Marketing

Car ownership in Nigeria is increasingly becoming a luxury as concerns mount over the recently introduced customs levy and declining import volumes. Industry stakeholders say the added financial burden, coupled with rising foreign exchange rates and weakening purchasing power, is making it difficult for average Nigerians to afford new or imported vehicles. The situation has sparked fears of long-term impacts on the automotive sector and mobility across the country.

The Nigerian Communications Commission (NCC) has expressed alarm over the increasing rate of fibre optic cable cuts, revealing that telecom giants like MTN, Airtel, and others experience more than 1,100 incidents weekly. This persistent disruption is significantly affecting service quality, hindering internet connectivity, and slowing down digital growth across the country.

The Nigerian National Petroleum Company (NNPC) Limited has reversed its earlier decision to raise the pump price of petrol, announcing a price reduction just 48 hours after the initial hike. The move comes amid widespread public criticism and concerns over the impact of rising fuel costs on the economy and daily living expenses. The company has not yet provided detailed reasons for the sudden adjustment.

Omoyele Sowore, activist and former presidential candidate, has criticized the idea of a rotational presidency in Nigeria, arguing that the country’s focus should be on electing capable and visionary leaders, regardless of their region or ethnicity. He maintained that true progress would only come through merit-based leadership, not power-sharing arrangements based on geography.