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DEBY @DEBY added blog in Business & Economy
2025-09-22 18:03:27

Nigeria’s Economy Grows 4.23% in Q2 2025, Driven by Oil and Industry – NBS

Nigeria’s Gross Domestic Product (GDP) grew by 4.23% year-on-year in the second quarter of 2025, according to the National Bureau of Statistics (NBS) — a notable improvement from the 3.48% recorded in Q2 2024. The growth reflects continued recovery and resilience across key sectors of the economy. Key Highlights: Oil Sector: Real GDP growth surged to 20.46%, up from...

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Adewale @Adewale added blog in Business & Economy
2025-09-25 06:21:19

Markets Pause Ahead of US Inflation and Jobs Data

Global stocks traded narrowly on Thursday as investors paused after months of record gains, awaiting key U.S. inflation and jobs data for direction. Markets have rallied since Donald Trump’s April tariff shock, supported by trade deals and expectations of Federal Reserve rate cuts. The Fed has already lowered rates and signaled more easing this year, though Chair Jerome Powell warned...

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Akanni @Akanni added blog in News
2025-12-04 10:24:51

Nigeria’s Q3 2025 GDP Shows Steady Recovery Despite Cost-of-Living Crisis — CPPE

The Centre for the Promotion of Private Enterprise (CPPE) says Nigeria’s 3.98% GDP growth in Q3 2025 demonstrates a steady economic recovery driven by FX stability, moderating inflation, and rising investor confidence. Despite these gains, the centre warns that economic reforms continue to strain households, with cost-of-living pressures remaining a major concern. The non-oil sector...

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Isaac @Isaac added blog in Politics
2025-06-28 15:55:18

Over 100,000 Nigerians Benefit From Credit Scheme as Tinubu Highlights $52 Billion Support from Afreximbank

President Bola Tinubu announced that over 100,000 Nigerians have accessed the national consumer credit scheme, with an additional 400,000 set to benefit soon. Speaking at the 32nd Annual Meetings of Afreximbank in Abuja, Tinubu highlighted major strides in economic reform, infrastructure, healthcare, education, and digital inclusion. He also honoured Afreximbank President Prof. Benedict Oramah...

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Demmy @Demmy added blog in Politics
2025-09-23 16:52:57

UNGA 80: Tinubu Calls for African Investment in Minerals, Stronger Global Role

President Bola Tinubu has urged African nations to take control of their mineral resources and strengthen their role in global supply chains, warning that sovereignty cannot be safeguarded without financial and industrial independence. Speaking through Vice President Kashim Shettima at the Second Africa Minerals Strategy Group (AMSG) High-Level Roundtable on Critical Minerals Development in...

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SADIQ @SADIQ added blog in News
2025-09-23 16:24:21

UPDATED: CBN Cuts Interest Rate By 50 Basis Points To 27%

The Central Bank of Nigeria (CBN) has reduced its Monetary Policy Rate (MPR) by 50 basis points, lowering it from 27.5% in July to 27%. The decision was reached at the 302nd meeting of the Monetary Policy Committee (MPC), held on September 22–23, 2025, where all 12 members voted in favour of the cut. The asymmetric corridor around the MPR was retained at +260 and -250 basis points,...

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