Nigeria’s oil production (including crude oil and condensate) dropped to 1.544 million barrels per day (bpd) in December from 1.599 million bpd in November. This reflects a 3.44 per cent decline on a month-on-month basis. This was revealed in the latest Crude Oil and Condensate data 2025 released by the Nigerian Upstream Petroleum Regulatory Commission …
Nigeria’s economic outlook for 2026 will be shaped by a mix of global and domestic pressures, according to the Managing Director of Cowry Asset Management Limited, Johnson Chukwu. Chukwu spoke at the Cowry Quarterly Economic Discourse (QED), which was held virtually on Thursday, December 15. Delivering a keynote presentation titled “Nigeria in 2026: Will Politics …
Nigeria’s struggle with high initial public offering (IPO) and listing costs has become a quiet but persistent barrier to deepening its capital market. For many companies, especially small and mid-sized firms, the expense of going public often outweighs the benefits, keeping them locked out of the formal market and limiting the pool of investable assets. …
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 …
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 …
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 …
Nollywood superstar Funke Akindele has made cinematic history with her latest film, Behind the Scenes, which has become the first African movie to surpass ₦2 billion in box office revenue. FilmOne, a leading Nigerian film distributor, announced that the movie grossed ₦2,103,039,706 within just one month of its release. This landmark achievement cements Akindele’s status …
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, …
Civil society organisations (CSOs) have criticised the Lagos State Government over what they described as the violent demolition of homes in the Makoko waterfront community. The Centre for Children’s Health Education, Orientation and Protection (CEEHOPE) Nigeria, the Health of Mother Earth Foundation (HOMEF), and Corporate Accountability and Public Participation Africa (CAPPA) expressed their condemnation in …
