Nigeria’s headline inflation rate eased further to 18.02 per cent in September. The National Bureau of Statistics (NBS) announced this in its latest monthly Consumer Price Index (CPI) report released on Wednesday, October 15. The CPI report shows that headline inflation dropped to 18.02 per cent year-on-year in September from 20.12 per cent in August. …
The International Monetary Fund (IMF) has commended Nigeria's decisive monetary and fiscal reforms, acknowledging their positive impact on stabilising the economy, reducing inflation, and bolstering foreign exchange reserves. At the launch of its latest World Economic Outlook (WEO), the IMF revised Nigeria's growth forecast upward, predicting a 3.9% growth in 2025 and 4.2% in 2026. …
A pinnacle Daily data analysis has revealed that out of the approximately 147 companies listed on the Nigerian Exchange Limited (NGX), 10 dominant firms are responsible for more than 60 per cent of the NGX's total market capitalization, exerting a significant influence on the exchange's overall performance BUA Foods now leads the top 10 most …
America’s small businesses are bracing for a rough patch. According to new data released by the National Federation of Independent Business (NFIB), confidence among U.S. small business owners fell sharply in September, as inflation worries, tariff pressures, and growing policy uncertainty weighed heavily on Main Street. The NFIB Small Business Optimism Index dropped 2.0 points …
Federal Reserve Chair Jerome Powell on Tuesday delivered his final speech before the Fed’s upcoming policy meeting, navigating a U.S. economy torn between strong growth, rising productivity, and mounting inflation risks. The address comes as policymakers grapple with incomplete economic data amid a U.S. government shutdown that has delayed the September jobs report and other …
The International Monetary Fund (IMF) has upgraded Nigeria’s economic growth forecast to 3.9 per cent in 2025, citing, among others, improved appreciation in the exchange rate. It reviewed this in the World Economic Outlook (WEO) unveiled at its ongoing annual meetings in Washington, D.C, on Tuesday, October 14. The projection of 3.9 per cent is …
The International Monetary Fund (IMF) has urged countries to prioritise reducing their debt levels, warning that excessive debt suffocates economies. The Managing Director, Kristalina Georgieva, gave the advice on Monday, October 13 during the civil society organisation (CSO) town hall at the ongoing annual meetings of the World Bank and IMF. She said countries can …
Geregu Power Plc and its counterpart in the generation and sales of electric power, Transcorp Power Plc, saw revenues grow year-on-year to ₦439.97 billion in the third quarter (Q3) of the year. The two-generation companies (GenCos) stated in their unaudited Q3 financial results for the period ended September 30, 2025. Their revenues grew by 30.91 …
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said that Africa must remove disincentives to investment to grow revenue. He emphasised this in a post on his X handle on Monday, October 13, to explain what he meant by "The True Cost of Tax". He suggested that it is …
The federal government accounts for N141.08 trillion, or 92.6 per cent, as Nigeria’s total public debt stock rose to N152.4 trillion on June 30, 2025. This is according to the latest disclosure by the Debt Management Office (DMO). A cursory look at the debt office report shows that Nigeria's public debt worsened by N3.01 trillion …
