By Adeyemi David The Federal Government has introduced a new industrial policy designed to revive dormant factories, strengthen domestic manufacturing, and reposition Nigeria as a competitive industrial hub. Minister of State for Industry, John Owan Enoh, announced the framework during an engagement with the Nigerian Guild of Editors, stressing that industrialisation is critical to the…
By Adeyemi David The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) over its alleged failure to account for ₦3 trillion in public funds, including more than ₦629 billion paid to “unknown beneficiaries” under the Anchor Borrowers’ Programme. In a statement on Sunday, SERAP Deputy Director…
By Adeyemi David The Nigerian Civil Aviation Authority (NCAA) has raised concerns over what it described as persistent regulatory compliance challenges within Nigeria’s aviation industry, warning that no operator is above the law. The Director of Public Affairs and Consumer Protection at the NCAA, Michael Achimugu, said some industry stakeholders have grown accustomed to “anyhowness”…
By Adeyemi David The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Maritime Administration and Safety Agency (NIMASA) have reaffirmed their commitment to enhancing Nigeria’s investment climate through strengthened inter-agency collaboration. The development followed a meeting on Friday, February 13, 2026, at the corporate headquarters of NUPRC in Abuja, where the Commission’s Chief Executive,…
By Adeyemi David Nigeria’s state governments have witnessed unprecedented revenue growth in the past two years, driven by rising Federation Account Allocation Committee (FAAC) disbursements, fuel subsidy removal, foreign exchange reforms, and improved oil receipts. Total FAAC allocations surged from N8.21 trillion in 2022 to N15.26 trillion in 2024, and preliminary data for 2025 indicates…
By Adeyemi David Employee corruption and occupational fraud are silently draining Nigeria’s Micro, Small and Medium Enterprises (MSMEs) of an estimated ₦5 to ₦10 trillion each year, threatening business sustainability, job creation, and the country’s economic growth, experts have warned. The Chief Executive Officer of the Centre for the Promotion of Private Enterprise, Dr. Muda Yusuf…
By Adeyemi David The Managing Director of the Nigerian Ports Authority, Abubakar Dantsoho has called on traders and investors to leverage newly introduced export channels to reposition Nigeria in the global marketplace. Speaking during the 2026 NPA Special Day on Saturday, Dantsoho said the authority had rolled out simplified processes designed to dismantle long-standing bureaucratic bottlenecks…
By Adeyemi David The Nigeria Deposit Insurance Corporation has stepped up efforts to deepen public understanding of deposit insurance while reaffirming that depositor funds remain protected under its regulatory framework. Managing Director of the corporation, Thompson Sunday, disclosed this at a stakeholders’ town hall meeting held on Saturday in Lagos. The meeting, themed “Strengthening Depositor…
The Chairman of Nigerian Exchange Group, Umaru Kwairanga has called for the listing of viable state-owned enterprises as part of efforts to deepen liquidity and strengthen Nigeria’s capital market. Kwairanga made the appeal in a statement on Saturday after a strategic engagement with industrialist Aliko Dangote on Friday, which focused on sustaining ongoing reforms and expanding…
Lanre Kasim of Guaranty Trust Bank has called on bank customers to deepen fraud awareness and improve financial literacy to better protect their finances. Kasim made the appeal while speaking on customer responsibilities at a stakeholders’ meeting organised by the Nigeria Deposit Insurance Corporation on Saturday in Lagos. She described financial literacy as the knowledge…
