Category: Business
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NIGERIA URGED TO BOOST MANAGEMENT PRACTICES TO DRIVE ECONOMIC GROWTH
The Nigerian Institute of Management, Chartered (NIM) says stronger professional management and governance are key to improving productivity and national economic performance. Speaking at a press briefing in Lagos to mark NIM’s 65th anniversary, President Rtd. Commodore Abimbola Ayuba highlighted the need for enhanced management capacity across public and private institutions to drive efficiency, accountability,…
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LOCAL REFINERIES WON’T SHIELD NIGERIA FROM GLOBAL FUEL PRICE SHOCKS — CPPE
Even with domestic refineries coming on stream, Nigeria may still feel the heat of global fuel price swings, according to the Centre for the Promotion of Private Enterprise (CPPE). Dr. Muda Yusuf, founder of CPPE, explained that crude oil—the main raw material for refining—is priced using international benchmarks, meaning local refineries cannot completely escape global…
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ABUJA RESIDENTS ADOPT SURVIVAL STRATEGIES AS ECONOMIC PRESSURE BITES
Rising living costs are pushing many residents of Nigeria’s capital to adopt drastic coping strategies just to keep their households running. Civil servants, traders, and artisans in Abuja say food prices, transport fares, and soaring house rents have severely reduced their purchasing power, forcing families to cut spending and rethink daily living. Some now buy…
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WOMEN BREAK INTO NIGERIA’S HEAVY MANUFACTURING SECTOR
As the world marks International Women’s Day 2026, stakeholders are spotlighting an often-overlooked frontier—Nigeria’s heavy manufacturing sector, where women are still pushing to break long-standing barriers. While women make up a significant share of the manufacturing workforce, their roles are largely concentrated in light industries like food processing, textiles, and packaging, with sectors such as…
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ABUJA WOMEN TURN PRIVATE CARS INTO ‘KABU-KABU’ TAXIS TO SURVIVE
As economic pressure tightens, many women in Nigeria’s capital are turning their private cars into informal taxis—popularly called “kabu-kabu”—to earn extra income and support their families. Across major junctions and bus stops in Abuja, more women—some driving luxury vehicles—now pick up passengers heading to different parts of the city. Many say the move is a…
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FUEL PRICE HIKE LINKED TO MARKET FORCES – NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority says the recent jump in fuel prices is driven by market dynamics, not government interference. Spokesperson George Ene-Ita explained that under Nigeria’s *deregulated petroleum sector, pump prices respond to supply and demand. Premium Motor Spirit, previously N875–N880 per litre, now sells between *N960 and N1,000 at independent…
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SHIPPING AGENTS CALL FOR TRANSPARENCY IN ABANDONED CARGO AUCTIONS
Shipping agents in Nigeria are pushing for clearer laws and a transparent auction system for abandoned cargo to boost revenue, cut disputes, and restore confidence in port operations. The Association of Shipping Lines Agents of Nigeria, led by Mrs Boma Alabi, said gaps in the Nigeria Customs Service Act 2023 create uncertainty over “overtime cargo”…
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SUGAR INDUSTRY GETS N10BN BOOST: NEW FUND TO POWER GREENFIELD INVESTMENTS
Nigeria’s sugar sector is getting a major push as the National Sugar Development Council (NSDC) and Bank of Industry (BOI) launch a N10 billion Sugar Project Acceleration Fund (SPAF) to support greenfield sugar projects. The fund aims to turn early-stage sugar project ideas into bankable investments by providing technical, financial, and advisory support to viable…
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DIGITAL LENDERS BRIDGE CREDIT GAP FOR WOMEN ENTREPRENEURS
Licensed digital lenders in Nigeria are helping women-owned businesses access fast, flexible, and collateral-free financing, closing a critical gap for female entrepreneurs, according to Gbemi Adelekan, President of the Money Lenders Association. Speaking ahead of International Women’s Day 2026, Adelekan highlighted that many women entrepreneurs, especially in micro and informal enterprises, struggle to secure traditional…
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ECOWAS PARLIAMENT MARKS 25 YEARS WITH REGION-WIDE CELEBRATIONS
West Africa’s regional lawmakers are celebrating a major milestone as the ECOWAS Parliament rolls out a year-long programme across several member states to mark 25 years of service. The celebrations, announced in Abuja, will run from January to November and span seven countries including Nigeria, Ghana, Côte d’Ivoire, Senegal, Cabo Verde, Togo and Sierra Leone.…
