OPEC+ Raises July Oil Production Quotas as Supply Strategy Shifts
The OPEC+ alliance has agreed to increase oil production quotas for July, extending its gradual supply expansion strategy as the ...
Tag: Inflation
Jumia CEO Says Nigeria’s Economic Reforms Are Creating a Stronger Environment for Business Growth
Nigeria’s ongoing economic reforms are beginning to create a more stable environment for businesses, according to the Chief Executive Officer ...
Nigeria’s Investment Funds Hit N10 Trillion, But Inflation Raises Questions About Real Growth
Nigeria’s collective investment schemes (CIS) have recorded significant growth, with total assets under management (AUM) rising from N3.2 trillion to ...
Petrol Price Soars by Over 640% in Three Years as Nigerians Face Rising Cost of Living
Nigeria’s petrol price has witnessed a dramatic increase over the past three years, climbing from about N175 per litre in ...
Stanbic IBTC PMI Shows Broad‑Based Expansion Across Agriculture, Manufacturing, and Services
Nigeria's non-oil private sector recorded its strongest expansion in nine months during May, as improving customer demand and a surge ...
Fuel Price Surge Pushes Up Business Costs as Nigeria’s Private Sector Records Strong Growth
Nigeria’s private sector recorded stronger growth in May 2026, but rising fuel prices continued to place pressure on businesses across ...
Nigeria’s Food Import Bill Hits $2.34 Billion in 2025, CBN Reports
Nigeria spent approximately $2.34 billion on food imports in 2025, highlighting the country's continued reliance on foreign supplies despite years ...
Tinubu: Fuel Subsidy Removal Saved Nigeria From Financial Crisis
President Bola Tinubu has stated that the removal of fuel subsidy by his administration helped prevent Nigeria from falling into ...
AfDB Predicts Slower Economic Growth for Nigeria by 2027
Nigeria’s economy is expected to experience slower growth in 2027 as falling global oil prices may reduce the country’s revenue ...
Tinubu Says Tough Economic Reforms Have Prevented Nigeria’s Collapse
President Bola Ahmed Tinubu has defended the economic reforms introduced by his administration, saying the difficult decisions taken over the ...
