Nigeria’s mortgage market remains the shallowest globally, severely limiting homeownership growth. The country’s mortgage-to-GDP ratio stands at about 0.5%, far below peers such as Kenya (2.2%), Tunisia (10.2%), and Namibia (18.9%). South Africa exceeds 30%, while developed economies surpass 60%. High interest rates and short loan tenors have constrained mortgage expansion. Limited refinancing mechanisms reduce […]
The Bank of Industry (BoI) has achieved a historic milestone in its mission to industrialize Nigeria, announcing a record-breaking total fund disbursement of ₦636 billion to businesses in 2025. This achievement, hailed by President Bola Tinubu on February 12, 2026, marks the highest annual financing volume in the bank’s history and serves as a critical […]
Nigeria has failed to meet its crude oil production quota for the sixth straight month, underscoring the deep-seated “logistics bottlenecks” and “asymmetric threats” that continue to plague the nation’s upstream sector. Despite the Federal Government’s ambitious push toward a $1 trillion GDP, the persistent inability to hit OPEC-mandated targets highlights a critical “liquidity gap” in […]
The Nigeria Revenue Service (NRS) has officially announced a bold revenue collection target of N40.71 trillion for the 2026 fiscal year. This target represents a significant increase from previous years and is designed to provide the necessary fiscal cushion to support Nigeria’s transition toward its ambitious $1 trillion GDP objective. This milestone projection is part […]
The continued imposition of a 7% import surcharge is reportedly threatening cargo throughput and revenue stability at the Onne Port in Rivers State. Licensed customs agents and freight forwarders have voiced concerns that the port is losing its competitive edge to regional alternatives due to what they describe as a “suffocating” regime of multiple taxation. […]
Dr. Ainojie ‘Alex’ Irune, Executive Director at Oando PLC and Managing Director of Oando Energy, has called for a fundamental “financing rethink” to bridge the gap between Nigeria’s oil production reality and its 2 million barrels per day (mbpd) ambition. Speaking on the sidelines of a 2026 energy forum, Dr. Irune emphasized that as the […]
President Bola Tinubu recently held a high-level security meeting at the State House with General Michael Langley, the Commander of the United States Africa Command (AFRICOM), alongside Nigeria’s Service Chiefs and top diplomatic officials. The strategic dialogue focused on strengthening the “security of the person” and protecting critical national infrastructure through enhanced counter-terrorism cooperation and […]
In a major push for regional digital sovereignty, the Nigerian government is leading a high-level diplomatic initiative to integrate telecommunications frameworks across West Africa. As negotiations for a unified cross-border roaming agreement intensify, the Nigerian Communications Commission (NCC) is working alongside ECOWAS regulators to eliminate the “roaming barriers” that have historically inflated the cost of […]
In a major step toward revitalizing regional trade, the Federal Government has officially reopened the Tsamiya-Anguwar Lalle land border with the Republic of Benin. This development ends a seven-year closure that began in 2019, signaling a significant shift in Nigeria’s trade policy and its commitment to the “security of transit” within the West African sub-region. […]
A comprehensive audit report has uncovered significant financial irregularities within the six Area Councils of the Federal Capital Territory (FCT), totaling over N100 billion. The report, which scrutinizes the fiscal management of the councils, points to systemic failures in accounting, unauthorized expenditures, and a widespread lack of supporting documentation for high-value transactions. This indictment comes […]
The Nigeria Labour Congress (NLC) has issued a stern warning to the Federal Government and the Independent National Electoral Commission (INEC), threatening a nationwide boycott of the 2027 general elections if the electronic transmission of results is not legally mandated. In a statement released following its National Executive Council (NEC) meeting in early February 2026, […]
In a major development for the stability of Nigeria’s Southeast, Mazi Nnamdi Kanu, the leader of the Indigenous People of Biafra (IPOB), has issued a definitive directive to his followers to immediately end the mandatory Monday “sit-at-home” protest. This order, communicated through his legal counsel, marks a significant shift in the region’s civil disobedience strategy, […]
The Central Bank of Nigeria (CBN) has granted “no-objection” approval to the Bank of Industry (BOI) to establish a non-interest banking window, marking a strategic shift in the nation’s development finance landscape. This regulatory milestone, announced on February 8, 2026, allows Nigeria’s oldest and largest development finance institution to offer Sharia-compliant financing products to MSMEs […]
In a tragic escalation of the security crisis in Kaduna State, suspected bandits launched a violent early-morning raid on the Karku community in Kauru Local Government Area on Saturday, February 7, 2026. The attackers abducted Reverend Father Nathaniel Asuwaye, the Parish Priest of Holy Trinity Catholic Church, along with ten other residents. The assault resulted […]
The United Nations Food and Agriculture Organization (FAO) has reported that global food prices continued their downward trajectory in January 2026, marking the fifth consecutive month of decline. The FAO Food Price Index, which tracks the monthly changes in international prices of a basket of commonly traded food commodities, showed a marginal but significant decrease […]
The Joint Health Sector Unions (JOHESU) has officially suspended its nationwide strike after 84 days, following a comprehensive agreement reached with the Federal Government. The industrial action, which began in late 2025, had significantly paralyzed activities in public hospitals across the country, affecting essential services and patient care. The suspension comes after a final round […]
The Federal Government has announced a partial closure of the Lagos-Ibadan Expressway for a duration of six weeks to facilitate urgent structural repairs on key bridge components. Starting in February 2026, the construction focus will center on the long-term integrity of the infrastructure, specifically targeting expansion joints and deck reinforcements that have shown signs of […]
The Medical and Dental Council of Nigeria (MDCN) has revealed that it received zero disbursements from its N1.2 billion capital budget allocation for the 2025 fiscal year. Appearing before the House of Representatives Committee on Health Institutions in February 2026, the Registrar of the MDCN, Dr. Fatima Kyari, disclosed that the total lack of capital […]
The National Automotive Design and Development Council (NADDC) has called on the Federal Government to implement a comprehensive ban on the importation of vehicle tyres and batteries. This strategic recommendation is aimed at retaining approximately N1 trillion within the local economy—a sum currently lost to “capital flight” through the massive importation of automotive components. According […]
Nigeria’s Southeast region has emerged as the nation’s primary economic frontrunner for 2026, leading with a projected growth rate of 8.0%. This regional surge was a centerpiece of the forum, where industry leaders gathered to analyze the “Price Sensitivity Survey 2025,” presented by Professor Uchenna Uzo of the Lagos Business School (LBS), Pan-Atlantic University. The […]