The Nigerian Inquirer

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Business

Insecurity and Power Shortages Continue to Challenge Nigerian Businesses — CBN

KEY POINTS Insecurity and erratic power supply remain the top operational constraints for Nigerian businesses, followed by taxes, high interest rates, and financial challenges. Business confidence is improving, with optimism in industry, agriculture, and services sectors, and expectations of higher employment and expansion in...

November 13, 2025

Business

Nigeria Seeks $150 Billion to Boost Vaccine Procurement for 2026

KEY POINTS Nigeria plans to raise nearly $150 billion for vaccine procurement in 2025 and 2026 to strengthen its health sector and reduce dependence on foreign aid. Federal health spending has risen sharply, with allocations now at 5.2 per cent of the national budget...

November 13, 2025

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Nigeria Increases Power Generation by 25% in 12 Months

Nigeria boosts power generation by 25% in a year, targeting 6,000 megawatts by December.

August 9, 2024

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Nigeria Labour Congress Raid Sparks Outrage

Outrage over the Nigeria Labour Congress raid intensifies as leaders demand justice, accountability, and protection of civil liberties in Nigeria.

August 9, 2024

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Tinubu Orders Security Crackdown on Illegal Mining

President Tinubu orders a nationwide crackdown on illegal mining, stressing the need to prioritize health and safety in mineral exploration across Nigeria.

August 9, 2024

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NELFUND Receives 7,975 Student Loan Applications in 24 Hours

NELFUND receives 7,975 student loan applications in 24 hours, highlighting the demand for financial aid.

August 8, 2024

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CBN Sells $876M at N1,495 in Retail Forex Auction Amid Naira Volatility

The Central Bank of Nigeria has sold $876.26 million at N1,495 per dollar in its latest retail forex auction to stabilize the naira amidst economic pressures.

August 8, 2024

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Nigeria Warns Foreign Powers Against Interference Amid Economic Protests

The Nigerian government warns foreign countries against interference amid economic protests, emphasizing sovereignty and seeking international support to address challenges.

August 8, 2024

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Reps Explain Delay in Fulfilling Half-Salary Donation Pledge

The House of Representatives addresses the delay in its half-salary donation pledge, clarifying salary discrepancies and ensuring future transparency.

August 8, 2024

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Nigerian Police Arrest Protest Sponsors, Foreign Nationals Amid Unrest

Nigerian police arrest protest sponsors and foreign nationals as unrest spreads. The Army pledges a thorough investigation into the incidents.

August 7, 2024

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Blackout as National Grid Collapses Again

The national grid collapse plunges parts of Nigeria into darkness, highlighting ongoing issues in the power sector.

August 7, 2024

News

CBN Bailout Facilitates Unity-Providus Bank Merger

The CBN's bailout has facilitated a merger between Unity Bank and Providus Bank, creating a stronger entity poised to enhance Nigeria's banking sector.

August 7, 2024

News

APC Summons Ndume, Eyes Senate Whip Reinstatement

APC's National Working Committee summons Senator Ali Ndume to address his remarks against President Tinubu, considering his reinstatement as Senate Whip after a formal apology.

August 7, 2024

News

U.S. Crude Oil to Dominate Nigerian Refineries, Economic Impact Unfolds

The United States may soon become the largest crude oil supplier to Nigerian refineries, significantly impacting the nation's economy and energy sector.

August 6, 2024