Nigeria News Digest: Aug 26, 2025

The Manufacturers Association of Nigeria urged the federal government to suspend the 4 % free‑on‑board charge on imports, arguing the fee would inflate the cost of locally unavailable raw materials.

Former minister Oby Ezekwesili criticized President Tinubu’s fuel subsidy removal, saying the reform was poorly executed and has worsened poverty and inflation.

The Nigerian equities market recorded a sharp decline, dropping 2.29 billion Naira in one week amid profit‑taking and cautious investor sentiment.

Nigeria plans to lift the 5 % cap on pension fund investments in infrastructure and private equity, aiming to boost returns for retirees and support national development.

77 per cent week-on-week (WoW) to close at 144,628.15 per cent to close at N26.This week, Cowry Asset Management Limited said, "we expect the Nigerian equities market to trade mixed, with cautious sentiment dominating overall performance.

Nigeria to expand pension investment scope in infrastructure and private equity Nigeria is preparing to revise its pension investment regulations to allow a greater share of the country’s $17 billion pension assets to be allocated to infrastructure and private equity, in a strategic move aimed at boosting returns for retirees and supporting national development.The National Pension Commission (PenCom) is in the final stages of reviewing the current 5% cap on pension fund investments in these alternative asset classes, according to Ibrahim Buwai, PenCom’s spokesman.Currently, fixed-income securities account for 62% of pension fund assets, but persistent inflation, hovering above 20% for two consecutive years, and a roughly 70% depreciation of the naira against the U.

Labour leaders in Nigeria criticized worsening job conditions and called for economic diversification to boost productivity and address workers' hardships, as discussed at a recent industrial relations seminar.

Nigerian manufacturers warned of rising consumer prices and inflation after the government reintroduced a 4% import levy, shifting costs to end-users.

BUA Foods Plc shares hit a 52-week high of N590 on the Nigerian Exchange, reflecting increased market confidence despite lower trading volumes.