Inflation rate slows, first time in 3 yrs, to 18.02% –

Nigeria’s inflation rate eased by 2.1 percentage point to 18.02 percent in September 2025 from 20.12 percent in August 2025. This is the first time in three years that the nation’s inflation rate fell below 20 percent.  The rate also represents the 6th consecutive month decline since April 2025. The National Bureau of Statistics,  NBS, disclosed this Wednesday, in its Consumer Price Index, CPI, and Report for September 2025. Meanwhile, economy experts and analysts have commended the easing, though noted that the consumer purchasing power is still on the decline, and that the rate is still far from the Central Bank of Nigeria, CBN’s long run target of 9 %………..(Read More)

Market value surges to N93.8tn as NGX uptrend persists –

The Nigerian Exchange Limited on Wednesday extended its gaining streak as the equities market added N20bn in value, bringing the total market capitalisation to N93.8tn at the close of trading. The benchmark All-Share Index advanced by 31.24 points, or 0.02 per cent, to settle at 147,742.20 points, reflecting sustained investor interest across key sectors despite a slowdown in market activities. At the close of trading, investors exchanged 388.93 million shares worth N12.36bn in 22,986 deals. This represented a 21 per cent decline in volume, a 29 per cent drop in turnover, and a 10 per cent fall in the number of deals compared with Tuesday’s session………(Read More)

Naira dips third consecutive day to N1,473.29/$ –

The naira dipped for the third consecutive day as it closed trading on Wednesday at N1,473.29/$. From the start of the week, the Nigerian currency had struggled against the American dollar at the official Nigerian Foreign Exchange Market, data from the Central Bank of Nigeria indicated. It started the week at 1,457.51/$, weakened to 1,463.23/$ on Tuesday, and dipped by N10.06, or 0.69 per cent, on Wednesday. At the parallel market, the currency closed trading at 1,500.00/$ on Tuesday, according to CardinalStone. However, on Wednesday, it appreciated to close trading at 1,488/$…..(Read More)

Nigeria’s trade surplus climbed to 6% – Cardoso –

The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, says Nigeria’s trade surplus has climbed to six per cent of the nation’s Gross Domestic Product (GDP). Cardoso said this in a statement by the Director of Information and Public Relations, Federal Ministry of Finance, Mr Mohammed Manga, in Washington on Wednesday. Cardoso, who also led the Nigerian delegation at the annual meetings of the IMF/World Bank Group in Washington, reiterated the government’s commitment to prudent macroeconomic management and reforms………..(Read More)

Upstream Regulator Pursues Initiatives For 2.5m Daily Crude Output Target By 2027 –

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed how it is preparing to achieve the country’s aspiration of producing  2.5 million barrels of oil per day  (bopd) by 2027. Speaking at the 2025 National Association of Energy Correspondents (NAEC) conference in Lagos on Thursday, on the topic, “Nigeria’s Energy Future,” the  commission’s chief executive, Gbenga Komolafe, said the NUPRC was playing a big  role in driving the upstream oil and gas industry’s rebound. According to him, the Commission has prioritised production optimisation and recovery enhancement to achieve expectations………(Read More)

Beijing’s Preemptive Trade Shift Against U.S. –

China has recently announced a series of aggressive tariff and trade measures targeting the United States, spanning sectors such as rare earths, shipbuilding, agriculture, and defense. This marks a clear departure from its previously defensive stance during the U.S.-China trade dispute. The Straits Times, a Singaporean English-language media outlet, noted on the 13th that Beijing’s strategic shift reflects an intentional pursuit of “restoring balance through calculated conflict.” It described the measures not as emotional responses but as meticulously planned attacks aimed at altering the “rules of the game”….(Read More)