Food Crisis: Cost of healthy diet rises further — NBS Report
By Elizabeth Adegbesan Despite the moderation in inflation rate reported by the National Bureau of Statistics, NBS, the financial burden of feeding on Nigerian households may have intensified as the national average Cost of a Healthy Diet (CoHD) climbed to N1,541 per adult per in March 2026, about 4.4 per cent up from N1,477 in March […]
IFAD to boost discussions at 2026 Vanguard Economic Discourse
By Emeka Anaeto, Business Editor World’s leading agricultural sector funding agency, the International Fund for Agriculture Development (IFAD) , an arm of the United Nations, is set to boost discussions on Nigeria’s agric and food sector at the upcoming 2026 Vanguard Economic Discourse. The 2026 edition of the Vanguard Economic Discourse is scheduled to hold next […]
Nigeria’s inflation rate rise to 15.38% after 11 months decline
•As CPPE cautions against monetary policy tightening By Yinka Kolawole & Elizabeth Adegbesan The National Bureau of Statistics, NBS, yesterday, said the country’s headline inflation rate recorded the first increase in 12 months to 15.38 percent in March 2026 from 15.06 percent in February 2026. This indicates a halt in the downward trend recorded in the past […]
Naira rises to N1,393/$ in parallel market
The Naira on yesterday appreciated to N1,393 per dollar in the parallel market from N1,403 per dollar on Tuesday.
Inflation rate rises to 15.38% in March — NBS
The NBS said the increase reflects renewed pressure on consumer prices, with the month-on-month inflation rate jumping sharply to 4.18 per cent in March from 2.01 per cent in February, indicating a faster pace of price increases across the economy.
Global Shocks: Edun warns against subsidy return, seeks cheaper financing
•Says high borrowing costs choking developing economies •Urges Central Banks to balance monetary policy •Says Developing countries pay more in debt than they receive By Babajide Komolafe, Economy Editor Minister of Finance and Coordinating Minister of the Economy, Mr. Olawale Edun has warned against a return to subsidy regimes despite mounting global shocks, as he raised […]
MIDDLE EAST CRISIS: IMF cuts growth forecast for Nigeria’s economy to 4.1%
•Cites, higher fuel, fertiliser prices, increased shipping costs By Babajide Komolafe, Economy Editor The International Monetary Fund (IMF) has lowered its growth forecast for Nigeria’s economic growth to 4.1 percent in 2026, citing higher fuel, fertilizer prices and increased shipping costs triggered by the impact of the ongoing Middle East crisis. The latest forecast for Nigeria […]
FG incurs N418bn power subsidy
By Mather Godwin The Federal Government incurred a subsidy obligation of N418.79 billion in the fourth quarter of 2025, Q4’25 according to data from the Nigerian Electricity Regulatory Commission, NERC). The electricity market regulator in its Q4’25 Quarterly report, noted that total amount invoiced by the GenCos for energy delivered to each DisCo and the Differential […]
Nigeria misses OPEC quota, produces 1.38m bpd
By Udeme Akpan, Energy Editor The Organization of the Petroleum Exporting Countries (OPEC) has disclosed that Nigeria’s crude oil output, excluding condensate, rose to 1.38 million barrels per day (bpd) in March 2026, up from 1.31 million bpd recorded in February. In its March 2026 Monthly Oil Market Report (MOMR), OPEC stated that the figures were […]
Daily petrol imports rise 96.6% to 5.9m litres — NMDPRA
By Obas Esiedesa Importation of premium motor spirit (PMS), also known as petrol, by oil marketers rose by 96.6 per cent in March 2026 to 5.9 million litres per day, up from 3.0 million litres in February, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). However, the Authority, in its monthly fact sheet […]
Livestock minister to co-chair Vanguard Economic Discourse
In the run-up to the 2026 edition of the Vanguard Economic Discourse, the Minister of Livestock Development, Idi Mukhtar Maiha, has been named co-chair of the event. The discourse is scheduled to hold on Wednesday, April 22, 2026, at the Civic Centre, Victoria Island, Lagos, from 9 a.m. With the theme, “Food Security and Socio-economic […]
Customs pledges transparency, innovative technologies
•Begins AI-driven training on revenue, others By Providence Ayanfeoluwa The Nigeria Customs service, NCS has commenced a capacity-building programme on Artificial Intelligence, AI-driven revenue generation, remittances and reconciliation as part of efforts to enhance transparency and efficiency in public financial management. Speaking at the event held in Abuja, Comptroller-General of Customs, Adewale Adeniyi, said the Service […]
Insurance industry records 47.3% growth in premium to N2.3trn
By Rosemary Iwunze The insurance industry recorded a 47.3 per cent, Year-on-Year, YoY, growth in Gross Premium Written, GPW, to N2.301 trillion in 2025 from N1.558 trillion recorded in 2024. According to the insurance industry report released by the The National Insurance Commission, NAICOM, disclosed this in its insurance industry report released yesterday. The report also showed […]
FCMB taps cultural economy to drive inclusion at 2026 Ibadan festival
First City Monument Bank (FCMB) is positioning culture as an economic engine, leveraging platforms such as the Ibadan Cultural Festival to support small businesses, deepen inclusion, and connect local enterprises to broader markets. As a lead partner in the festival organised by the Central Council of Ibadan Indigenes (CCII), the Bank said cultural gatherings are […]
US–Iran tensions: Crude oil rebounds above $100 per barrel
Crude oil prices had dropped to $90 per barrel from $100 last week, as market watchers anticipated that the talks would culminate in an agreement in Islamabad, Pakistan’s capital.
Nigeria misses OPEC quota, produces 1.38m bpd in March
In its March 2026 Monthly Oil Market Report (MOMR), OPEC stated that the figures were based on data obtained through direct communication with Nigerian authorities.
