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Hope on the Horizon: Nigerian Firms Gear Up for Hiring Spree Amid Economic Confidence – CBN

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A recent survey by the Central Bank of Nigeria (CBN) indicates that businesses are optimistic about the economy and expect to increase hiring in June 2025. The findings, published in the “Business Expectations Survey”, show rising confidence in Nigeria’s macroeconomic outlook during May 2025.....KINDLY READ THE FULL STORY HERE▶

According to the report, the Construction sector shows the strongest hiring potential, while the Mining and Quarrying sector leads in expansion prospects.

“In anticipation of business growth, firms plan to boost employment in June 2025,” the report stated.

The CBN noted that the Business Confidence Index rose to 18.7 index points in May, reflecting improved sentiment among business operators. The optimism is projected to grow further, reaching 41.1 index points over the next six months.

All surveyed sectors expressed confidence in the macroeconomic climate, with Agriculture topping the list at 23.2 index points this month. Over the next six months, Industry’s confidence is expected to more than double, hitting 42.2 index points.

Regionally, North-East Nigeria recorded the highest optimism (36.2 index points), while South-East Nigeria had the lowest (2.3 index points), largely due to the impact of insecurity on businesses in that region.

On their own business operations, all sectors reported positive outlooks for the review period, with the Construction sector leading at 16.7 index points.

However, the report also highlighted persistent challenges. Insecurity (74.5%), high interest rates (73.9%), and high taxes (73.4%) were identified as the top three constraints affecting business performance in May 2025.

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Operation Beautify Lagos: Govt Tells Property Owners to Renovate or Risk Demolition Before Council Elections

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The Lagos State Government has called on property owners to upgrade and beautify their buildings in order to improve the state’s overall appearance.....KINDLY READ THE FULL STORY HERE▶

This appeal was made in a statement issued by the Commissioner for Physical Planning and Urban Development, Oluyinka Olumide, and released through the ministry’s Director of Public Affairs, Mukaila Sanusi, on Tuesday in Lagos.

Olumide specifically urged owners of properties located along major highways to give their buildings the necessary facelift.

“We appeal to property owners, particularly those situated along key highways such as Ikorodu Road, Agege Motor Road, Ahmadu Bello Way, Adeola Odeku Street, Lagos-Abeokuta Expressway, and Herbert Macaulay Way, to take prompt action in enhancing the appearance of their building exteriors,” he said.

The commissioner explained that such efforts would align with the state’s mission to transform Lagos into a 21st-century economy.

He further advised property owners along major roads to consistently maintain and improve the exterior of their structures through repainting, façade upgrades, and general renovations — all in support of the government’s Greater Lagos vision

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Ambition Over Party: Eradiri Blames Atiku for PDP’s Collapse Ahead of LG Polls”

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Former Ijaw Youth Council (IYC) President, Udengs Eradiri, has called on 2023 PDP presidential candidate, Atiku Abubakar, to abandon his 2027 presidential bid in the interest of national unity and political stability.....KINDLY READ THE FULL STORY HERE▶

In a statement released on Tuesday in Port Harcourt, Eradiri warned that Atiku’s continued pursuit of the presidency has inflicted significant damage on the Peoples Democratic Party (PDP), once viewed by many Nigerians as a viable alternative to the ruling party.

He urged Atiku to prioritise national interest, stressing that the former vice president’s unrelenting ambition has had particularly negative consequences for the Niger Delta.

Eradiri, who previously served as Bayelsa State Commissioner for Youths and later for Environment, claimed that Atiku’s political desperation before the 2023 elections pushed Delta State into severe debt. He alleged that former Governor Ifeanyi Okowa was pressured to finance Atiku’s campaign in return for being picked as his running mate.

He further argued that Atiku’s candidacy disrupted the power rotation agreement between the North and South, weakening the PDP’s credibility as a true opposition force.

Urging Atiku to adopt the posture of an elder statesman, Eradiri advised him to make way for younger, more regionally representative candidates in the 2027 race.

“I urge Alhaji Atiku Abubakar to show true statesmanship by stepping away from his presidential ambition,” Eradiri said. “This appeal is not based on politics, but on the undeniable harm his ambition has done—especially to the Niger Delta. After eight years of northern rule under President Muhammadu Buhari, it should have been the South’s turn, but that opportunity was seized.”

He continued, “The PDP lies in disarray today because of Atiku’s relentless quest. His ambition has fractured the opposition and introduced instability into the political landscape. A functional democracy requires a strong opposition, but Atiku’s personal goals have dealt a serious blow to the party many Nigerians once believed in.”

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Crackdown in Lagos! NAFDAC Seals Shops, Arrests Six Over Banned Bleaching Creams

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The National Agency for Food and Drug Administration and Control (NAFDAC) has arrested six individuals and sealed multiple shops in Sabon Gari, Kano, over the illicit sale of skin-bleaching products.....KINDLY READ THE FULL STORY HERE▶

Mr. Kasim Ibrahim, NAFDAC’s Kano State Coordinator, made this known at a press briefing on Tuesday. He revealed that the clampdown followed a wave of public complaints across social media platforms, prompting a directive from the agency’s Director-General.

“In response to social media reports and a directive from our Director-General, we launched undercover surveillance and conducted mystery shopping of the suspected products,” Ibrahim stated.

He said investigations revealed that six individuals were involved in the distribution and sale of harmful, unapproved bleaching creams marketed as spa treatments.

“These products were disguised as beauty treatments but contained hazardous and unregistered ingredients,” he explained.

The raid, carried out in conjunction with NAFDAC’s Investigation and Enforcement Directorate, led to the arrest of suspects, product profiling, sample collection for lab analysis, and the sealing of affected shops. Ibrahim also noted that companies found to be counterfeiting registered cosmetic products or breaching regulations were similarly shut down pending further investigation.

Reaffirming NAFDAC’s mandate to regulate the production and sale of cosmetics and related items, he warned of the public health dangers posed by the unregulated sale of such products.

“This decisive action is part of our commitment to preventing public health crises caused by toxic and unapproved substances,” Ibrahim said.

He urged the public to stay alert and report suspicious activities, stressing NAFDAC’s resolve—under the leadership of Prof. Mojisola Adeyeye—to enforce regulatory standards.

“If you see something, say something. This is how we can all help avert potential health emergencies,” he added.

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