Nigeria’s headline inflation rate continued its downward trend for the fifth consecutive month, easing to 20.12 per cent in August 2025 from 21.88 per cent recorded in July. This represents a 1.76 percentage point decline, according to the Consumer Price Index (CPI) report released on Monday by the National Bureau of Statistics (NBS). The sustained …
Nigeria recorded a ₦7.46 trillion trade surplus in the second quarter (Q2) of the year, according to the National Bureau of Statistics (NBS). It revealed this in its latest foreign trade report released on Friday, September 12. The report shows that Nigeria’s total export of ₦22.75 trillion was higher than its imports of ₦15.28 trillion, …
Nigerian private sector business recorded a four-and 19-month high in output and new orders, respectively, in August, but the manufacturing sector remained subdued. The sector is among the four broad sectors, including agriculture, construction, and services, that Stanbic IBTC Bank tracks in its monthly Purchasing Managers Index (PMI) report. The latest report, released on Monday, …
