Update TUC Pickets Abuja Continental Hotel Over Alleged Labour Rights Violations
By Chinedu Echianu The Trade Union Congress of Nigeria (TUC) on Monday picketed the Abuja Continental Hotel over alleged unfair labour practices, including what the union described as the denial of workers’ rights to freedom of association and collective bargaining. Speaking at the entrance of the hotel, TUC General Secretary, Nuhu Toro, said the union […]
NADDC Seeks Investment to Unlock Nigeria’s Auto Industry
By Oluwakemi Kindness The National Automotive Design and Development Council, NADDC says, Nigeria can unlock greater economic value from its automotive industry if government and private investors deepen collaboration and expand local manufacturing. The council made the call in Abuja on Thursday during a capacity-building workshop for members of the Commerce and Industry Correspondents Association […]
Nigeria Auto Plants Operate at 5% Capacity as Tokunbo Dominates
By Oluwakemi Kindness More than 30 automotive assembly plants in Nigeria are operating at just 5% of their combined capacity as imported used vehicles, popularly known as tokunbo, continue to dominate the market. The situation has left about 570,000 units of potential annual production unrealised, according to the National Automotive Design and Development Council (NADDC). […]
FG Spends N30.6tn, Saves N15.8tn After Subsidy Removal
By Mardiyyah Abubakar The Federal Government generated N20.4tn in additional resources between June 2023 and December 2025 but spent N30.64tn on additional obligations during the period, leaving about N10tn to be funded from its existing revenue base. Finance Minister and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this on Wednesday while presenting the Federal […]
FCCPC Orders Withdrawal of Mislabelled Consumer Goods
By Mardiyyah Abubakar The Federal Competition and Consumer Protection Commission has ordered manufacturers, importers, distributors and retailers to withdraw consumer goods with incomplete, misleading or deceptive labels from the market. The FCCPC issued the directive in a public advisory signed by its management and published on Tuesday. The commission said market surveillance, routine inspections and […]
FCCPC Probes Cement Price Surge, Suspected Price Manipulation
By Oluwakemi Kindness The Federal Competition and Consumer Protection Commission (FCCPC) has launched an investigation into possible manipulation of cement prices in Nigeria. The Commission in a statement on Tuesday says its preliminary findings suggest that cement prices may not be fully explained by prevailing market conditions. The statement by Ondaje Ijagwu, Director, Corporate Affairs […]
NEPZA Warns Invasion Could Hurt Investor Confidence
By Oluwakemi Kindness The Nigeria Export Processing Zones Authority (NEPZA) has warned that the unlawful invasion of the Abuja Industrial Park could undermine investor confidence in Nigeria’s Free Trade Zones. A statement on Staurday says NEPZA Managing Director, Olufemi Ogunyemi, issued the warning during a routine inspection of the $300 million industrial park in Abuja. […]
SEC Orders Freeze of Assets Linked to 9 Terrorism Financiers
By Oluwakemi Kindness The Securities and Exchange Commission (SEC) has directed capital market operators to freeze the funds, assets and economic resources of six individuals and three entities designated as terrorism financiers. SEC issued the directive in a circular on Friday to all Capital Market Regulated Entities (CMREs), citing the Terrorism Prevention and Prohibition Act, […]
SMEDAN Targets 100,000 Youths Annually Through BRYNE
By Oluwakemi Kindness The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has launched a new initiative to support more than 100,000 young Nigerian entrepreneurs annually. The agency unveiled the Building Resilient Young Nigerian Entrepreneurs (BRYNE) Project as part of activities marking International Youth Day 2026. SMEDAN said BRYNE will combine enterprise training, incubation, […]
Ex-World Bank Specialist Urges Artisans to Join SUPA
By Oluwakemi Kindness A former World Bank Senior Education Specialist, Dr. Tunde Adekola, has urged Nigerian artisans to embrace the Industrial Training Fund’s Skill Up Artisans, SUPA, Programme to improve their skills and access better economic opportunities. Adekola said the programme could support the Federal Government’s efforts to promote youth empowerment, job creation and poverty […]