Stable naira, harvest season to ease inflation – Analysts –

Analysts have projected a sustained deceleration in Nigeria’s inflation in the near term on the back of the ongoing harvest season, exchange rate stability, softer energy prices, and the base effect. The projections followed the release of the July 2025 Consumer Price Index, which saw the decline in inflation extended to the fourth month. According to the National Bureau of Statistics, the headline inflation rate slid to 21.88 from 22.22 per cent in June. On a month-on-month basis, the headline inflation rate in July 2025 was 1.99 per cent, which was 0.31 per cent higher than the rate recorded in June 2025 (1.68 per cent)…..(Read More)

 Nigeria sustains oil production above OPEC quota –

Nigeria’s average daily crude production rose to 1,507,000 barrels per day in July, according to a report by the Organization of the Petroleum Exporting Countries. This is a 7,000-barrel-per-day increase above the quota approved for Nigeria by OPEC. The latest oil output figures indicate that the country has sustained its crude production above the OPEC quota for the second consecutive month. According to the OPEC Monthly Oil Market Report for July, crude output increased marginally by 2,000 bpd, from 1.505 mbpd in June to 1.507 mbpd in the following month…………(Read More)

Foreign investment in manufacturing dips as binding constraints persist –

The binding constraints bedeviling Nigeria’s manufacturing sector seem to have dampened foreign investors’ interest as foreign direct investment (FDI) in the sector declined by 32.3 percent to $129.92 million in the first quarter of 2025 (Q1’25), compared to $191.92 million recorded in the corresponding period of 2024 (Q1’24). The Q1’25 manufacturing FDI figure represents a mere 2.3 percent of the total capital importation in the period under review.  Total capital importation in Q1’25 amounted to $5.64 billion indicating a significant 67.12% increase compared to $3.38 billion in Q1’24; and an increase of 10.86 percent compared to $5.09 billion in Q4’24…..(Read More) 

NAICOM Sets July 2026 Deadline for New Insurance Capital Requirements –

The National Insurance Commission (NAICOM) has granted insurers and reinsurers a 12-month window to meet the new Minimum Capital Requirements (MCR) introduced under the Nigeria Insurance Industry Reform Act (NIIRA) 2025. According to a circular issued by the Commission, all operators must comply with the revised MCR and applicable Risk-Based Capital (RBC) framework on or before July 30, 2026.The recapitalization exercise officially commenced on July 31, 2025, following the assent of President Bola Tinubu to the NIIRA 2025, which prescribes higher capital thresholds of N10 billion, N15 billion, N25 billion, and N35 billion for life, non-life, composite, and reinsurance companies, respectively.…..(Read More)

Oil prices climb after US adviser says India’s Russian crude buying has to stop –

Oil prices rose on Monday after White House trade adviser Peter Navarro said India’s purchases of Russian crude were funding Moscow’s war in Ukraine and had to stop. Brent crude futures rose 30 cents, or 0.46%, to $66.15 a barrel by 0629 GMT while U.S. West Texas Intermediate crude was at $63.19 a barrel, up 39 cents, or 0.62%.Navarro said in an opinion piece published in the Financial Times that if India wants to be treated as a strategic partner of the United States, it needs to start acting like one………(Read More)

Fed’s Daly: Two rate cuts, more or less, appropriate this year –

San Francisco Federal Reserve Bank President Mary Daly, in an interview following economic reports showing stronger-than-expected retail sales and an unexpected jump in wholesale prices last month, signaled that she is still on board for beginning to ease policy as soon as next month. A softening labor market, an economy that’s slowing but not slow, as weighed against inflation that is still above the Fed’s goal “would warrant a couple of cuts sometime this year,” Daly told Fox Business’ Maria Bartiromo in the interview, which aired late on Friday. “Of course, we will wait to see the data and maybe it’ll be fewer, maybe it’ll be more, but ultimately, I think two remains a good projection…….(Read More)