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…
Manufacturers in Nigeria have lamented that commercial bank credit allocation to the sector contracted by N1.92 trillion from N8.53 trillion in December 2024 to N6.61 trillion in December 2025, representing a significant year-on-year contraction of -22.5 per cent. Acting under the aegis of the Manufacturers Association of Nigeria (MAN), the group described the situation as…
The Federal Airports Authority of Nigeria (FAAN) has justified its decision to increase operational tariff for airport cab operators and enforce vehicle upgrade requirements, saying the measures are necessary to improve passenger experience and maintain service standards at Nigerian airports. It also set a timeline for its vehicle upgrade policy which it said remained sacrosanct…
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…
The National Bureau of Statistics (NBS) said Nigeria’s total capital importation rose to $10.37 billion in the first quarter (Q1) of this year. The figure represents an 83.83 per cent increase compared to the $5.64 billion recorded in the corresponding period of last year. In its latest capital importation report released yesterday, the NBS said…
Importers have rejected the proposed increase in shipping tariffs by major shipping companies in the country. Acting under the aegis of Importers Association of Nigeria (IMAN), South West Zone, the group described the move as a violation of existing agreements with stakeholders and a threat to businesses and consumers already burdened by high costs. Speaking…
Nigeria has attracted the largest share of overall foreign direct investment (FDI) in West Africa while manufacturing investment remained relatively modest due to policy inconsistency, infrastructure deficits, and macroeconomic instability, Pan-African Manufacturers Association (PAMA) has said citing data from the United Nations Conference on Trade and Development (UNCTAD). The review said Nigeria recorded negative FDI…
The Monetary Policy Committee (MPC) said rising political spending and foreign exchange (forex) demand pressures associated with the 2027 elections will test the resilience of Nigeria’s economy. Members of the Central Bank of Nigeria (CBN)-led MPC, in their personal notes at the last MPC meeting released on Thursday including Aloysius Ordu, Bandele Amoo, Lamido Yuguda,…
