By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has called on businesses and government to adopt urgent measures to mitigate the impact of escalating energy costs on Nigeria’s economy, warning that the trend could threaten the sustainability of many small and medium enterprises. In an advisory note titled “Mitigating the Impact…
..As reforms raise capital inflows by 200% By Seun Ibiyemi The Central Bank of Nigeria Governor, Olayemi Cardoso has said reforms in Nigeria’s foreign exchange (FX) market have significantly improved liquidity, restored investor confidence, and stabilised the Naira. Cardoso made the remarks on Thursday in Lagos while delivering a distinguished Alumni Lecture at St. Gregory’s…
By Seun Ibiyemi The Acting Customs Area Controller of the Oyo/Osun Area Command of the Nigeria Customs Service, Deputy Comptroller Wale Adewole, on Thursday paid courtesy visits to the palaces of the Aseyin of Iseyin, Sefiu Olawale Oyebola Adeyeri III, and the Soun of Ogbomosho, Ghandi Olaoye, as part of efforts to strengthen collaboration with…
By Seun Ibiyemi Nigeria spent a total of $5.21 billion on servicing external debt in 2025, accounting for more than 72 per cent of the country’s total international payments, according to data released by the Central Bank of Nigeria (CBN). Figures published on the apex bank’s website show that external debt service payments rose from…
The Federal Government has reaffirmed its commitment to market-based petrol pricing, insisting it will not introduce price controls despite rising geopolitical tensions in the Middle East that have heightened volatility in global oil markets. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this during an interview on Politics Today on…
By Seun Ibiyemi The Nigeria Customs Service (NCS) has warned members of the public about a fraudulent notice circulating online claiming to advertise an upcoming vehicle auction. In a statement issued on Wednesday, the Service clarified that the notice is fake and did not originate from the NCS, urging Nigerians to disregard the information and…
By Seun Ibiyemi Geregu Power Plc has projected a post-tax profit of N8.1 billion for the second quarter of 2026, translating to earnings per share of N3.27, as the power generation company forecasts steady performance despite a more cautious revenue outlook. According to the company’s financial forecast, sales for the quarter are expected to reach…
By Seun Ibiyemi Nigeria’s decision to power the Aso Rock Presidential Villa with its own solar energy system marks a symbolic and potentially transformative moment for the nation’s beleaguered electricity sector. While the move has drawn praise for its environmental foresight, it also lays bare deep structural problems in the country’s energy supply and carries…
By Seun Ibiyemi The Nigerian Railway Corporation (NRC) has ordered an immediate investigation into the alleged assault of a lecturer from the University of Ibadan, Dr. Mikail Abdussalam, at the Obafemi Awolowo Train Station in Moniya, Ibadan. In a statement issued by the Managing Director and Chief Executive Officer of the corporation, Kayode Opeifa, the…
By Seun Ibiyemi The Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, has reiterated the Service’s commitment to creating a fully paperless port environment as part of ongoing reforms aimed at improving trade facilitation and eliminating bureaucratic bottlenecks in Nigeria’s maritime sector. Adeniyi made this known on Friday during a high-level strategic meeting with the…
