The Nigerian government has warned that the weak revenue generation and institutional capacity at the sub-national level pose a major threat to development outcomes, especially the achievement of the Sustainable Development Goals (SDGs). The warning was issued at the opening of a High-Level Workshop on Strengthening Fiscal Capacity at the Sub-National Level in Nigeria, held…
Nigeria will require about $100 billion in yearly investments over the next 17 years to bridge existing infrastructure gap in the country estimated to be about $2.3 trillion, the Infrastructure Concession Regulatory Commission (ICRC) has said. Its Director-General and Chief Executive Officer, Dr. Jobson Oseodion Ewalefoh, who spoke in Abuja during a one-day stakeholders’ engagement…
Manufacturers in Nigeria have lamented that commercial bank credit allocation to the sector contracted by N1.92 trillion from N8.53 trillion in December 2024 to N6.61 trillion in December 2025, representing a significant year-on-year contraction of -22.5 per cent. Acting under the aegis of the Manufacturers Association of Nigeria (MAN), the group described the situation as…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has accused wholesalers and retailers of charging non-cost reflective prices, pushing liquefied petroleum gas (LPG) prices as high as N2,100 per kilogram despite significantly lower indicative prices issued by the regulator. The authority disclosed this in a presentation delivered by its Chief Executive Officer (CEO) Rabiu…
The Federal Airports Authority of Nigeria (FAAN) has justified its decision to increase operational tariff for airport cab operators and enforce vehicle upgrade requirements, saying the measures are necessary to improve passenger experience and maintain service standards at Nigerian airports. It also set a timeline for its vehicle upgrade policy which it said remained sacrosanct…
Smartphones shipments to Nigeria and other parts of Africa declined 12 per cent year-on-year (YoY) in the first quarter (Q1) of this year, according to Counterpoint Research’s Market Monitor Service. Although the region sees a high number of events in the period under review, such as the reopening of schools, Valentine’s Day, Mother’s Day, and…
The Nigerian Communications Commission (NCC) and the Corporate Affairs Commission (CAC) have introduced a new compliance requirement for ownership of telecom companies. The directive mandates prior approval for significant ownership changes in telcos operating in Nigeria. The agencies, in a joint statement signed by NCC Director of Public Affairs, Mrs Nnenna Ukoha and CAC Head…
The Nigeria Customs Service (NCS) and BAT Nigeria (BATN) have signed a Memorandum of Understanding (MoU) aimed at deepening collaboration in the fight against smuggling, enhancing regulatory compliance, and protecting legitimate investments. Illicit trade remains a major challenge globally, undermining government revenues, distorting markets, weakening regulatory frameworks and creating unfair competition for compliant businesses. In…
By Elijah Daniel For decades, the design logic of industrial operations has remained largely unchanged. Information belongs in the control room. The operator sits behind a workstation with real-time data. The field worker goes out with a paper checklist and takes notes by hand. Somewhere between those two realities, a disconnect exists. The person seeing…
