Go Unlimited with Magzter GOLD
Get unlimited access to 9,500+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Tinubu at Two: Nigerians Split on Reforms
The Business NG
|The BusinessNG
As President Bola Ahmed Tinubu marks two years in office, Nigerians remain sharply divided over the impact of his administration's sweeping economic reforms, with many grappling with deepening hardship, while others cling to cautious optimism.
-
Across markets, offices, and ministries, the citizen verdict is mixed—ranging from outright despair to tentative hope.
"It’s been two years of disaster," declared Goodluck Benigbo, a Lagos-based businessman. "Fuel subsidy removal was supposed to liberalize prices, but petrol has gone from under N200 to nearly N1,000 per litre. People are hungry and there's no sign of relief."
This story is from the The BusinessNG edition of The Business NG.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Business NG
The Business NG
Nigerian Stocks Outpace Inflation with 38% Gain
Nigeria's stock market has continued its impressive rally in 2025, delivering real positive returns for investors as inflation eases.
1 min
The BusinessNG
The Business NG
Banks Push Back as AMCON Levy Hits N847bn
Calls Grow to Scrap AMCON After 15 Years
1 min
The BusinessNG
The Business NG
Nigerians Dismiss FG's N330bn Cash Transfer Claim
The Federal Government's claim that it disbursed 330 billion in cash transfers to poor and vulnerable households has sparked widespread disbelief, with many Nigerians dismissing the announcement as fraudulent and lacking transparency.
1 min
The BusinessNG
The Business NG
Pension Savings for Informal Workers Surge to N1.46bn
Nigeria's informal workers are increasingly securing their financial future, with retirement savings under the Personal Pension Plan (PPP) climbing by 765 percent in just four years, according to the Pension Fund Operators Association of Nigeria (PenOp).
1 min
The BusinessNG
The Business NG
Ibas Bows Out, Says Peace Is Rivers' Gain
Retired Vice Admiral Ibok-Ete Ibas, who served as Sole Administrator of Rivers State for six months, says his administration succeeded in restoring peace and stability in the state despite operating under extraordinary conditions.
1 min
The BusinessNG
The Business NG
Banks Must Approve MDs Six Months Ahead – CBN Orders
The Central Bank of Nigeria (CBN) has directed Domestic Systemically Important Banks (DSIBs) to secure regulatory approval for their Managing Director/Chief Executive Officer (MD/CEO) successors at least six months before the incumbent’s tenure ends, as part of efforts to strengthen corporate governance and ensure stability in the financial system.
1 min
The BusinessNG
The Business NG
FG Backs Down on 5% Fuel Tax Implementation
The Federal Government has clarified that it has no immediate plan to enforce the controversial 5% Petroleum Products Tax provided in the recently enacted tax legislation.
1 min
The BusinessNG
The Business NG
NAICOM Sets July 2026 Deadline for Insurance Recapitalisation
The National Insurance Commission (NAICOM) has issued fresh guidelines on the minimum capital requirements (MCR) for insurance and reinsurance firms in Nigeria, directing all operators to fully comply by July 30, 2026.
1 min
The BusinessNG
The Business NG
Banks' Loan Rates Soar to 36%, SMEs Struggle to Survive
Nigerian businesses are reeling under the weight of soaring bank lending rates, which now range between 29% and 36%, raising fears of slower growth, stalled investments, and rising job losses.
1 min
The BusinessNG
The Business NG
NUPENG Strike: Fuel Supply Secured, Dangote Tells Nigerians
Dangote Refinery has dismissed fears of looming fuel shortages following the nationwide strike declared by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG).
1 min
The BusinessNG
Listen
Translate
Change font size