Nigeria's Liquefied Petroleum Gas (LPG) sector recorded a historic shift in 2025. For the first time, domestic suppliers provided the vast majority of the country's LPG, also known as cooking gas, with imports falling to less than 20 per cent of the total supply. Data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority …
The Centre for the Promotion of Private Enterprise (CPPE) has raised concerns over renewed calls for a special tax on sugar-sweetened non-alcoholic drinks in Nigeria, warning that such a move could harm the manufacturing sector and worsen economic pressures. CPPE said in a statement issued by its Chief Executive Officer, Muda Yusuf, on Monday, January …
The Debt Management Office (DMO) has revealed plans to raise ₦900 billion through the reopening of three Federal Government of Nigeria (FGN) bonds at its January 2026 bond auction. The auction is scheduled for January 26, 2026, with settlement expected on January 28, 2026, DMO stated in a circular released on Monday. The offer spans …
The Nigerian Government has signalled a strategic shift from heavy borrowing as it seeks to reduce debt-related risks and reassure investors amid tightening global financial conditions. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, hinted at the policy direction during an interview with Bloomberg at the ongoing 56th World Economic Forum (WEF) …
Nigeria's non-oil export sector achieved a historic milestone in 2025, reaching a record $6.1 billion in earnings. This represents an 11.5 per cent increase from the $5.46 billion recorded in 2024, marking the highest value since the Nigerian Export Promotion Council (NEPC) was established nearly 50 years ago. This was revealed on Monday in Abuja …
The International Monetary Fund (IMF) has raised Nigeria’s economic growth forecast for 2026 to 4.4 per cent. The Fund cited improved macroeconomic conditions and ongoing reforms as key drivers. According to the IMF’s January 2026 World Economic Outlook (WEO), titled “Global Economy: Steady amid Divergent Forces”, Nigeria’s economy will grow steadily from 4.1 per cent …
Global financial markets came under renewed pressure on Tuesday as stocks fell, the U.S. dollar weakened, and Treasury yields climbed to four-month highs, following President Donald Trump’s renewed push to take control of Greenland, a move that has unsettled investors and revived geopolitical and trade concerns. Equities slid sharply after Trump threatened to impose additional …
With effect from January 21, 2026, citizens of 75 countries will no longer be able to process visa applications to the United States (US), which may jeopardise its economy and have immediate consequences on the upcoming 2026 FIFA World Cup. President Donald Trump recently announced an indefinite suspension to strengthen his administration’s protectionist agenda with …
Between late 2025 and early 2026, the Nigerian petrol market has begun to gradually feel what seems like the effect of deregulation, with the rising competition among marketers triggered by the entry of Dangote Refinery. The 650,000 barrels per day refinery, which began operations in 2024, has significantly ramped up production, challenging the long-standing import-based …
The International Monetary Fund (IMF) has raised its global growth forecast for 2026, pointing to strong investment in artificial intelligence and growing adjustment to global trade tensions. In its latest World Economic Outlook update released on Monday, the Fund projected global GDP growth of 3.3 percent in 2026. This represents a 0.2 percentage point increase …
