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CPPE warns reversing economic reforms could harm Nigeria’s economy

Business

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Policy and Regulations

Viral video: Sanwo-Olu’s aide backs solar panel installation levy

The Lagos State Government has clarified that residents living in its social housing estates are required to obtain and pay for alteration permits before installing solar power systems. The Senior Special Assistant on Media to Governor Babajide Sanwo-Olu, Wale Ajetunmobi, stated this on Wednesday while responding to a viral video showing task force officials from […]

Electricity featured

Tinubu blames privatization for current power sector crisis

President Bola Ahmed Tinubu has declared that Nigeria is currently on the right path notwithstanding the persistent challenges facing the power sector. During a recent engagement monitored on Channels Television, the President attributed the nation’s ongoing electricity struggles to what he described as poorly executed privatisation by previous administrations. He expressed a strong sense of […]

Finance

Nigeria isn’t poor, huge money moves below radar – Tinubu’s aide

The Special Adviser to President Bola Ahmed Tinubu on Economic Affairs, Tope Fasua, has asserted that Nigeria should not be classified as a poor country, pointing instead to the enormous scale of economic activities taking place within its informal sector. Fasua made the remarks while addressing recent economic reforms, explaining that a substantial portion of […]

Banking

Access Holdings disowns unauthorised 2025 financial highlight release

Access Holdings Plc has distanced itself from a circulating “financial highlight” linked to its 2025 audited financial statements, stating that the summary was released on social media by an unauthorised source ahead of the official publication. The company clarified that its audited financial statements are still undergoing regulatory review by the Central Bank of Nigeria, […]

Economy

South Africa’s inflation rises to 3.1% as cost pressures persist

South Africa’s headline consumer inflation edged up slightly to 3.1 per cent year-on-year in March 2026, compared to 3.0 per cent recorded in February, according to the latest consumer price index data released by the country’s statistics agency. The marginal increase reflects moderate cost pressures across key sectors of the economy, even as food inflation […]

News

Trump extends Iran ceasefire amid ongoing diplomatic negotiations

United States President Donald Trump has announced an extension of the ceasefire with Iran beyond its initial two-week timeline, stating that the truce will remain in place until negotiations are concluded and a formal proposal is submitted by the Iranian government. Trump disclosed this in a post on Truth Social on Tuesday, explaining that the […]

Maritime

Iran seizes two vessels in Strait of Hormuz

Iran’s Islamic Revolutionary Guard Corps on Wednesday announced that its naval forces intercepted two vessels attempting to cross the Strait of Hormuz and redirected them to Iranian territorial waters, heightening tensions around one of the world’s most critical maritime routes. In a statement, AFP reported that the Guards disclosed that the operation took place earlier […]

Oil and Gas

China denies US claim over seized Iran-bound vessel

China on Wednesday firmly denied claims that a vessel intercepted by the United States was carrying a “gift” from Beijing to Iran, pushing back against allegations made by United States President Donald Trump a day earlier. Trump had alleged that an Iranian-flagged ship seized by US forces in the Gulf of Oman on Sunday contained […]

featured Finance

Nigeria’s public debt hits ₦159trn amid rising concerns

Nigeria’s total public debt rose to N159.28 trillion, equivalent to 110.97 billion dollars, as of December 2025, according to the latest data released by the Debt Management Office. A breakdown of the figures shows that domestic debt accounted for N84.85 trillion, representing 59.11 billion dollars, while external debt stood at N74.43 trillion, equivalent to 51.86 […]

Oil and Gas

Ukraine resumes Russian oil transit after pipeline repairs

Ukraine is set to resume the shipment of Russian oil to Hungary and Slovakia within hours on Wednesday after completing repairs to the Druzhba pipeline, which had been damaged during a Russian attack, according to a Kyiv official who spoke to AFP. The pipeline has remained a focal point of tensions involving Hungary and Slovakia, […]

Finance

Forex traders blame fiscal indiscipline for naira instability

Forex traders have linked the worsening volatility of the naira at the parallel market to what they describe as fiscal indiscipline and overlapping budget cycles by the Federal Government, raising fresh concerns about liquidity pressures and confidence in Nigeria’s foreign exchange market. Insights from currency traders and market operators indicate that weak fiscal discipline continues […]

Business

Condom prices may rise amid Iran supply disruptions — Karex

The chief executive of Karex, the world’s largest condom manufacturer, has warned that prices could increase by as much as 30 per cent or more if ongoing tensions involving Iran continue to disrupt access to critical raw materials. Goh Miah Kiat disclosed that production costs have surged significantly since the escalation of the conflict, putting […]

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