News
NESG urges discipline, transparency in 2026 economic agenda
2+ hour, 25+ min ago (480+ words) The Nigerian Economic Summit Group has outlined a short-term macroeconomic agenda for 2026 focused on protecting recent reform gains through tight policy coordination, institutional discipline, and transparent implementation of new laws, according to its macroeconomic outlook. This was contained in its…...
Economists back IMF warning on reform sustainability
1+ day, 2+ hour ago (843+ words) Economic experts have backed the International Monetary Fund's cautionary stance on Nigeria's reform agenda, urging the Federal Government to sustain ongoing economic reforms and avoid policy reversals, particularly as political pressures build ahead of the election cycle. They warned that…...
US market rally set to expand beyond tech
3+ day, 2+ hour ago (525+ words) US investors are increasingly betting that the stock market rally, long driven by technology giants, will broaden to include industrial, healthcare, and small-cap companies, creating opportunities for these sectors to assert market leadership, according to Reuters. Shares of tech leaders…...
IMF backs Nigeria’s 15.15% inflation, hails NBS methodology change
3+ day, 5+ hour ago (438+ words) The International Monetary Fund has welcomed Nigeria's December 2025 inflation outcome and the methodological changes adopted by the National Bureau of Statistics, saying the approach aligns the country's inflation measurement with international best practice and supports macroeconomic stability. In a statement…...
Petrol price hike looms as crude crosses $66/barrel
4+ day, 2+ hour ago (827+ words) The pump prices of Premium Motor Spirit (petrol) and other refined petroleum products, including Automotive Gas Oil (diesel), and Household Kerosene, among others, may spike soon as crude oil, the major feedstock for refined fuel, crossed $66/barrel on Wednesday. Brent,…...
NBS to ‘normalise’ December inflation data over projected spike
6+ day, 12+ hour ago (960+ words) The National Bureau of Statistics has said that it would "normalise" Nigeria"s inflation data for December 2025 over a projected spike in last month"s Consumer Price Index. This was disclosed on Monday during a virtual stakeholders engagement convened by…...
2026 budget twist: MDAs inject N3.5tn new projects despite FG freeze
1+ week, 2+ hour ago (1538+ words) There are at least N3.50tn new projects in the proposed 2026 budget, according to an analysis by The PUNCH. This is despite earlier budget preparation guidelines that directed Ministries, Departments, and Agencies to carry over 70 per cent of their 2025 capital allocation into…...
NBS meets stakeholders ahead of December inflation report
1+ week, 2+ hour ago (216+ words) The National Bureau of Statistics is set to engage stakeholders ahead of the release of the inflation data for December. This stakeholders meeting is scheduled to be held on Monday amid multiple projections that the disinflationary trend would be halted…...
Economy stabilising, but structural weaknesses persist — Yemi Kale
1+ week, 5+ day ago (1038+ words) Group Chief Economist and Managing Director of Research and Trade Intelligence at Afreximbank, Dr Yemi Kale. Group Chief Economist and Managing Director of Research and Trade Intelligence at Afreximbank, Dr Yemi Kale, has stated that while the Nigerian economy is…...
Nigerians cut household spending by N14tn as inflation bites hard
1+ week, 5+ day ago (1085+ words) Household consumption in Nigeria slumped sharply in real terms in 2024 as rising prices eroded the purchasing power of millions of families, according to provisional figures from the Central Bank of Nigeria's latest statistical bulletin. Data on Gross Domestic Product by…...