Falling inflation fuels hopes for monetary policy easing –

Analysts have projected that the Monetary Policy Committee of the Central Bank of Nigeria would be considering a 50-75 bps rate cut as they begin their meeting on Monday (today). The anticipated rate cut is driven by the steady decline in headline inflation, which, according to the National Bureau of Statistics reports, fell to 20.12 per cent in August 2025, from 21.88 per cent in July, while food inflation also eased year-on-year. This trend strengthens expectations for rate cuts. This decline marked the fifth month of deceleration of inflation, thus drawing optimism that the MPC would give thought to cutting the rate………(Read More)

Union-imposed truck charges cause fuel price hikes – Dangote –

Africa’s richest man and the President of Dangote Group, Aliko Dangote, has accused the Nigerian Union of Petroleum and Natural Gas Workers of collecting as much as N50,000 on every truck that loads fuel at the refinery, warning that such charges ultimately push up fuel pump prices and burden consumers. While NUPENG neither confirmed nor denied the allegation, industry experts on Sunday wondered how the oil union became a tax collector, stressing that such actions would definitely raise the pump prices of refined petroleum products……….(Read More)

External reserves hit $42bn amidst rise in hydrocarbon revenue –

Nigeria’s gross external reserves hit $42 billion last week, the highest level seen since September 2019 with analysts attributing the boost to inflows across different sources. In September, total inflows into external reserves reached $692.28 million, according to data from the Central Bank of Nigeria (CBN). Hydrocarbon export revenue contributed to reserves accretion with analysts saying the positive trend would continue for a while and contribute to boosting investors’ confidence……..(Read More)

Crude supply to domestic refineries hit 67.6m barrels – FG –

The Federal Government has disclosed that a total of 67,657,559 barrels of crude oil were supplied to local refiners for processing between January and August 2025. This figure, confirmed by the Nigerian Upstream Petroleum Regulatory Commission, highlights ongoing challenges in bridging the crude allocation gap facing indigenous refineries despite Nigeria’s rising production levels. Speaking in Abuja on Sunday, the Head of Media and Strategic Communications at the NUPRC, Eniola Akinkuotu, said the crude allocation was made in line with the Petroleum Industry Act 2021 and the Domestic Crude Supply Obligation policy………..(Read More)

Crude oil production drops to 1.43 million barrels in August –

Nigeria’s crude oil production dropped to A  1.43 million barrels per day in the month of August, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has stated. In a statement,  the regulatory agency for the upstream petroleum sector said daily condensate production in August stood at 197,229 bpd, all amounting to 1.63 million barrels. It states that crude oil figure means the country achieved 96% of its 1.5 million bpd OPEC quota…….(Read More)

Indian IT stocks crash as Trump’s $100K H-1B visa fee sparks market turmoil –

Indian IT stocks slumped on Monday after US President Donald Trump announced an overhaul of the H-1B visa programme, imposing a hefty $100,000 fee on new applications. The surprise move threatens to upend the long-standing outsourcing model that Indian IT majors rely on to serve their biggest market. Shares of Tata Consultancy Services, Infosys, and Tech Mahindra led sharp declines, as investors worried about rising operational costs and shrinking margins. The selloff underscored how vulnerable India’s export-driven IT sector remains to regulatory shocks from Washington, even as firms have tried to reduce their reliance on the controversial visa route over recent years…………(Read More)