Nigeria’s banks' credit to the private sector and the government has seen a significant drop of N23.99 trillion from February to March 2024, underlining the Central Bank of Nigeria’s (CBN) aggressive stance to curbing inflation and…

Nigeria's private sector received N80.86 trillion in credit from the banking industry in February 2024, a 93.66 per cent Year-on-Year growth from N41.75 trillion reported in February 2023, the latest data from the Central Bank of Nigeria…

Credit to the private sector dropped by N3.8 trillion in November 2023 to N59.74 trillion from N63.57 trillion reported in October 2023. The Central Bank of Nigeria (CBN) in its money and credit statistics revealed that credit to the…

Over 400 micro-enterprises in Lagos have closed shops owing to spiraling inflation that has stoked a sharp increase in the cost of raw materials, and induced capital flights from Nigeria's economy. Micro enterprises are a…

Nigeria’s manufacturers, farmers, and other productive enterprises are contending with deepening financing challenges as high borrowing costs, short loan tenors, and stringent collateral requirements continue to restrict…

The Centre for the Promotion of Private Enterprise (CPPE) has downplayed concerns over the United States Government's decision to impose a 12.5 percent tariff on imports from Nigeria, stating that the measure…

The Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Muda Yusuf, has cautioned that while the federal government's newly launched social intervention programmes represent a significant step towards…

A renewed surge in food prices nationwide have become the country’s biggest inflationary concern, prompting the Centre for the Promotion of Private Enterprise (CPPE) to advocate for stronger structural reforms rather than further monetary…

CPPE Warns Senate's PlannedTextile Import Ban Could Cripple ₦10tn Fashion Industry

Nigeria’s external reserves have reached their highest level in nearly 17 years, highlighting stronger foreign exchange inflows and growing confidence in the country’s economic outlook. Figures released by the Central Bank of Nigeria…