The Nigerian Economic Summit Group (NESG) has projected a 5.5 per cent growth in the Gross Domestic Product (GDP), declaring that the country has exited a period of “acute economic crisis”. It said Nigeria is now on the path to a stronger growth trajectory as economic reforms transition from stabilisation to consolidation. It made this …
Nigeria’s headline inflation rate climbed to 15.15 per cent in December 2025, according to the National Bureau of Statistics (NBS). The statistics agency disclosed this in a statement issued on Thursday, December 15, noting that the latest inflation figures follow the completion of a rebasing exercise. It explained that the report is now based on …
Oil prices dropped from multi-month highs on Thursday, while gold retreated from record levels after U.S. President Donald Trump signaled a step back from potential military action against Iran, easing demand for safe-haven assets. Brent crude futures fell 3.3% to $64.32 a barrel, down from $66.82 a day earlier, as Trump said killings in Iran’s …
Minister of Finance and Coordinating Minister of the Economy Wale Edun has indicated that Nigeria could see interest rate cuts in the near term if the current disinflation trend is sustained. Speaking in an interview on the sidelines of Abu Dhabi Sustainability Week, Edun said a continued slowdown in inflation would give the Central Bank …
U.S. banking giants reported strong fourth-quarter profits, driven by rising demand for loans from both commercial and consumer borrowers. The trend could signal healthy earnings for lenders in 2026. Bank of America (BAC) saw its average loans rise 8% year-on-year, while net interest income the difference between earnings on loans and payouts on deposits—hit a …
Nigeria’s Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said the Federal Government will enforce the “Drip or Drop” principle enshrined in the Petroleum Industry Act (PIA) to ensure the timely utilisation of oil and gas assets by licensed operators. Lokpobiri stated this during the pre-bid conference for the 2025 licensing round held …
Nigeria and the United Arab Emirates (UAE) signed the Comprehensive Economic Partnership Agreement (CEPA) on Tuesday, January 13, 2026, strengthening their economic ties. This historic agreement represents a substantial departure from past diplomatic hitches to a future of deep economic cooperation. A statement from the State House said the bilateral agreement will remove trade barriers, …
The Lagos State Government plans to introduce electric-powered boats into the LAGFERRY fleet before the end of the year. The move aims to lower transport fares and advance sustainable mobility across the state. The announcement was made by Hon. Abdoulbaq Ladi-Balogun, Managing Director of LAGFERRY, in a statement shared on the state government’s official X …
Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, has revealed that Nigeria’s ongoing tax reforms have exposed him to threats against his personal safety. Oyedele disclosed this on Tuesday in Abuja while speaking at a governance colloquium organised to mark the 50th birthday of Hajiya Hadiza Bala Usman, Special …
The Debt Management Office (DMO) has opened subscriptions for the Federal Government of Nigeria (FGN) Savings Bonds for 2026, offering investors an interest rate of 15.39 per cent per annum. It made the announcement in a notification released on Monday, December 12. The January 2026 issuance rates are higher than those offered in December 2025, …
