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Business and Economy

Nigeria’s Largest Economic Sectors in Q1 2025

Nigeria’s economic landscape continues to shift, with a rebased Gross Domestic Product (GDP) now benchmarked to 2019 instead of 2010. This adjustment offers a...

Nigeria’s Consumption Crisis: What’s Behind the Collapse in Household Spending and How to Reverse It

Household spending in Nigeria has taken a nosedive—and it's happening faster than most realize. According to the latest “Nigerian Gross Domestic Product Report (Expenditure and...

Dangote: Refinery Imports 10 Million Barrels Monthly from US, Others Due to High Costs and Supply Challenges

President/CEO of Dangote Industries Limited, Aliko Dangote, has disclosed that the Dangote Petroleum Refinery imports around 9–10 million barrels of crude oil every month...

Senate Approves Tinubu’s $21bn Foreign Loan for 2025–2026 Budget Implementation

The Senate on Tuesday gave its approval to President Bola Tinubu’s external borrowing plan totaling over $21 billion, a move designed to support the...

CBN Holds Benchmark Interest Rate at 27.5% for Seventh Consecutive Time

The Central Bank of Nigeria (CBN) has maintained the Monetary Policy Rate (MPR) at 27.5%, marking the seventh consecutive time it has held the...

SGF to NCDC: Work as a Team for Spectacular Results

By Francis Wilfred The Secretary to the Government of the Federation (SGF), Senator George Akume, CON, has urged the management team of the North-Central Development...

BREAKING: Nigeria’s Economy Expands by 3.46% in Q1 2025 – NBS

Nigeria’s Gross Domestic Product (GDP) grew by 3.46% in real terms year-on-year in the first quarter of 2025, according to data released by the...

Nigeria’s Public Debt Projected to Hit ₦160.6 Trillion by December Amid Rising Borrowing – Report

Nigeria’s total public debt could surge to ₦160.6 trillion by the end of 2025, as the Federal Government intensifies borrowing to bridge widening fiscal...

BIPC GMD: We’re Diversifying Benue’s Economy Through Macro Businesses

By Isaac Kertyo, Makurdi The Group Managing Director (GMD) of the Benue Investment and Property Company (BIPC), Mr. Raymond Asemakaha, says the company under his...

Kaduna: Five Small Tomatoes Now N500, As Prices of Onions, Peppers Soar

By Achadu Gabriel, Kaduna Despite a recent drop in fuel prices, residents in parts of Kaduna metropolis continue to face severe daily price hikes in...

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