Category: Economy

Nigeria’s GDP grows 3.98% in Q3 2025 on stronger oil output

Nigeria’s economy expanded in the third quarter of 2025, extending its annual growth that had...

FATF exit saves Nigeria $30bn, says CBN gov

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, stated that Nigeria’s exit from...

Nigeria’s PMI hits 56.4 as private sector expansion rises

Nigeria’s private sector expansion gained further momentum in November 2025, as the key Purchasing Managers’...

Nigeria, Sierra Leone seal MoUs to boost W’Africa digital economy

Nigeria has enhanced its regional digital cooperation after the Honourable Minister of Communications, Innovation and...

VAT collection hits N4.12tr

Revenue generated through Value Added Tax saw a substantial rise in the first half of...

NLC slams global powers over Africa’s debt, trade imbalance

The Nigeria Labour Congress has criticised major global economic powers, saying Africa remains weighed down...

Households yet to see impact of declining inflation – CPPE

The Centre for the Promotion of Private Enterprise says Nigerian households are yet to feel...

S&P Global upgrades Nigeria’s economic outlook to ‘positive’

S&P Global Ratings has revised its outlook on Nigeria from “stable” to “positive,” while simultaneously...

Nigeria’s economy expands 11 month consecutively — Report

Nigeria’s economy expanded for the eleventh consecutive month as the Central Bank of Nigeria Purchasing...

Britain’s unemployment rises to 5%, highest since 2021

Britain’s unemployment rate experienced a larger-than-expected rise in the third quarter, reaching five percent, marking...

US Senate to end 40-day FG shutdown

The United States Senate appeared close to advancing a measure on Sunday designed to reopen...

High interest rates trigger 17% fall in consumer credit

Consumer credit in Nigeria recorded a significant decline, dropping by 17 per cent month-on-month to...