By Babajide Komolafe Banks have recorded an increase in loan defaults by households and corporates  in the fourth quarter of 2025, reflecting growing repayment pressures on consumers and businesses. “The Central Bank of Nigeria’s (CBN) disclosed this in its Credit Conditions Survey (CCS) Report for Q4 2025, which revealed that lenders experienced higher default rates on […]

By Udeme Akpan, Energy Editor The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the oil and gas industry regulator, said Nigeria’s oil output, including condensate, dropped significantly by 8.3 percent year-on-year (YoY) to 1.544 million bpd in December 2025 from 1.684 million recorded in the corresponding period of 2024. The Commission did not provide reasons in its […]

Another headline features the International Monetary Fund (IMF) revising Nigeria’s 2026 economic growth forecast upward to 4.4 per cent, attributing the improvement to stronger macroeconomic conditions and sustained reform momentum.

In the Nigerian Foreign Exchange Market (NFEM), the Naira opened the trading day at approximately 1,419.37 per dollar.

•Urges FG to rebuild fiscal buffers By Babajide Komolafe, Economy Editor The International Monetary Fund (IMF) has upgraded its growth forecast for Nigeria to 4.4 per cent in 2026, citing improved macroeconomic conditions and reform momentum. The Fund disclosed this in its January 2026 World Economic Outlook (WEO) Update, titled, “Global Economy: Steady amid Divergent […]