The National Bureau of Statistics (NBS) has reported that Nigeria’s headline inflation rate decreased to 16.05% in October 2025. This figure marks the seventh consecutive month of falling inflation. According to the NBS’s Consumer Price Index (CPI) report released in Abuja on Monday, on a year‑on‑year basis, the rate “was 17.82 % lower than the rate recorded in October 2024 (33.88 %).” The agency explained: “This shows that the Headline inflation rate (year‑on‑year basis) decreased in October 2025 compared...

China is ready to establish electric vehicle factories in Nigeria, in a bid to strengthen business partnership between both countries. The Chinese Ambassador to Nigeria who stated this, also harped on the imperative of enhanced collaboration between China and Nigeria in unlocking the potential of Nigeria’s Solid Minerals sector through the establishment of electric vehicle factories in Nigeria. Speaking while paying a courtesy visit to the Minister of Solid Minerals Development, Dr. Dele Alake in his...

The Federal Government has said that the economy is witnessing significant turnaround, garnering investors’ confidence, and a renewed focus on national priorities. The Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, noted that the turnaround is driven by bold reforms, improved coordination, and a renewed focus on national priorities. In a feature interview for an upcoming TV documentary marking President Bola Ahmed Tinubu’s second anniversary, the Minister declared that the government’s “Renewed Hope...