The Federal Government earned far less than expected from crude oil in the first half of 2025, even though crude oil production improved slightly during the period. According to the …
Nigerian economy
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EconomyEnergyGovernment PolicyNational BudgetOil & GasPublic Finance
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BusinessEconomyIndustryManufacturingNigeriaTrade
Nigeria’s Textile Imports Jump to N814.27bn in Nine Months as Industry Revival Efforts Falter
Nigeria’s textile imports rose sharply to N814.27bn in the first nine months of 2025, raising fresh concerns over the effectiveness of the Federal Government’s repeated claims that it is reviving …
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BusinessEconomyPoliciesPrivate SectorSecurityTaxation
ACCI President Warns of Contracting Economy as Businesses
The President of the Abuja Chamber of Commerce and Industry, Chief Emeka Obegolu (SAN), has raised serious concern over Nigeria’s tough business environment, warning that the country’s economy is contracting …
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BusinessEconomyEnergyIndustryManufacturingPolicies
N9.16tn manufacturing output dampened by weak expansion
Nigeria’s manufacturing sector generated N9.16tn in nominal terms in the third quarter of 2025, but industry leaders say the growth remains too weak to support broad economic development. The latest …
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BankingBusinessEconomyFinanceInflationMonetary Policy
CBN Keeps Interest Rate at 27% as Inflation Slows and Exchange Rate Stabilises
The Central Bank of Nigeria has once again held the Monetary Policy Rate at 27 per cent, marking the fourth time this year that the rate has remained unchanged. The …
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AgribusinessAgricultureEconomyFood ProductionHealth
Cost of a Healthy Diet Rises Sharply to N1,611 Per Adult Daily in July 2025
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 …
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BusinessEconomyFinanceInflationMarketsPrivate Sector
Nigerian Private Sector Expands as Inflation Slows, New Orders Hit Three-Month High
Nigeria’s private sector recorded a rise in new orders in November, reaching the highest level in three months as inflationary pressures continued to ease. This is according to the latest …
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BusinessEconomyEnergyGOVERNMENTMarketsOil & Gas
Dangote Refinery Output Falls Short as Nigeria Leans on Fuel Imports in October
Fuel supply stability slowed again in October 2025 as the Dangote Petroleum Refinery delivered an average of only 17.1 million litres of petrol per day, leaving Nigeria heavily dependent on …
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BusinessCurrencyEconomyFinanceForex TradingNigeria
Naira Strengthens as CBN Reforms Boost Investor Confidence
The naira recorded a stronger performance in the past week as it closed at N1,446.74 per dollar at the official market, showing a 0.69 per cent rise compared to the …
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British American Tobacco Nigeria (BAT Nigeria) has received praise for its strong contribution to Nigeria’s manufacturing industry, after recording more than $300 million in export earnings between 2022 and 2024. …