A Stronger Banking System, But an Unfinished Reform NIGERIA’S banking sector has undergone significant recapitalisation, strengthening financial stability and improving its ability to withstand economic shocks. However, according to the Centre for Promotion of Private Enterprises (CPPE), this progress has not translated into sufficient support for the productive economy. The organisation argues that the core […]
Structural Failures Driving Nigeria’s Food Crisis NIGERIA’S persistent food price surge, even amid signs of moderating inflation, is exposing deep-rooted structural weaknesses in the country’s agricultural supply chain. Stakeholders across the value chain warn that unless these systemic issues are urgently addressed, the cost-of-living crisis facing millions of Nigerians may worsen. Supply Constraints Beyond Seasonal […]
Fuel Price Surge Sparks Nationwide Call for Relief Petrol Nears ₦1,500 Amid Global Tensions RISING petrol prices, now approaching ₦1,500 per litre, have triggered widespread concern among labour unions, manufacturers, economists, and civil society groups, who are urging the Federal Government to take urgent steps to cushion the impact on Nigerians. The surge, largely driven […]
Nigeria May Gain Revenue Windfall from Global Tensions NIGERIA could earn as much as ₦30 trillion in additional revenue if the ongoing geopolitical tensions between the United States, Israel and Iran persist, according to a new policy brief released by the Nigerian Economic Summit Group (NESG). The economic think tank noted that while the conflict […]
Ambitious Electricity Project Falls Short NIGERIA’S ambitious €2.3 billion Presidential Power Initiative (PPI)—designed to dramatically boost electricity supply across the country—has failed to meet its core objectives, leaving the country’s power output far below projected levels. The flagship project, spearheaded by the Federal Government through FGN Power and implemented by German engineering giant Siemens, aimed […]
Single-Digit Food Inflation After a Decade NIGERIA has recorded its first single-digit food inflation rate in more than 10 years, signalling a dramatic shift in the country’s inflation trajectory and offering relief to households battered by years of rising food costs. Data from the National Bureau of Statistics show that food inflation slowed to 8.89 […]
Rising Costs of Fertilisers and Seeds Threaten Food Security in Nigeria AS Nigeria enters 2026, experts and stakeholders in the agricultural sector are raising alarms over escalating input costs, warning that the country could slide into a preventable food crisis if urgent measures are not taken. Fertilisers, improved seeds, agrochemicals, fuel, and machinery have become […]