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 […]
NGX, BoI set to deepen SME financing drive
By Peter Egwuatu Nigerian Exchange Limited (NGX) and Bank of Industry (BoI) have reinforced efforts to integrate Small and Medium-sized enterprises (SMEs) into Nigeria’s formal capital market as part of a broader national engagement drive at a workshop held in Kano yesterday. This follows the inaugural edition held in Lagos last year, signalling a more structured […]
NDIC commences process to conclude the liquidation of 89 MFBs, PMB
By Babajide Komolafe The Nigeria Deposit Insurance Corporation, NDIC, has commenced moves to formally conclude the liquidation of 89 defunct Microfinance Banks, MFBs, and Primary Mortgage Banks, PMBs, whose operations were successfully transferred to new owners under its Purchase and Assumption, P&A, framework. In a statement signed by its Head of Communication and Public Affairs, Hawwau […]
Nigeria’s daily oil production rises 4.2% to 1.54mbpd — NUPRC
By Obas Esiedesa The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday said that Nigeria’s oil production rose by 4.2 per cent to 1.546 million barrels per day (mbpd) in March 2026, compared to 1.483 mbpd recorded in February. In its oil production status report released yesterday, the Commission said crude oil production (excluding condensate) increased by […]
Middle East Crisis: IMF plans $50bn lifeline for Nigeria, others
*Urges prudent use of oil windfall to rebuild buffers By Babajide Komolafe, Economy Editor The International Monetary Fund, IMF, has indicated plans to provide up to $50 billion in financial support to Nigeria and other countries affected by the biting impact of the ongoing Middle East crisis. Managing Director of the IMF, Kristalina Georgieva, disclosed this […]
Nigeria’s public debt up 10% to N159trn in 2025—DMO
By Yinka Kolawole Nigeria’s total public debt for federal and state governments rose by 10 percent, year-on-year, YoY to N159.27 trillion at the end of the fourth quarter of 2025 (Q4’25) compared to the N144.67 trillion recorded at the end of Q4’24, the Debt Management Office (DMO) has reported. According to DMO, the figure represents […]
IFAD to boost discussions at 2026 Vanguard Economic Discourse
By Emeka Anaeto, Business Editor World’s leading agricultural sector funding agency, the International Fund for Agriculture Development (IFAD) , an arm of the United Nations, is set to boost discussions on Nigeria’s agric and food sector at the upcoming 2026 Vanguard Economic Discourse. The 2026 edition of the Vanguard Economic Discourse is scheduled to hold next […]
Nigeria’s inflation rate rise to 15.38% after 11 months decline
•As CPPE cautions against monetary policy tightening By Yinka Kolawole & Elizabeth Adegbesan The National Bureau of Statistics, NBS, yesterday, said the country’s headline inflation rate recorded the first increase in 12 months to 15.38 percent in March 2026 from 15.06 percent in February 2026. This indicates a halt in the downward trend recorded in the past […]
Naira rises to N1,393/$ 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 […]
