By Admin The June 2026 inflation report points to a broad stabilisation of headline inflation but also reveals a renewed escalation of food prices. While macroeconomic stability is gradually being consolidated, structural inflationary pressures within the real economy remain pronounced, the Centre for the Promotion of Private Enterprises (CPPE) has said. Headline inflation eased marginally…
The National Bureau of Statistics (NBS) said Nigeria’s headline inflation dropped marginally to 15.91 per cent in the month of June. Its June Consumer Price Index Report (CPI) stressed that the figure was a 0.2 pe rcent reduction from the 15.93 per cent recorded in the preceding month. It went to state that the June’s…
The Association of Bureaux De Change Operators of Nigeria (ABCON) has called for increased vigilance in the operation and regulation of the Nigeria financial system to protect it against terrorism financing and illicit financial flows. In a statement, ABCON condemned any form of terrorism financing in the country, and reiterated its support for all legitimate…
The Nigerian government has warned that the weak revenue generation and institutional capacity at the sub-national level pose a major threat to development outcomes, especially the achievement of the Sustainable Development Goals (SDGs). The warning was issued at the opening of a High-Level Workshop on Strengthening Fiscal Capacity at the Sub-National Level in Nigeria, held…
Nigeria will require about $100 billion in yearly investments over the next 17 years to bridge existing infrastructure gap in the country estimated to be about $2.3 trillion, the Infrastructure Concession Regulatory Commission (ICRC) has said. Its Director-General and Chief Executive Officer, Dr. Jobson Oseodion Ewalefoh, who spoke in Abuja during a one-day stakeholders’ engagement…
Premium new-energy vehicle brand under Geely Auto Group, Geely Galaxy, has strategically partnership with TIM Motors to deliver electric vehicles in Nigeria. To this end, Geely, which also owns globally recognised brands including Volvo Cars, Polestar, and Lotus, will make an official entry into Nigeria with the launch of three models which are EX5 EM-i,…
By Segun Ajayi-Kadir The Manufacturers Association of Nigeria (MAN) views the past three years as a period of difficult but consequential economic transition. The administration embarked on substantive macroeconomic reforms intended to correct long-standing structural distortions within the economy and reposition the country for sustainable growth. While we acknowledge the necessity of these reforms and…
