Inflation Rate Drops to 14.45% as Food Prices Fall

EconomyNewsNigeriaInflation Rate Drops to 14.45% as Food Prices Fall

By Ezinwanne Onwuka (Senior Reporter)December 15, 2025

Nigeria’s headline inflation rate continued its sustained decline in November 2025, dropping to 14.45 per cent, the National Bureau of Statistics (NBS) has said, marking the eighth consecutive monthly reduction in consumer price pressures. In its latest Consumer Price Index (CPI) report, released on Monday, the NBS stated that the November figure was lower than the 16.05 percent recorded in October 2025. “This shows that the headline inflation rate on a year-on-year basis decreased in...

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Oluremi Tinubu Empowers 250 PWDs In Ekiti With N200,000 Each

EconomyNewsNigeriaOluremi Tinubu Empowers 250 PWDs In Ekiti With N200,000 Each

Uzoamaka Ikezue (Staff Reporter)December 4, 2025

…Launches Renewed Hope Initiative For Less Privileged The First Lady of Nigeria and National Chairman of Renewed Hope Initiative (RHI), Senator Oluremi Tinubu, on Wednesday, empowered 250 Persons With Disabilities (PWDs) in Ekiti State with a N50,000,000 grant to boost their economic independence and improve their livelihoods. Each of the PWDs was presented with N200,000 in cash at the event, held at the Lady Jibowu Hall, Government House, Ado-Ekiti. Speaking at the event, Senator Oluremi...

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Nigeria’s FX Reserves Hit $46bn, Highest Level Since 2018 — CBN

BusinessNewsNigeriaNigeria’s FX Reserves Hit $46bn, Highest Level Since 2018 — CBN

By Ezinwanne Onwuka (Senior Reporter)November 18, 2025

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has declared that the country’s foreign-exchange (FX) reserves have risen to over US$46 billion. Speaking at the opening of a colloquium to mark the 20th anniversary of the CBN’s Monetary Policy Department, Cardoso, represented by Deputy Governor Muhammad Abdullahi (Economic Policy Directorate), said the reserves level was the highest the country has recorded since 2018. He added that this amount could now cover more...

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Nigeria’s Inflation Rate Falls to 16.05 % in October — NBS

EconomyNewsNigeriaNigeria’s Inflation Rate Falls to 16.05 % in October — NBS

By Ezinwanne Onwuka (Senior Reporter)November 17, 2025

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...

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IMF Excludes Nigeria from List of Africa’s Fastest-Growing Economies

EconomyNewsNigeriaIMF Excludes Nigeria from List of Africa’s Fastest-Growing Economies

By Ezinwanne Onwuka (Senior Reporter)October 18, 2025

Nigeria has been omitted from the International Monetary Fund’s list of Africa’s fastest-growing economies, according to the latest Regional Economic Outlook: Sub-Saharan Africa launched during the IMF/World Bank annual meetings in Washington, D.C. In the release, the IMF named Benin, Côte d’Ivoire, Ethiopia, Rwanda and Uganda as the continent’s most rapidly expanding economies. The report states that the region has shown resilience to “a series of major shocks over the past several years,” and that...

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Nigeria, Austria Deepen Bilateral Economic Relations

NewsNigeriaPoliticsNigeria, Austria Deepen Bilateral Economic Relations

Uzoamaka Ikezue (Staff Reporter)October 16, 2025

Nigeria and Austria have committed to strengthening their bilateral economic relations, this is following high-level meetings between a delegation led by Minister of Budget and Economic Planning, Senator Abubakar Bagudu, and senior Austrian government officials. “With President Bola Tinubu’s bold reforms opening up the Nigerian economy for foreign and domestic investments, we are committed to long-term, strategic partnerships that create jobs, generate income, and promote prosperity,” Bagudu told Austria’s Vice Minister of Finance, Mag. Andreas...

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World Bank says Tinubu’s Reforms Stabilise Economy, Worsen Hardship

BusinessNewsNigeriaWorld Bank says Tinubu’s Reforms Stabilise Economy, Worsen Hardship

By Ezinwanne Onwuka (Senior Reporter)October 8, 2025

Economic reforms implemented in recent years have prevented Nigeria from plunging into a fiscal crisis and helped stabilise macroeconomic conditions, but they have also placed severe strain on ordinary citizens, with the number of poor Nigerians rising by an additional 58 million over six years, the World Bank has said. In its latest Nigeria Development Update (NDU), published in May 2025, the Bank cautioned that the gains from subsidy removal, foreign-exchange liberalisation and tax reform...

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FG Gazettes Landmark Tax Reform Laws Ahead of 2026 Take-Off

BusinessNewsNigeriaFG Gazettes Landmark Tax Reform Laws Ahead of 2026 Take-Off

By Ezinwanne Onwuka (Senior Reporter)September 9, 2025

The Federal Government has formally gazetted Nigeria’s new tax reform laws. Implementation is scheduled to commence on 1 January 2026. The reforms consist of four interlinked statutes: the Nigeria Tax Act, 2025 (NTA); the Nigeria Tax Administration Act, 2025 (NTAA); the Nigeria Revenue Service (Establishment) Act, 2025 (NRSEA); and the Joint Revenue Board (Establishment) Act, 2025 (JRBEA). This was announced by Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, via a...

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Tinubu Hosts NGX Board, Securities and Exchange Commission DG In Brazil

BusinessNewsNigeriaTinubu Hosts NGX Board, Securities and Exchange Commission DG In Brazil

Uzoamaka Ikezue (Staff Reporter)August 28, 2025

…Lauds Nigeria Capital Market Growth President Bola Tinubu hosted the Director-General of the Securities and Exchange Commission (SEC) and the Board of Directors of Nigerian Exchange Group Plc (NGX) during his state visit to Brazil. He also hailed Nigeria’s capital market’s remarkable growth since he assumed office over two years ago. According to him, the phenomenal rise in market capitalisation and increased trading activity has broadened investment opportunities for Nigerians and international investors. In a...

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Adamawa Gov’t Approves N22.8 Billion Budget Adjustment

BusinessNewsNigeriaAdamawa Gov’t Approves N22.8 Billion Budget Adjustment

Hassan Umar Shallpella (Regional Correspondent)July 24, 2025

The Adamawa State Executive Council has approved a budget reallocation of N22.8 billion within the existing 2025 budget of N486.2 billion. Mr. Emmanuel Pridimso, Commissioner for Budget and Planning, disclosed this to newsmen after the Council meeting chaired by Governor Ahmadu Umaru Fintiri at the Government House in Yola on Wednesday. According to him, many ministries had already exhausted their operational funds due to rising costs. “We are seeing increased prices in nearly all sectors,...

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