Nigeria Regains FTSE Russell Frontier Market Status
By Oluwakemi Kindness Nigeria is set to return to the FTSE Russell Frontier Market index nearly three years after it was removed from the global market classification. Minister of Finance, Taiwo Oyedele says FTSE Russell will reclassify Nigeria from “Unclassified” to “Frontier Market” status from the opening of trading on September 21, 2026. Oyedele in […]
FG Says 60% of Electricity Customers Now Have Meters
By Sulyman Gobir The Federal Government says about 60 per cent of active electricity customers in Nigeria have now been metered as it works to reduce estimated billing and close the country’s metering gap. The Bureau of Public Enterprises (BPE) Director-General, Ayodeji Gbeleyi, disclosed the figure at the second 2026 meeting of the […]
Governors Consider CNG Programme to Cut Transport Fares
By Sulyman Gobir State governors are considering a new CNG transport programme aimed at reducing public transport fares and lowering commuting costs for Nigerians. The proposal, known as the National Affordable CNG Transit Programme (NACTP), was discussed at the third meeting of the Nigeria Governors’ Forum (NGF) in Abuja on Wednesday. Kwara State Governor and […]
ILO, Labour Ministry Seek Better Jobs for Nigerian Youth
By Chinedu Echianu The International Labour Organization (ILO) and the Federal Ministry of Labour and Employment have called for stronger coordination, policy coherence and sustained commitment to create better and more sustainable employment opportunities for Nigerian youths. The call was made on Monday in Abuja during a consultation with Government Ministries, Departments and Agencies (MDAs) […]
Update: TUC Pickets Abuja Continental Hotel Over Alleged Labour Rights Violations
By Chinedu Echianu The Trade Union Congress of Nigeria (TUC) on Monday picketed the Abuja Continental Hotel over alleged unfair labour practices, including what the union described as the denial of workers’ rights to freedom of association and collective bargaining. Speaking at the entrance of the hotel, TUC General Secretary, Nuhu Toro, said the union […]
NADDC Seeks Investment to Unlock Nigeria’s Auto Industry
By Oluwakemi Kindness The National Automotive Design and Development Council, NADDC says, Nigeria can unlock greater economic value from its automotive industry if government and private investors deepen collaboration and expand local manufacturing. The council made the call in Abuja on Thursday during a capacity-building workshop for members of the Commerce and Industry Correspondents Association […]
Nigeria Auto Plants Operate at 5% Capacity as Tokunbo Dominates
By Oluwakemi Kindness More than 30 automotive assembly plants in Nigeria are operating at just 5% of their combined capacity as imported used vehicles, popularly known as tokunbo, continue to dominate the market. The situation has left about 570,000 units of potential annual production unrealised, according to the National Automotive Design and Development Council (NADDC). […]
FG Spends N30.6tn, Saves N15.8tn After Subsidy Removal
By Mardiyyah Abubakar The Federal Government generated N20.4tn in additional resources between June 2023 and December 2025 but spent N30.64tn on additional obligations during the period, leaving about N10tn to be funded from its existing revenue base. Finance Minister and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this on Wednesday while presenting the Federal […]
FCCPC Orders Withdrawal of Mislabelled Consumer Goods
By Mardiyyah Abubakar The Federal Competition and Consumer Protection Commission has ordered manufacturers, importers, distributors and retailers to withdraw consumer goods with incomplete, misleading or deceptive labels from the market. The FCCPC issued the directive in a public advisory signed by its management and published on Tuesday. The commission said market surveillance, routine inspections and […]
FCCPC Probes Cement Price Surge, Suspected Price Manipulation
By Oluwakemi Kindness The Federal Competition and Consumer Protection Commission (FCCPC) has launched an investigation into possible manipulation of cement prices in Nigeria. The Commission in a statement on Tuesday says its preliminary findings suggest that cement prices may not be fully explained by prevailing market conditions. The statement by Ondaje Ijagwu, Director, Corporate Affairs […]