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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Police Warn of Foreign Mercenaries Plotting to Hijack Protests

Nigerian IGP Egbetokun warns of foreign mercenaries plotting to hijack planned protests, urging citizens to exercise caution and outlining steps for a peaceful demonstration.

July 27, 2024

News

Tinubu Meets with Governors, Traditional Rulers to Prevent August 1 Protest

President Tinubu meets with governors and traditional rulers to prevent the planned #EndBadGovernance protest, emphasizing dialogue and unity.

July 26, 2024

News

Nigeria Probes $10 Billion Oil Theft, Aims to Curb Illegal Activities

Nigeria's House of Representatives starts a probe into $10 billion oil theft, aiming to uncover root causes and combat illegal activities.

July 26, 2024

News

Petrol Imports from Malta Surge 342% Amid Dangote, NNPC Rift

Nigeria's petrol imports from Malta have surged by 342% amid a rift between Dangote and NNPC. The increase underscores the need for reforms in the energy sector.

July 26, 2024

News

DSS Warns Against August 1 Protest, Identifies Sponsors

The DSS warns against the planned August 1 protest, citing potential for violence and identifying its sponsors. The agency urges peaceful engagement instead.

July 26, 2024

Business

Senate Increases Windfall Tax on Banks to 70%

Nigerian Senate raises windfall tax on banks' foreign exchange gains to 70%, targeting redistribution of government-driven profits.

July 25, 2024

News

Government Urges Patience Amid Protests, Pledges to Address Economic Issues

The Nigerian government appeals for patience and dialogue as nationwide protests loom, pledging to address the economic issues causing public discontent.

July 25, 2024

News

Dangote Refinery Set to Disrupt 90 European Refineries

The Dangote Refinery, with its capacity to produce 650,000 barrels per day, threatens to disrupt 90 European refineries and shift global oil market dynamics

July 25, 2024

News

FG Pleads for Patience Amid Nationwide Protest Plans

The Federal Government appeals for patience and postponement of the planned nationwide protest, citing ongoing efforts to address economic hardships.

July 25, 2024

Business

Dangote-NNPC Dispute Hurts Nigeria’s Global Image, Adesina Warns

Adesina warns the Dangote-NNPC dispute harms Nigeria's global image and investment climate, stressing the importance of supporting local industries for economic growth.

July 24, 2024

News

Nigeria’s Economic Woes: Poor Diversification, Excess Liquidity Cited by CBN

CBN Governor Yemi Cardoso attributes Nigeria's economic woes to poor diversification and excess liquidity, raising interest rates to combat inflation.

July 24, 2024

News

Nigeria’s Cocoa Plants Struggle, Operating at Just 8% Capacity

Nigeria's cocoa processing plants struggle with infrastructure and financial challenges, operating at just 8% capacity. Efforts to revitalize the sector are underway.

July 24, 2024