By Milcah Tanimu
- 2025 Budget Presentation
President Bola Tinubu will present Nigeria’s N47.9 trillion 2025 budget to the National Assembly on December 17. Key projections include a $75 oil benchmark, 2.06 million bpd production, and a GDP growth target of 6.4%. - November Inflation Report
The National Bureau of Statistics (NBS) will release the November consumer price index (CPI) and inflation report. October’s inflation rate was 33.8%. - Oil Production Milestones
Nigeria retained its position as Africa’s largest oil producer in November, with output rising to 1.48 million bpd, surpassing Algeria and Congo. - CBN Warnings and Updates
- Banks face N150 million fines for supplying mint naira notes to hawkers.
- Old and redesigned naira notes remain valid indefinitely, as confirmed by the Supreme Court.
- Energy and Power Updates
- Vice-President Kashim Shettima inaugurated a $315 million FPSO vessel, enhancing Nigeria’s oil storage and production.
- Nigeria plans to add 150 MW of electricity to the national grid before year-end, following progress in the Presidential Power Initiative.
Stay updated on these developments shaping Nigeria’s business landscape.
