NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable
NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable

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2027 politics could distract Nigeria’s economic reforms, CPPE warns

THE Centre for the Promotion of Private Enterprise (CPPE) says Nigeria recorded significant improvements in macroeconomic stability in the first half of 2026 but warns that the gains have yet to translate into meaningful improvements in business productivity, job creation and household welfare. It noted that the 2027 politics and elections could have a negative […]

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Jun 15, 2026 post

Inflation rises to 15.93% as CPPE links pressure to Middle East tensions

NIGERIA’S headline inflation rate rose to 15.93 percent in May 2026, marking the third consecutive monthly increase this year, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Monday. The figure represents an increase from the 15.69 percent recorded in April 2026, although it remains significantly […]

Jun 14, 2026 post

CPPE backs IMF assessment of Nigeria reforms, warns against prolonged high interest rates

THE Centre for the Promotion of Private Enterprise (CPPE) has welcomed the positive assessment of Nigeria’s economic reforms contained in the latest IMF Article IV Consultation Report but cautioned that policymakers must strike a better balance between macroeconomic stability and economic welfare. In a statement issued on Sunday, Chief Executive Officer of CPPE, Dr. Muda […]

Jun 11, 2026 post

Nigeria’s manufacturing sector stagnant after 26 years of democracy, CPPE warns

Nigeria’s manufacturing sector has failed to achieve meaningful transformation despite 26 years of democratic governance, according to the Centre for the Promotion of Private Enterprise (CPPE). In a statement released on Thursday, Chief Executive Officer of the CPPE, Dr. Muda Yusuf, said the sector’s contribution to gross domestic product (GDP) has remained largely stagnant at […]

Jun 07, 2026 post

CPPE calls on House of Reps to reject Sugar-sweetened Beverage Tax Bill

THE Centre for the Promotion of Private Enterprise (CPPE) has expressed deep concern over the Senate’s passage of the Sugar-Sweetened Beverage Tax Bill despite strong opposition from private sector stakeholders, particularly the Manufacturers Association of Nigeria (MAN). The organisation noted that the proposed legislation comes at a period when the government is expected to prioritise […]