Private sector players are urging the Nigerian government to suspend the increase in electricity tariff for band A customers, citing the recent appreciation of the naira, a part of the determining factor for the tariff. Segun Ajayi-Kadir, Director General of the Manufacturers Association of Nigeria, joins CNBC Africa for this and more.

Boeing said Wednesday that it lost $355 million on falling revenue in the first quarter, another sign of the crisis gripping the aircraft manufacturer as it faces increasing scrutiny over the safety of its planes and accusations of shoddy work from a growing number of whistleblowers.

Nigeria has revoked 924 dormant mining licences while calling on investors to apply for the licences offered on a first-come, first-served basis. Meanwhile, the Lagos Chamber of Commerce and Industry is urging the government to review the mining industry strategy to attract mineral exploration investments, reignite mining project development, and accelerate new mineral discoveries.