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eNaira Trademark War Deepens as Court Rules Against Private Firm

The Business NG

BusinessNg

Fresh controversy has erupted over the ownership of the “eNaira” trademark after the Federal High Court in Abuja barred eNaira Payment Solutions Ltd from presenting itself as the registered proprietor of the name associated with Nigeria's digital currency.

- TUNDE APENA

In a landmark judgment delivered by Justice James Omotosho, the court issued a perpetual injunction against the company, ruling that the use of the name “eNaira” by a private entity was misleading and capable of creating public c

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The Business NG

Nigeria Owes World Bank $18.5bn, Ranks as Third-Largest Debtor Globally

Only Bangladesh, Pakistan Borrow More ● Mounting Loans Trigger New Debt Trap Concerns

1 min

BusinessNg

The Business NG

eNaira Trademark War Deepens as Court Rules Against Private Firm

1 min

BusinessNg

The Business NG

"We Are Dying Gradually" — Lagos Residents Raise Alarm Over Toxic Dumpsites, Polluted Air

Residents of several Lagos communities have raised fresh concerns over worsening environmental pollution caused by refuse dumpsites, toxic air, and poor waste management, warning that the situation is fast becoming a public health emergency.

1 min

BusinessNg

The Business NG

Seven Governors, 12 Ex-Governors, 51 Senators Secure APC 2027 Tickets

The All Progressives Congress (APC) has concluded its senatorial primary elections across several states, producing a strong list of political heavyweights as candidates ahead of the 2027 general elections.

1 min

BusinessNg

The Business NG

Nigeria Split Over 26.5% Interest Rate as CBN Tight Policy Fuels Growth Concerns

Nigeria's decision to maintain its benchmark interest rate at 26.5% has reopened a familiar economic debate: how to balance inflation control with the urgent need to stimulate growth in an economy where access to credit remains a major constraint for businesses.

1 min

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The Business NG

Solar Imports to Africa Soar as China Exports Jump 83%

China's exports of solar panels and solar cells to Africa surged sharply in April 2026, rising 83% year-on-year as global demand for renewable energy continued its rapid expansion.

1 min

BusinessNg

The Business NG

'80% of Nigerians in Debt' as Rising Living Costs Deepen Economic Pressure

Rising living costs and persistent economic pressure are pushing more Nigerians into debt, with analysts warning that borrowing is becoming a survival strategy for many households across the country.

1 min

BusinessNg

The Business NG

ECOWAS Projects Nigeria to Become 5th Richest Economy Globally Within 50 Years

The Economic Community of West African States (ECOWAS) has projected that Nigeria could become the world’s fifth richest country within the next 50 years, based on long-term global economic forecasts drawn from United Nations data and research by leading international universities.

1 min

BusinessNg

The Business NG

PDP Grants Jonathan Waiver, Clears Ex-President for Presidential Primary

The Peoples Democratic Party (PDP) has reportedly granted a waiver to former President, clearing him to participate in the party's presidential primary ahead of the 2027 general elections.

1 min

BusinessNg

The Business NG

CBN Projects 4.49% Growth as Inequality Concerns Persist

The Central Bank of Nigeria (CBN) has projected that the nation’s economy will grow by 4.49 per cent in 2026, signaling continued expansion in key sectors despite concerns over rising inequality and uneven distribution of economic gains.

1 min

BusinessNg