Nigeria’s headline inflation is expected to drop to 15.48 per cent in November but to spike over 30 per cent in December. United Capital Research forecasts this in its ‘Inflation Watch’ report released on Wednesday, November 3. The anticipated moderation will be driven by a slight reduction in the prices of selected food items and …
The $5 billion Africa Energy Bank building is ready for use once the APPO and Afreximbank complete the administrative and regulatory processes, the Federal Government of Nigeria has said. The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, said during a recent inspection visit to the facility in Abuja. The bank has missed two …
Lagos State will host the inaugural Food and Culture Festival on December 16 and 17, 2025, the Minister of Art, Culture, Tourism, and Creative Economy, Hannatu Musa-Musawa, announced on Tuesday. She said the festival reflects the Federal Government’s commitment to promoting Nigeria’s cultural heritage and using art, culture, and tourism as tools for economic growth, …
U.S. online shopping surged to $44.2 billion over the five-day Thanksgiving-to-Cyber-Monday period, according to new data from Adobe Analytics. Cyber Monday alone brought in $14.25 billion, cementing its place as the biggest online shopping day of the year. Adobe said online spending during Cyber Week rose 7.7% from last year, though the growth rate was …
Switzerland may need to get used to U.S. tariffs, a top Swiss trade negotiator said Tuesday. The statement follows a new deal that aligns Swiss tariffs with those of the European Union. In August, President Donald Trump imposed a 39% tariff on Swiss goods, the highest in Europe. Last month, Bern and Washington agreed to …
Nigeria's Gross Domestic Product (GDP) grew by 3.98 per cent year-on-year in real terms in the third quarter (Q3) of 2025. The National Bureau of Statistics (NBS) revealed this in its latest data released on Monday, December 1. The report shows that GDP grew slightly relative to the 3.86 per cent recorded in the same …
Stakeholders in the Nigerian manufacturing sector have expressed concern about the move by the Senate Committee on Finance to amend the Customs and Excise Act to increase excise duty on non-alcoholic beverages. The Centre for the Promotion of Private Enterprise (CPPE) said the move is economically disruptive and inconsistent with Nigeria’s broader development and industrial policy …
The Central Bank of Nigeria (CBN) has reported that seven subsectors recorded mild contractions in economic activities in November. It revealed this in its Purchasing Managers’ Index (PMI) report for November. It stated that the composite PMI expanded to 56.4 index points in November, compared to 55.4 index points in October. A reading of the …
President Bola Ahmed Tinubu has approved the establishment of the National Tax Policy Implementation Committee (NTPIC). The Special Adviser to the President on Information and Strategy, Bayo Onanuga, made this known in a statement on Friday, November 28. The committee will be chaired by Joseph Tegbe and overseen by the Minister of Finance and Coordinating …
Canada’s economy grew at a far faster pace than expected in the third quarter, expanding year-on-year by 2.6%, Statistics Canada reported Friday. The data provides a relief from fears of a recession after the economy contracted 1.8% in the previous quarter, and comes despite continued challenges from U.S. tariffs that have affected Canadian exports and …
