By Babajide Komolafe Group Chief Economist at Afreximbank, Dr Yemi Kale, has warned that Nigeria’s emerging macroeconomic stability could be short-lived without sustained policy discipline, stressing that credibility remains critical to attracting long-term capital and shielding the economy from external shocks. Speaking at the FirstBank 2026 Nigerian Economic Outlook session, Kale said recent improvements in inflation […]

By Udeme Akpan, Energy Editor Nigeria’s average oil output, including condensate, increased year-on-year to 1.652 million barrels per day in the first 11 months of 2025, from 1.544 million bpd in the corresponding period of 2024, indicating a 7 percent increase. Despite this, Nigeria did not meet its 2025 budget target of 2.06 million bpd during […]

By Obas Esiedesa, Abuja The Nigerian Electricity Regulatory Commission (NERC) has disclosed that 5.36 million electricity customers nationwide remain without meters, leaving them exposed to the unpredictable estimated billing methods by distribution companies (DisCos). According to the Commission’s third-quarter 2025 industry report published on its website, as of 30 September 2025, only 6.662 million   of the 12.030 […]

Barely days after terrorists killed over 40 persons in Niger State last weekend, the marauders have again struck in Kwara, Katsina and Kaduna, kidnapping several victims, including a photo journalists.

By Elizabeth Adegbesan The Naira yesterday appreciated to N1,470 per dollar in the parallel market from N1,475 per dollar on Monday. Similarly, the naira appreciated to N1,416 per dollar in the Nigerian Foreign Exchange Market, NFEM. Data from the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira fell to N1,416 […]