Business
Ecologist Charges Waste Managers On Service Delivery
An ecologist, Mr Habib Omotosho has urged public and private waste managers to render satisfactory disposal services to the residents of the Federal Capital Territory (FCT).
Omotosho, National Coordinator, Environmental Advancement Initiatives, an NGO, told the newsmen in Abuja, recently.
He alleged that people have refused to pay because they are dissatisfied with some of the disposal methods.
“If the people are satisfied with waste collection services, there will be willingness to pay for improved waste management.
“If people are dissatisfied with waste collection services, they will not be willing to pay for the services,’’ he noted.
The ecologist urged the waste management companies to ensure that waste collection fees depended on the quality of services people receive.
“Government authorities should pay urgent attention to location and income of residents before setting solid waste collection fees.
“Concerted programmes facilitating private investors in waste disposals in the FCT should be intensified.
“In addition, public enlightenment programmes through the media should also be adopted in order to properly inform the citizens about the need to patronise such disposable services,’’ he added.
Omotosho explained further that public education would also enhance the willingness of the people to pay for services in solid waste disposal.
Business
Private sector gets N2.2tr credit in 30 days — CBN
Credit to Nigeria’s private sector rose to N83.26 trillion in June 2026 from N81.04 trillion in May, signifying a positive balance of N2.22 trillion month-on-month.
Year-on-year, the figure represents a nine per cent increase compared with the N76.13 trillion recorded in June 2025. The latest figures come as the CBN continues to balance efforts to control inflation with the need to support economic growth and expand credit to businesses.
The CBN data shows that credit to Nigeria’s private sector increased by approximately 2.74 per cent month-on-month between May and June 2026. Also, the CBN data noted that credit to the government fell slightly to N40.03 trillion from N40.38 trillion. Other assets, net, dropped to N10.76 trillion from N12.63 trillion.
The credit surge signifies sustained growth in lending to businesses and other private-sector borrowers during the month. The rise in private sector credit was recorded alongside an increase in net domestic credit, despite declines in credit to government and other assets.
Further analysis of the report says that compared with June 2025, private sector credit rose by about N7.13 trillion yea-on-year but net domestic credit increased by approximately N1.87 trillion during the month.
The CBN’s relatively tight monetary policy stance notwithstanding, more banks still loaded funds to the private sector within the period. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 306th meeting on July 20 and 21.
The Committee reviewed recent developments in the global and domestic economies, assessed emerging risks to the outlook and considered their implications for monetary policy and retained all rates.
The Committee decided to retain the Monetary Policy Rate at 26.5 per cent; the Standing Facilities Corridor around the MPR at +50/-450 basis points and retain the Cash Reserve Requirement (CRR) for Deposit Money Banks at 45.00 per cent, Merchant Banks at 16.00 per cent, and non-TSA public sector deposits at 75.00 per cent.
The MPC decision means that credit extension in the private sector will likely continue to rise because of rising confidence in the sector and calls by stakeholders for banks to invest in the private scetor instead of government securities.
Business
Solar Power: Host Communities Trust, Partner PIND To Light Up Ikwerre Communities
Business
NDDC Intensifies Women Empowerment Initiative Across Niger Delta
