a fresh indication of easing inflationary pressures amid persistent concerns over food affordability and the country’s dependence on imports. Figures derived from the latest data released by the National Bureau…
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has called for further monetary easing and urgent reforms to reduce food, energy and transportation costs following a decline in Nigeria’s headline inflation rate to 14.63 per cent in September 2026. The latest inflation figure represents a 76-basis-point decline from 15.39 per cent…
By Seun Ibiyemi The Corporate Affairs Commission (CAC) has warned accredited insolvency practitioners in Nigeria to complete their accreditation renewal by December 1, 2026, or risk automatic suspension and loss of eligibility to handle insolvency-related assignments. The commission also directed all accredited practitioners, including those whose certificates have not expired, to undergo fresh registration as…
Africa Finance Corporation (AFC) has appointed the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, as Chairman of its Board of Directors, in a move that places Nigeria’s apex bank chief at the helm of the pan-African infrastructure financing institution. Cardoso succeeds Ireti Samuel-Ogbu, who served as the corporation’s board chair and will…
By Seun Ibiyemi The Federal Government has unveiled Project Nigeria, a portfolio of 65 bankable investment opportunities valued at $78.5 billion, as it seeks to attract domestic and international institutional investors to critical infrastructure and industrial development. The investment pipeline was presented on Wednesday at the Nigeria Investors Forum, held on the sidelines of the…
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has defended the Federal Government’s fuel price relief initiative through the Nigerian National Petroleum Company Limited (NNPC), insisting that the intervention does not amount to a reversal of Nigeria’s petroleum subsidy removal policy. The organisation said the initiative was a temporary response to…
Nigeria’s National Single Window (NSW) platform has processed 156,026 licences, permits and certificates since its launch on March 27, 2026, as the Federal Government advances plans to expand the digital trade facilitation system to cover export-related services. The project team disclosed this on Tuesday during a stakeholder engagement with the press in Abuja, where it…
By Seun Ibiyemi Dangote Petroleum Refinery and Petrochemicals FZE has extended the closing date of its initial public offering (IPO) by two weeks to October 27, 2026, to allow more investors across Africa to participate in the share sale. The extension, approved by the Securities and Exchange Commission (SEC), moves the deadline from October 13,…
