In September 2025, the economy of Nigeria continued to record an upward trend since the Purchasing Managers Index (PMI) increased to 54.0 points in September compared to 51.7 points in August and this is the tenth month of consecutive growth. The annual PMI report that was issued by the Central Bank of Nigeria (CBN) showed…
With the uncertainty that is in the supply of Liquefied Petroleum Gas, which is the cooking gas in most parts in Nigeria, the price of the product has increased even more in certain places. It was noted that the price of 1 kilogramme of cooking gas has been changed to N1,500 as compared to 1,200…
By Ajibola Olarinoye Economist Adetilewa Adebajo isn’t exactly thrilled about how President Bola Tinubu’s government is spending. He basically aired his grievances on Politics Today—that show on Channels TV, the one everyone talks about. Adebajo didn’t sugarcoat it. He admits Tinubu’s team has done a couple of things right, but their spending habits? Not it….
By Ajibola Olarinoye The Central Bank of Nigeria’s bigwigs (the Monetary Policy Committee) got together on Tuesday and decided, “ let’s give the country a little breathing room.” They actually dropped the interest rate from a sky-high 27.5% to a slightly less ridiculous 27%. Yeah, I know, not earth-shattering, but still—baby steps. CBN’s head ,…
The Nigeria’s nominal GDP (that’s just the total value of stuff the country churned out, without fiddling with inflation or anything) hit N100.73 trillion for Q2 of 2025. That’s up from N94.05 trillion last quarter. Not too shabby, right? Real GDP, though, after adjusting for price changes, sat at N51.20 trillion. Now, the National Statistics…
By Ajibola Olarinoye The Centre for the Promotion of Private Enterprise, the CPPE is basically giving a standing ovation to Olayemi Cardoso, the Governor of the Nigeria’s Central Bank, for what they say has been a pretty wild two-year ride. They’re hyped about naira stabilizing (well, sort of), the FX market looking less like the…
Following Oracle’s astonishingly impressive earnings report on Tuesday evening, Ellison’s fortune skyrocketed by an astounding $101 billion, elevating his wealth to $393 billion, thereby eclipsing Musk’s net worth of $385 billion, as reported by Bloomberg. Oracle (ORCL) unveiled an unprecedented surge in demand for its data center capabilities from its AI clientele, which catapulted the…
The Presidential office declared on Wednesday that Nigeria’s fiscal standing has reached unprecedented heights, amassing N20.59 trillion in revenues from January through August 2025. The disclosed statistics indicate that these collections reflect a striking 40.5 per cent surge compared to N14.6 trillion during the equivalent timeframe in 2024, with non-oil revenue sources contributing an astounding…
FG, states, LGs divide N2.001trn July earnings The three tiers of the Nigerian government—federal, state, and local government councils—have allocated a remarkable total of N2.001 trillion, representing the Federation Account Revenue for July 2025. This substantial revenue was distributed during the Federation Account Allocation Committee (FAAC) meeting held in the capital, Abuja, in August 2025….
The Director-General of the World Trade Organization and former Minister of Finance for Nigeria, Ngozi Okonjo-Iweala, has conveyed to President Bola Ahmed Tinubu the subsequent two critical actions he must implement for the nation’s economy. The esteemed economist emphasized that President Tinubu, along with his team, must now endeavor to foster economic growth while establishing…
