Economy
US Private Sector Activity Strengthens in May; Euro Area Inflation Eases Below ECB Target
According to S&P Global, the United States (US) composite Purchasing Managers’ Index (PMI) rose to 53.0 points in May from...
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Internet Subscribers Hit 141.9 Million as GSM Dominates Connectivity
The number of active internet subscribers in Nigeria reached an impressive 141,985,207 as of April 2025, according to the latest...
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Foreign Affairs Minister Urges Stronger Private Sector Role in West Africa’s Economic Future
Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Tuggar, has emphasized the urgent need for greater collaboration between West African governments...
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Energy cost causes Inflation in Nigeria, Says CBN Survey
A new report from the Central Bank of Nigeria (CBN) has revealed that a staggering 90.8% of Nigerian firms consider...
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PCNGI Attracts $500m Investment, Converts 100,000 Vehicles in First Year
The Presidential Compressed Natural Gas Initiative (PCNGI) has recorded significant progress, attracting over $500 million in investment and creating 10,000...
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Cooking Gas Prices Surge Sharply Across Nigeria, NBS Reports
The cost of cooking gas in Nigeria continues its sharp upward trajectory, with the average retail price for refilling a...
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Asian Markets Waver After Wall Street Tech Rally; Trade Tensions Loom
Asian stock markets opened on a cautious note Tuesday, with investors digesting a mix of Wall Street tech optimism and...
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Dangote Refinery Can Meet ECOWAS Petroleum Demand, Declares Regional Leaders
The Dangote Petroleum Refinery has announced that it possesses the capacity to meet the petroleum product demands of all ECOWAS...
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Nigeria’s Currency in Circulation Hits N5.015 Trillion in April 2025
Nigeria’s currency in circulation (CIC) climbed to N5.015 trillion in April 2025, according to the latest figures released by the...
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Nigeria’s External Debt Servicing Hits $2.01bn in First Four Months of 2025
Nigeria has spent a staggering $2.01 billion on servicing its external debt between January and April 2025, marking a significant...
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