Telecom operators warn of service shutdown over diesel blockade
The Association of Licensed Telecom Operators of Nigeria (ALTON) warned that over 16,000 sites could shut down after NOGASA and NUPENG allegedly blocked diesel access
Business and Economy
Trump enforces wide-ranging tariffs while U.S. economy shows cracks
Broad tariffs imposed by President Donald Trump took effect Thursday, targeting imports from over 60 countries, including the EU, Japan, and South Korea, with rates up to 20%
Why foreign investors are dumping Nigerian stocks – and what it means for the market
A massive N576bn exit in just six months
CBN concludes FX audit, begins naira refunds to banks over unfulfilled transactions
“The naira value of all unvalidated and unfulfilled forward transactions has been returned,” the CBN confirmed.
High customs levy, import decline turn cars into luxury goods
A Corolla, once considered an entry-level car, is now becoming an unaffordable luxury
Insurance companies eye mergers, acquisitions to meet capital requirements
Experts expect to see considerable mergers and acquisitions within the industry, although there is strong optimism that many of the 55 insurance companies operating now may scale the recapitalisation hurdle.
32 Nigerian states failed to attract any foreign investment in 2024
The NBS Capital Importation report for Q1 2025 listed Abia, Delta, Ogun, and 29 other states as having received zero foreign capital last year.