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Analysts Call for Term Limits for Lawmakers

The Business NG

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The BusinessNG

A growing chorus of political analysts and scholars is calling for constitutional term limits for Nigerian lawmakers, warning that indefinite tenures are eroding legislative effectiveness, encouraging corruption, and stifling democratic accountability.

The critics argue that the absence of a term cap for members of the National Assembly and State Houses of Assembly has enabled some lawmakers to entrench themselves in power for decades. This lack of turnover, they say, fosters complacency, reduces responsiveness to constituents, and creates a toxic culture of political entitlement.

MÁS HISTORIAS DE The Business NG

The Business NG

Despite Losses in 28 State Airports, Ogun Rolls Out Gateway

Only 4 Airport are Profitable - Analysts ValueJet Begins Scheduled Flights October 7 State-Owned Airports in Nigeria Operate at a Loss — NCAA

time to read

1 min

The BusinessNG

The Business NG

Naira to Hit N1,300 by Year-End -BUA Chairman

Chairman of BUA Group, Abdul Samad Rabiu, has expressed confidence that Nigeria's currency could appreciate to between N1,300 and N1,400 per US dollar by December 2025, citing ongoing fiscal and monetary reforms.

time to read

1 min

The BusinessNG

The Business NG

Shoprite Faces Collapse as 25 Branches Shut Down Nationwide

Struggling retail consumer goods giant, Shoprite Nigeria, is fighting to stay afloat as store closures, empty shelves, and mounting financial pressure push the once-thriving supermarket chain closer to collapse, BusinessNG can report.

time to read

1 min

The BusinessNG

The Business NG

Concerns Mount Over PenCom's New Governance Exemptions

The National Pension Commission's (PenCom) newly released Corporate Governance Guidelines for Pension Fund Operators have sparked debate, with critics warning that certain exemptions could weaken board independence in the pension industry.

time to read

1 min

The BusinessNG

The Business NG

14 Banks Scale CBN Capital Test

Fourteen Nigerian banks have already met the Central Bank of Nigeria's (CBN) new capital requirements, marking a major step in the ongoing recapitalisation exercise.

time to read

1 min

The BusinessNG

The Business NG

Natasha Returns to Senate, Says No Apology

Senator Natasha Akpoti-Uduaghan has gone back to the National Assembly after completing a six-month suspension.

time to read

1 min

The BusinessNG

The Business NG

Nigeria's GDP Grows 4.23% on Oil Rebound

Nigeria’s economy expanded by 4.23% year-on-year in the second quarter of 2025, driven by higher crude oil output and a stronger non-oil sector, according to data released by the National Bureau of Statistics (NBS). The figure surpasses the 3.48% growth recorded in Q2 2024.

time to read

1 min

The BusinessNG

The Business NG

Parents Cry Out as Private Schools Hike Fees Nationwide

Parents in Enugu, Lagos, Abuja, and Port Harcourt are raising alarm over steep tuition hikes by private and faith-based schools, with fees rising by as much as 50% this new academic session.

time to read

1 min

The BusinessNG

The Business NG

Tax Reform: How Nigerians' Income May Be Affected in Jan. 2026

Nigerians will soon face a new tax system starting January 1, 2026, aimed at making taxes fairer while encouraging investments and savings.

time to read

1 min

The BusinessNG

The Business NG

'CBN May Cut MPR as Inflation Eases, Naira Stabilizes'

The Central Bank of Nigeria (CBN) is expected to trim its benchmark Monetary Policy Rate (MPR) by 25 to 50 basis points at its 302nd Monetary Policy Committee (MPC) meeting scheduled for September 22-23, 2025, as inflation eases and the naira stabilizes.

time to read

1 min

The BusinessNG

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