By Victor Ezeja The proposed return of Petrobras to Nigeria, as discussed during President Bola Tinubu's state visit to Brazil earlier this week, is seen as a significant development with far-reaching implications for Nigeria’s oil and gas industry. This comes five years after it exited joint venture activities in the country. The deal is part of broader …
PwC Nigeria has projected Nigeria's Gross Domestic Product (GDP) to grow by 3.4 per cent in 2025, building on the 2.7 per cent growth recorded in 2024. This growth is primarily supported by higher crude oil production and strengthened performance in key sectors, including finance & insurance, ICT, construction, and real estate. Nigeria's recent GDP …
While Nigeria battles insurgency, the rate of kidnapping has equally escalated and turned into a lucrative industry, with abductors getting billions of naira as proceeds yearly. A recent report by SBM Intelligence revealed that between July 2024 and June 2025, kidnappers demanded roughly ₦48 billion as ransom and got ₦2.57 billion, representing 5.35 per cent …
Nigeria’s external reserves have been projected to reach $45 billion by the end of 2025, bolstering efforts by the Central Bank of Nigeria (CBN) to stabilise the naira and pave the way for economic growth. This comes as external reserves have recorded a steady rise in recent times, reaching $41 billion on Tuesday, August …
Victor Ezeja The Manufacturers Association of Nigeria (MAN) has opposed the Nigeria Customs Service (NCS)'s recent reintroduction of a 4 per cent Free on Board (FOB) charge on imports, which took effect on 4 August 2025. This levy, which is applied to the total value of goods before shipment, has sparked significant concern due to its potential to …
Nigeria's significant decline in Foreign Direct Investment (FDI) is a pressing economic issue, reflecting deep-seated structural weaknesses and investor apprehensions. The latest Capital Importation report released by the National Bureau of Statistics reveals that Foreign Direct Investments into Nigeria fell sharply by 70.06 per cent quarter on quarter to $126.29 million in the first quarter …
By Victor Ezeja While economic theory says a drop in money supply could lead to a reduction in inflation, experts have, however, argued that such may not be the case in Nigeria’s situation. The relationship between Nigeria's money supply and inflation is said to be a complex one. Recent Declines in Money Supply Amid Economic …
By Victor Ezeja Prepaid meter deployment in Nigeria has been hampered by high costs, systemic corruption, and inefficiencies, leaving millions of consumers at the mercy of an arbitrary and exploitative estimated billing system. Since the privatisation of the power sector more than a decade ago, the Federal Government has continued to adopt measures to close …
By Victor Ezeja Despite recording a notable decline in inflation rate, there are concerns that persistent structural issues in the Nigerian economy pose a threat to the gains made. The headline inflation rate has dropped from 34.80 per cent in December 2024 to 21.88 per cent in July 2025, according to official statistics released by the National Bureau of Statistics (NBS). According …
