Renowned Nigerian philanthropist and astute businessman, Mr. Joe Akhigbe, recently celebrated his milestone 60th birthday with a two-day series of events that profoundly underscored his unwavering commitment to humanitarianism and his deep connections with family, friends, and the community. The celebrations were marked by significant acts of charity and a[Read More…]
Features
Beyond the Naira: How Rising Costs Reshape Business in Nigeria
Nigeria’s economy is currently gripped by a relentless surge in operating costs, forcing businesses across all sectors to look “beyond the Naira” in their strategic calculus. The twin scourges of persistently high inflation and the sharp depreciation of the national currency have created an unprecedented environment, demanding more than just[Read More…]
JAMB Results Out: The UTME Saga Continues – A Call for Lasting Solutions
The recent release of rescheduled Unified Tertiary Matriculation Examination (UTME) results by the Joint Admissions and Matriculation Board (JAMB) once again draws attention to the recurring challenges plaguing Nigeria’s tertiary education entrance system. While the move to conduct a resit for affected candidates is a step towards rectifying acknowledged errors,[Read More…]
Tinubu’s Midterm: A Capital Assessment – Promises vs. Reality
As President Bola Ahmed Tinubu’s administration approaches its halfway mark, the nation is abuzz with discussions and assessments of the journey so far. From the bustling markets of Wuse to the corridors of power in Aso Rock, Nigerians are weighing the promises of “Renewed Hope” against the evolving realities of[Read More…]
Tightening the Reins: CBN’s Battle Against Inflation
For months, the specter of inflation has loomed large over Nigerian households and businesses, eroding purchasing power and stifling economic growth. As prices for food, fuel, and essential goods soared, the Central Bank of Nigeria (CBN) found itself in an increasingly uncomfortable spotlight. Its response has been unequivocal and aggressive:[Read More…]
Taxing Times: Reforms and Their Impact on Citizens and Businesses
In the dynamic landscape of modern economies, tax reforms are often heralded as necessary instruments for fiscal stability and national development. Yet, for many citizens and businesses, particularly in emerging economies, these reforms can be a double-edged sword, ushering in a wave of uncertainty and insecurity. Nigeria, a nation grappling[Read More…]
When Power Matters More: The Rise of Opportunistic Politics in Nigeria
In recent months, a marked increase in party-switching has been observed, particularly from the major opposition parties — the Peoples Democratic Party (PDP), Labour Party (LP), and the New Nigeria Peoples Party (NNPP) — into the ruling All Progressives Congress (APC). This political movement underscores a system where personal ambition[Read More…]
Manufacturing Sector: Battling Headwinds, Seeking Sunlight in a Shifting Economy
Nigeria’s manufacturing sector stands at a critical juncture. For years, it has weathered a barrage of challenges, from crippling infrastructure deficits and inconsistent power supply to the vagaries of a fluctuating currency and the relentless competition from cheaper imports. Yet, amidst these persistent headwinds, there are flickers of resilience, a[Read More…]
Nigeria First’ in Action: Examining the Impact of the New Policy on Local Industries
In a bold move to stimulate domestic production and foster economic self-reliance, the Nigerian government has officially rolled out its “Nigeria First” policy. This ambitious initiative prioritizes the procurement and utilization of locally made goods and services across various sectors. While the policy has been met with cautious optimism by[Read More…]
Oil Production Surge – A Glimmer of Hope or Fool’s Gold?
Nigeria’s recent surge in oil production has undoubtedly sent ripples of cautious optimism through the nation’s economic landscape. After years of struggling with dwindling output due to pipeline vandalism, underinvestment, and operational challenges, the reported increase offers a tantalizing prospect: boosted revenue and a potential resurgence in investor confidence. But[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]