Facts & Figures

Nigeria’s external reserves climbed to their strongest level in six years, crossing the $42bn mark for the first time since September 2019.

According to data from the Central Bank of Nigeria (CBN), this marks the first time since 2021 that the country’s reserves have crossed the $41 billion threshold, signaling renewed stability in external buffers.

‎The Federal Account Allocation Committee (FAAC) disbursed over ₦6 trillion to Nigeria’s 36 states and 774 local governments between January and June 2025, according to newly released figures. The allocations reflect significant regional disparities, with oil-producing South-South states and Lagos topping the charts.

The Federal Government spent N611.71bn in March 2025 to service its first-ever domestic US Dollar-denominated bond.

Nigeria’s broad money supply declined for the second time this year, falling slightly to N119.01tn in May 2025, according to fresh data from the Central Bank of Nigeria (CBN).

NBS Reports 29% Surge in Farm Produce Costs     The National Bureau of Statistics (NBS) has reported a 28.98 per cent rise in the average cost of farm produce between January and May 2025, signalling a deepening crisis in Nigeria’s agricultural sector. According to the NBS, the...