Hafsat Ibrahim

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Inflation Erases N2.8tn from Workers’ Pay in One Year

The real value of employees’ earnings fell sharply by about N2.79tn in 2024 to N25.48tn, indicating that workers became poorer as inflation wiped out gains from higher nominal pay, data from the Central Bank of Nigeria show.

Reports Show Africa’s FDI Plummet 38% in 2025

Africa struggled to attract Foreign Direct Investment (FDI) in 2025 as inflows fell by 38 percent, even as global FDI rebounded by 14 percent, according to preliminary estimates by the United Nations Conference on Trade and Development (UNCTAD).

Nigeria to Become Africa’s Second Commercial Cloves Producer

Nigeria is set to become Africa’s second commercial cloves producer as 74,000 farmers prepare to join the maiden nationwide cloves farming initiative ahead of the 2026 wet season.

Private Sector Credit Rises to N75.8trn in December 2025 – CBN

The data was released by the Central Bank of Nigeria (CBN) as part of its latest monetary and credit statistics.

External Reserves Cross $46bn, Highest in Eight Years

The development is based on the latest external reserves data released by the Central Bank of Nigeria (CBN) dated January 22, 2026.

‎Chevron Records Third Oil Discovery as Nigeria’s Reforms Gain Traction

‎Nigeria’s oil sector reforms are beginning to yield tangible results, with Chevron Nigeria Limited recording its third successful exploration discovery.
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Economic Confidential is a magazine published and produced by Image Merchant Promotion (IMPR) Limited, an Abuja-based Public Relations (PR) outfit with specialty in Media Relations, Crisis Communication, Social Media, Publishing, and Integrated Marketing Communication.

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