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Tag: CPPE

Why Nigerian insurance is one of the lowest globally - CPPE
Business

CPPE urges Senate to drop excise hike on soft drinks

The Centre for the Promotion of Private Enterprise has called on the Senate Committee on Finance to abandon its plan to amend the Customs and Excise Act to raise excise duties on non-alcoholic beverages, describing the move as poorly timed and potentially damaging to Nigeria’s fragile economy. In a statement on Monday, CEO of CPPE, […]

Economy

Households yet to see impact of declining inflation – CPPE

The Centre for the Promotion of Private Enterprise says Nigerian households are yet to feel any relief from the easing inflation rate, citing deep-rooted structural challenges. This comes after the National Bureau of Statistics announced on Monday that headline inflation fell to 16.05 per cent in October. Reacting to the decline in a statement, the […]

Why Nigerian insurance is one of the lowest globally - CPPE
Business

Nigeria doubles crude imports from US – Report

Nigeria’s crude oil imports from the United States surged in the first eight months of 2025, jumping 101 per cent, according to new data from the U.S. Energy Information Administration. The country brought in 31.69 million barrels between February and August 2025, up from 15.79 million barrels in the same period in 2024 — an […]

Why Nigerian insurance is one of the lowest globally - CPPE
News

CPPE hails inflation moderation, warns gradual household impact

The Centre for the Promotion of Private Enterprise has praised the continued moderation of Nigeria’s inflation rate, however, cautioning that most households may not immediately feel the relief. The National Bureau of Statistics reported that Nigeria’s headline inflation rate fell to 18.02 per cent in September 2025, down from 20.12 per cent in August. In […]

New expatriate levy sparks concerns over regional integration
featured Opinion

Why investors are exposed to harassment, disruptions in Nigeria – CPPE

The Centre for the Promotion of Private Enterprise lamented on Sunday that investors in Nigeria remain dangerously exposed to harassment and service disruptions due to a lack of comprehensive legislation that could guarantee their rights or shield them from arbitrary regulatory decisions and unlawful shutdowns. In a statement released by the CPPE Director and Chief […]

Why Nigerian insurance is one of the lowest globally - CPPE
News

CPPE urges FG to boost key sectors for job-driven growth

The Centre for the Promotion of Private Enterprise has urged the Federal Government to take urgent action in agriculture, manufacturing, construction, real estate, and trade to turn Nigeria’s current growth momentum into a more resilient and employment-driven economy. CPPE’s Chief Executive Officer, Dr. Muda Yusufon Sunday called for structural interventions in sectors that directly affect […]

How 0.5% import tax will boost Nigerian economy - CPPE
News

CPPE warns of cargo diversion, smuggling over high exchange rate

The Centre for the Promotion of Private Enterprise has apprised that Nigeria risks losing cargoes to neighbouring countries over a high exchange rate for import duties collection by the Nigerian Customs Service. This was disclosed in a statement signed by the Director/Chief Executive Officer of CPPE, Dr. Muda Yusuf, according to Nairametrics. CPPE lamented the […]

featured

Lower regulatory burden on manufacturing sector, CPPE tells FG

The Centre for the Promotion of Private Enterprise has encouraged the federal government to lessen the regulatory burden on the country’s manufacturing industry and investors. CPPE’s Director, D.r Muda Yusuf, in a statement on Sunday, expressed the centre’s worry over the “growing incidents of regulatory irritations, distractions, and frustrations inflicted on the Nigerian manufacturing sector […]

New expatriate levy sparks concerns over regional integration
Economy

Why expatriates compete with Nigerian market women, men – CPPE

Melvin Onwubuke     The Center for the Promotion of Private Enterprise has linked various instances of expatriates operating in the retail sector in Nigeria to regulatory weakness.   This was disclosed recently in a statement by Chief Executive Officer (CPPE) Dr. Muda Yusuf, according to nairametrics.   Yusuf explained that there are similar concerns […]

New expatriate levy sparks concerns over regional integration
News

New expatriate levy sparks concerns over regional integration

By Melvin Onwubuke   The Centre for Promotion of Private Enterprise, has announced that the new Expatriate Employment Levy from the federal government may set off reciprocal actions against Nigerian and negatively impact regional integration of ECOWAS and across Africa, according to nairametrics. This was disclosed by the chairman, Dr. Muda Yusuf in a statement, […]

New expatriate levy sparks concerns over regional integration
News

CPPE urges CBN to peg custom duty FX rate at N1000/$1

By Melvin Onwubuke The Centre for the Promotion of Private Enterprise has urged the Central Bank of Nigeria to take bold steps in mitigating the challenges faced by businesses and citizens, by pegging the customs duty exchange rates at N1000/$1. In a statement by Mr Muda Yusuf, Chief Executive Officer at CPPE , according to […]

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