Monday, October 19

Business

CPPE warns sugar tax may harm local industry

The Centre for the Promotion of Private Enterprise has urged the government and policymakers to prioritise health interventions over imposing additional taxes on sugar-sweetened beverages. It warned that a sugar tax would undermine Nigeria’s manufacturing and employment base. In a…

Davos: Nigeria can capture global supply chains, says Okonjo-Iweala

The Director-General of the World Trade Organisation, Dr Ngozi Okonjo-Iweala, has said Nigeria must deliberately target global investors and supply chain relocations to drive job creation, deepen manufacturing, and reduce import dependence. She made the remarks on Wednesday in a…

Crypto Market Will Soar to T by 2030 Says ARKInvest

ARK Invest’s latest analysis affirms it still sees Bitcoin reaching close to a $1 million price tag in 2030 on growing adoption.Cathie Wood’s ARK Invest predicts digital assets could grow into a $28 trillion market by 2030, with growth primarily…

Nigerians spent N1.58tn on petrol during Yuletide — Report

Nigerians spent an estimated N1.58tn on petrol in December 2025, based on official fuel consumption data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority. According to the NMDPRA December fact sheet, average daily petrol consumption stood at 63.7…

Autonomous inflows drive FX market recovery

The Central Bank of Nigeria was expected to conduct its second Treasury bills auction for January 2026 on Wednesday, offering instruments worth N1.15tn, as strong liquidity in the banking system collides with rising borrowing needs and cautious interest rate expectations.…

ETH Flashes Negative Funding Rate But Is Sub K ETH Discounted?

Key takeaway:ETH faces selling pressure as $480 million in liquidations and falling network fees impact investor confidence.ETH’s negative funding rate may play a role in a potential rebound rally. Ether (ETH) price faced a three-day 13.8% correction, retesting the $2,900…

Parallex Bank sponsors future Africa Leaders Awards

Parallex Bank Plc has reaffirmed its commitment to nurturing African youth talent as it sponsored the 2025 edition of the Future Africa Leaders Awards, which recognises young Africans driving exceptional impact across their communities. In a statement on Monday, the…

FCCPC cracks down on errant digital money lenders

The Federal Competition and Consumer Protection Commission has commenced phased enforcement of sanctions against Digital Money Lending operators that failed to regularise their operations in line with the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025. The compliance deadline…

FG doubles January bond borrowing to N900bn

The Federal Government has moved to significantly scale up domestic borrowing, planning to raise as much as N900bn from its January 2026 bond auction. The amount doubles the N450bn it targeted in January 2025, as fiscal pressures and refinancing needs…

CPPE warns against sugar tax, cites threat to manufacturing, jobs

The Centre for the Promotion of Private Enterprise (CPPE) has warned that renewed calls for a sugar tax on non-alcoholic beverages could hurt Nigeria’s manufacturing sector, threaten jobs and slow the country’s fragile economic recovery. In a statement on Wednesday,…

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