The Nigerian Army has justified a precision airstrike in Jilli village, Borno State, claiming it targeted a terrorist hub, despite reports of civilian deaths. Survivors have since recounted their ordeal, stating they were legitimate animal traders at Jilli market when the attack occurred, while Amnesty International condemned the incident.
The Centre for the Promotion of Private Enterprise (CPPE) has commended the Central Bank of Nigeria (CBN) for the successful implementation of its bank recapitalisation programme, with 32 banks reportedly meeting the new minimum capital requirements.
President Donald Trump has reiterated his 48-hour ultimatum to Iran to reopen the Strait of Hormuz, threatening to 'obliterate' its power plants and energy infrastructure. Tehran has warned it will respond with attacks on U.S. and Israeli energy targets if its facilities are targeted and stated the strait is open to all except "enemy" ships.
According to the CPPE, the rising cost of fuel is increasing operating expenses, transportation costs and distribution charges for businesses.
The post US/Israel–Iran War: What Nigerian businesses, government must do to withstand energy shock – CPPE appeared first on Premium Times Nigeria.
According to the National Bureau of Statistics (NBS), Nigeria’s capital importation climbed to $6.01 billion in the third quarter of 2025.
The post CPPE speaks on capital importation surge, raises structural concerns appeared first on Premium Times Nigeria.
The Centre for the Promotion of Private Enterprise (CPPE) has expressed disagreement with the World Bank's proposed policy advocating for increased importation of petroleum products and food into Nigeria.
The Centre for the Promotion of Private Enterprise (CPPE) has warned the Nigerian government against implementing a new sugary drinks tax, citing potential harm to businesses, job losses, and inconsistency with economic recovery goals.
The Centre for Promotion of Private Enterprises (CPPE) in Nigeria has called for urgent government intervention to alleviate the burden of rising energy costs on citizens and businesses, warning of potential ₦10 trillion annual losses.
The Centre for the Promotion of Private Enterprise (CPPE) states that local refining alone cannot prevent fuel price volatility in Nigeria, as global oil markets continue to dictate costs.
President Bola Tinubu has approved a N3.3 trillion (approximately $2.2 billion) plan to clear Nigeria's power sector debts. The initiative aims to improve electricity reliability, stabilize the energy value chain, and restore investor confidence, following a review of legacy debts accumulated over a decade.
The Centre for Promotion of Private Enterprises (CPPE) in Nigeria has called for urgent government intervention to address soaring energy costs and unreliable electricity, which impose an estimated annual economic loss of N10 trillion.
The Nigerian Labour Congress (NLC) and the Centre for the Promotion of Private Enterprise (CPPE) are urging the Nigerian government to focus on local solutions and safeguards amidst the Middle East crises.
Oil prices rose by up to nine per cent on Monday after United States and Israeli strikes on Iran and reported attacks on tankers near the Strait of Hormuz unsettled global energy markets.
Brent…
