The cost of maintaining a healthy diet in Nigeria continues to rise, as the National Bureau of Statistics (NBS) has reported a 27.3 percent year-on-year increase in the Cost of …
NBS Report
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AgribusinessAgricultureEconomyFood ProductionHealth
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BusinessDevelopmentEconomyFinanceOil & Gas
Nigeria Records 3.98% GDP Growth in Q3 2025 as OPS Warns Gains Not Yet Felt by Businesses
Nigeria’s economy grew by 3.98 per cent in the third quarter of 2025, showing a slight improvement from the 3.86 per cent recorded in the same period of 2024, according …
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DevelopmentEconomyManufacturingNigeriaTrade
Industrialists worry as raw imports from Asia hit N1.72tn
Nigeria imported raw materials worth N1.72tn from Asia in the first half of 2025, according to new figures released by the National Bureau of Statistics. The number shows how strongly …
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AgricultureBusinessEconomyForeign ExchangeOil & GasTrade
Nigeria Records N12.64tn Trade Surplus in H1 2025, Analysts Warn of Risks
igeria recorded a trade surplus of N12.64 trillion in the first half of 2025, offering some relief for the country’s foreign exchange market even as concerns remain about structural weaknesses …
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BankingBusinessEconomyForeign AffairsGOVERNMENTGovernment PolicyINVESTMENT
Nigeria Attracts $5.64bn in Q1 2025 as Banking Sector Leads Capital Inflows
Nigeria recorded a strong rise in foreign capital inflows in the first quarter of 2025, attracting a total of $5.64 billion. The latest capital importation report released by the National …
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AgricultureBusinessEconomyInflationMonetary PolicyTrade
Analysts See Inflation Cooling but Warn of Rising Policy Costs
Nigeria’s inflation outlook is showing signs of relief as analysts project a continued slowdown in the coming months. This follows new data released by the National Bureau of Statistics (NBS) …
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Business and EconomyEducationEntrepreneurshipNigeriaTechnologyWestern Africa
SMEs Must Embrace Innovation to Survive – Demola Aderibigbe
The Chief Executive Officer of Lalaa Consulting, Mr. Demola Aderibigbe, has said that small and medium-sized enterprises (SMEs) in Nigeria must begin to apply creativity and innovation in their businesses …
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EconomyNigeriaTrade and CommerceWestern Africa
Nigeria’s Maritime Trade Hits N130.8 Trillion in 2024
Nigeria’s foreign trade via maritime transport surged by 91% in 2024, reaching N130.75 trillion, up from N68.44 trillion in 2023, according to the National Bureau of Statistics (NBS). Exports dominated …