Nigeria's Capital Spending Decreases by 25.3% – CBN Nigeria’s capital expenditure for the first half of 2024 has declined by 25.3 per cent to N1.99tn, down from N2.68tn in the corresponding period last year. It was observed that this decline occurred despite the government operating four...

Nigeria’s Inflation Rate Rises to 32.7%  The National Bureau of Statistics (NBS) says the consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to 32.7 percent in September. This is the first increase in three months after the...

26 States Attract Zero Investments in One Year – NBS A report by the National Bureau of Statistics (NBS) has revealed that 26 out of the 36 states in the country did not receive any form of foreign investments over a one year period. The bureau...

Nigeria’s Debt Servicing Surges to N6tn – CBN Latest data from the Central Bank of Nigeria (CBN) shows that the country's debt servicing expenses reached N6.04tn in the first half of 2024. This indicates an increase of 68.8 per cent from the N3.58tn recorded during the...

Cost of Healthy Diet Rises by 28%, NBS Reports The rising cost of maintaining a healthy diet has put a strain on many Nigerians, as the average daily cost of a healthy diet in the country reached N1,255 per adult in August 2024, according to...

DisCos Earn N162.14bn Revenue in July – NERC Twelve electricity Distribution Companies (DisCos) in the Nigerian Electricity Supply Industry (NESI) collected N162 billion revenue in July 2024. The Nigerian Electricity Regulatory Commission (NERC) broke the news in its document titled: “Commercial Performance of Distribution Companies (DisCos),”...