The International Monetary Fund (IMF) has warned African governments against broad fuel-price relief measures, saying they are expensive and poorly targeted as rising energy costs threaten household incomes and economic stability across sub-Saharan Africa. Zeine Zeidane, director of the IMF’s African Department, said on Thursday that generalised fuel-price smoothing could cost about four per cent …
The Centre for the Promotion of Private Enterprise has called on the Federal Government to ensure that Nigeria’s strongest quarterly economic growth in five years translates into jobs, rising household incomes and lower poverty. It made the call in a policy brief, issued on Tuesday by the Chief Executive Officer of CPPE, Dr Muda Yusuf. …
Nigeria’s economy expanded at a faster pace in the second quarter of this year, with real gross domestic product (GDP) growing by 4.43 per cent year-on-year. However, the underlying performance of the economy’s major sectors points to a slowdown in industrial activity despite stronger growth in agriculture and services. Data released on Monday by the …
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 …
Here are key economic events to watch this week, from January 12 to 16, 2026, in Nigeria and around the world. 12th National Economic Outlook Conference Nigeria’s key economic event for the week of January 12–16, 2026, is the 12th National Economic Outlook Conference. It is organised by the Chartered Institute of Bankers of Nigeria …
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 …
Brazil’s economic activity rose 0.4% in August compared with the previous month, falling short of the 0.6% increase economists had forecast, according to data from the central bank’s IBC-BR index released Thursday. The index, which serves as a monthly proxy for GDP, combines estimates from agriculture, industry, services, and production-related taxes. Only the agriculture sector …
U.S. consumer spending rose more than expected in August, driven by vacations, dining out, and higher demand for services, keeping the economy on solid ground even as inflation picked up. The Commerce Department reported Friday that household consumption, which makes up over two-thirds of economic activity, climbed by 0.6% after a 0.5% gain in July. …
Nigeria’s Gross Domestic Product (GDP) grew by 4.23 per cent on a year-on-year basis in real terms in the second quarter (Q2) of the year. The National Bureau of Statistics (NBS) revealed this in its second-quarter report released on Monday, September 22. The report shows the growth rate is higher than the 3.48 per cent …
The African Democratic Congress (ADC) has criticised Speaker of the House of Representatives, Tajudeen Abbas, for retracting his earlier statement on Nigeria’s rising debt profile. In a statement issued on Tuesday, the party’s spokesman, Bolaji Abdullahi, accused the National Assembly of complicity in the worsening debt crisis under President Bola Tinubu’s administration. Pinnacle Daily recalls …
