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PRP officially welcomes Baba-Ahmed – Businessday NG

The Peoples Redemption Party (PRP) has formally welcomed former Labour Party vice-presidential candidate, Yusuf Baba-Ahmed, into its fold. The party described his entry as a major boost to the party’s vision for a reformed and prosperous Nigeria. In a statement signed by its National Publicity Secretary, Muhammed Ishaq, in Abuja on Thursday, the party said…

PMI: Economic activities records first marginal decline after 16 years of expansion

Nigeria’s economic activity recorded a marginal decline in April 2026, ending 16 consecutive months of expansion, as the composite Purchasing Managers’ Index (PMI) dropped to 49.4 points, according to data released by the Central Bank of Nigeria (CBN). The PMI, a key indicator of business conditions, fell slightly below the 50-point threshold that separates expansion…

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PRP officially welcomes Baba-Ahmed – Businessday NG

The Peoples Redemption Party (PRP) has formally welcomed former Labour Party vice-presidential candidate, Yusuf Baba-Ahmed, into its fold. The party described his entry as a major boost to the party’s vision for a reformed and prosperous Nigeria. In a statement signed by its National Publicity Secretary, Muhammed Ishaq, in Abuja on Thursday, the party said...

PMI: Economic activities records first marginal decline after 16 years of expansion

Nigeria’s economic activity recorded a marginal decline in April 2026, ending 16 consecutive months of expansion, as the composite Purchasing Managers’ Index (PMI) dropped to 49.4 points, according to data released by the Central Bank of Nigeria (CBN). The PMI, a key indicator of business conditions, fell slightly below the 50-point threshold that separates expansion...

Scrapped tax breaks on foreign loans raise costs, threaten investment

Nigeria’s decision to scrap long-standing tax exemptions on interest paid on foreign loans is set to raise borrowing costs for companies, cloud existing financing arrangements, and potentially slow investment into infrastructure and other capital-intensive sectors at a time when the country is aggressively seeking private capital. “Interest on foreign loans will no longer enjoy preferential...

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