•Households expect prices to increase coming months •73% rural residents say inflation rate is high  By Elizabeth Adegbesan  Businesses and house holds have highlighted high interest rates, multiple taxes and poor infrastructure as top three business constraints in September, even as they expressed optimism about the macroeconomy in the coming months. In its Business Expectation […]

…19.7% year-on-year increase •70% manufacturing inputs imported – RMRDC  •Structural weakness compels manufacturers to import – MAN  •It’s failure of import substitution policy – LCCI  •Why import substitution is important – CPPE By Yinka Kolawole Contrary to plans and expectations, Nigeria’s manufacturing sector is increasingly depending on imported raw materials for survival, a development which has undermined […]

By Peter Egwuatu   The Nigerian stock market extended its bullish run last week, following the reduction in inflation rate and further expectation of a cut in the Monetary Policy Rate, MPR by the Central Bank of Nigeria, CBN. The Inflation rate for September 2025 dropped to 18.02% from 22.12% in August, according to the National […]

The House of Representatives has called on the Federal Government to allocate N350 million in the 2026 budget to revive moribund industries and support small and medium-sized enterprises (SMEs) across Nigeria. The resolution followed the adoption of a motion moved by Hon. Akarachi Amadi, who represents the Mbaitoli/Ikeduru Federal Constituency of Imo State. Amadi noted that […]

•Makes case for effective implementation of ‘Nigeria First’ •Cites examples of US, China, India  •Says textile industry decline underscores need to prioritise local manufacturing Stories by Yinka Kolawole President of the Dangote Group, Aliko Dangote, has declared that every Naira invested in local manufacturing circulates up to 200 percent within the economy. Dangote stated this at the […]

Legal luminary and founder of Afe Babalola University, Ado-Ekiti (ABUAD), Aare Afe Babalola, has expressed deep concern over Nigeria’s growing debt burden, warning that the country’s economic reputation is deteriorating and discouraging foreign investment.

Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reaffirmed the Federal Government’s commitment to sustaining ongoing economic reforms, stressing that Nigeria will not allow “reform fatigue” to derail the progress already achieved in stabilising the economy.

The International Monetary Fund (IMF) has urged Nigeria to deepen its ongoing macroeconomic and fiscal reforms, stressing that stronger domestic revenue mobilisation and transparent debt management are critical to sustaining growth and protecting vulnerable populations amid tightening global financial conditions.

By Udeme Akpan, Energy Editor The Dangote Petroleum Refinery yesterday resumed full operations while raising the gantry price of Premium Motor Spirit, PMS, also known as petrol by seven per cent to N877 per liter from N820 per litre. Checks by Vanguard indicated that oil marketers buying two million litres and above would benefit from the […]

By Emeka Anaeto, Business Editor, Babajide Komolafe, & Emma Ujah,  The Central Bank of Nigeria, CBN, and the Bank of Angola, yesterday, signed a Memorandum of Understanding, MoU, aimed at fostering closer bilateral relations and enhancing capacity in central banking operations. The signing ceremony, attended by senior officials and distinguished guests, saw the Governor of the […]