MPC Holds Rate at 26.5%: Implications for Nigeria's Economy
The MPC left the monetary policy rate unchanged at 26.5%, citing caution amid renewed inflation. Analysts debate the decision's impact on growth, exchange rate, and banking resilience.
Category : Business
Nigeria, RwandAir Partner to Expand Export Routes Under AfCFTA
Nigeria partners with RwandAir to expand AfCFTA air cargo corridor to Kigali, Harare, and Lusaka, reducing export costs to under $2 per kilogram.
Africa's 2.8B Population by 2060: Socioeconomic Crisis Looms
Former Edo Governor Godwin Obaseki warns that Africa's projected 2.82 billion population by 2060 may cause a severe socioeconomic crisis unless education and employment systems are rethought.
Duty Cuts: Limits of Cheaper Imports on Economy's Sustenance
Nigeria's duty cuts on essential goods offer short-term relief but risk undermining local production and long-term economic transformation, exposing policy contradictions.
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Anatomy of Reform 8: Local Production and Import Substitution
Analysis of Nigeria's industrial localisation under Tinubunomics, using currency devaluation to force import substitution, and the challenges of energy costs and capital goods.
Nigerian Navy Pledges Resilient Tech-Driven Operations
The Nigerian Navy vows to enhance adaptability and technology in protecting maritime assets, as stated by CNS Vice Admiral Idi Abbas during the 70th anniversary interdenominational service.
NCC Sets New Rules for Virtual Network Operators
The NCC has released updated business rules for MVNOs, covering integration, revenue sharing, and consumer protection to boost competition and service quality.
Niger State Woos Dangote for Bida Basin Oil
Niger State government calls on Dangote Group and private investors to explore crude oil in Bida Basin, offering a JV-PPP model with minimal state stake.
Rising demand fuels unregulated mining in Nigeria
Unlicensed sand, granite, and laterite mining surges across Nigeria due to construction boom, causing erosion, biodiversity loss, and infrastructure damage, experts warn.
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Cooking Gas Price Hits N1,500/kg, Crisis Worsens
The Nigerian Association of Liquefied Petroleum Gas Marketers warns that cooking gas now sells above N1,500 per kg, threatening clean energy progress and burdening households.
UN, NCF Call for Urgent Action on Biodiversity Loss
The UN and Nigeria Conservation Foundation urge accelerated action to reverse biodiversity loss, warning of climate change, pollution, and exploitation threatening nature and livelihoods.
Stakeholders Seek Regulation of Aesthetic Medicine Industry
Stakeholders call for stronger regulation and training in Nigeria's aesthetic medicine sector to ensure patient safety and reduce medical tourism outflows.
Stakeholders Urge Developers to Explore Lagos Mainland
Stakeholders call on property developers to invest in Lagos Mainland real estate, focusing on student housing and mixed-use projects, while urging government to reduce approval costs and prevent displacement.
Firm Urges Property Market Reforms to Tackle Bureaucracy
Messrs Ubosi Eleh and Company calls for urgent property market reforms in Nigeria, citing poor land documentation, weak regulation, and limited data access as key constraints.
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NCAA Bars Air Peace, Ibom Air, ValueJet, 8 Others
The NCAA has barred 11 Nigerian airlines, including Air Peace and Ibom Air, from regulatory services over alleged debts, sparking industry concerns.
Christ Embassy Launches Major Kenya Feeding Initiative
Christ Embassy announces a major feeding initiative in Kenya, aiming to reach up to five million people weekly by end of 2026 to combat food insecurity.
Insurer Paid N7 Billion Claims in 2025
Nigerians received over N7 billion in claims from emPLE in 2025, covering life and general insurance, amid economic pressures. CEO reaffirms commitment to policyholders.
NAHCON Urges Dialogue Over Hajj Service Concerns in Mina
NAHCON responds to concerns over substandard mattresses and tight spaces in Mina, urging constructive engagement among stakeholders to resolve issues before pilgrims arrive.
Okpebholo Names Igbadumhe Livestock Adviser in Edo
Edo Governor Monday Okpebholo appoints Roland Igbadumhe as Special Adviser on Livestock Development, aiming to boost agriculture and empower young leaders in the state.
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NGX Weekly: Investors Lose N370bn as Market Closes Negative
Nigerian Exchange closed lower with All-Share Index down 0.25%, market cap at N160.08 trillion. Financial stocks dominated trading. 38 gainers, 55 losers.
FG Reaffirms Commitment to Inclusive Development, Housing
The Federal Government reaffirms commitment to inclusive development and sustainable housing, emphasizing cooperative housing models for affordable housing access.
Naira Slips N3.15 Against US Dollar in Official Market
The naira weakened slightly against the US dollar in the official market, closing at N1,375.46/$1. It also fell against the pound and euro. Analysts expect continued CBN intervention.
EU, ActionAid Unveil $2.5m Social Protection Project in Nigeria
The EU and ActionAid Nigeria have launched a $2.5 million project to strengthen social protection systems in 96 local government areas across four states, targeting 126,000 people.
Navy Vows Adaptable, Resilient, Tech-Based Operations
The Nigerian Navy commits to adaptability, resilience, and technology in maritime security, as CNS Idi Abbas speaks at 70th anniversary interdenominational service in Calabar.
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FRSC Urges Patience on Abuja–Kaduna Highway for Eid-el-Kabir
FRSC advises motorists to remain patient on the Abuja–Kaduna Highway due to Eid-el-Kabir congestion and road construction. Alternative routes and nationwide patrols with 30,000 personnel deployed.
NCAA Suspends Services to 11 Nigerian Airlines Over Debts
The Nigerian Civil Aviation Authority suspends services to 11 domestic airlines, including Air Peace and Ibom Air, over unpaid regulatory debts totaling over N10 billion.
CPPE Defends Dangote Refinery Amid Monopoly Concerns
The Centre for the Promotion of Private Enterprise (CPPE) defends Dangote Refinery against monopoly claims, arguing it corrects decades of fuel import dependency and supports local refining.
Niger State Woos Dangote Group for Bida Basin Oil Exploration
Niger State calls on Dangote Group to explore crude oil at Bida Basin, offering minimal stake in JV-PPP partnership to boost investment.
Nigeria, RwandAir Partner to Boost Exports Under AfCFTA
Nigeria partners RwandAir to slash cargo rates by over 80% per kg, expanding AfCFTA air corridor to Kigali, Harare, Lusaka from June 2026.
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NRC Warns of Railway Vandalism, Expands Train Services
NRC raises alarm over coordinated railway vandalism in Plateau and Bauchi, while adding extra Lagos-Ibadan train services for Sallah celebrations.
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