Nigeria’s food inflation rate rose to 12.12% in February 2026, reversing the single-digit level recorded in January and signalling renewed pressure on household food costs.
NEC Secretariat Gets N7.9bn Amid Funding Shortfalls for Agencies
The Federation Accounts Allocation Committee (FAAC) approved the disbursement of N7.895bn as funding for the operations of the Secretariat of the National Economic Council in 2025, despite widespread complaints by Ministries, Departments, and Agencies over inadequate...
President Bola Ahmed Tinubu has inaugurated an 11-member committee to oversee the establishment of the Grid Asset Management Company Limited (GAMCO), a new initiative aimed at addressing Nigeria’s persistent electricity transmission and grid management challenges.
Banks' Credit to Manufacturers Declines by 20% to N60.4trn
Nigerian deposit money banks disbursed a total of N60.35tn in credit to the manufacturing sector in the first nine months of 2025, a 20.44 per cent decline from the N75.86tn recorded in the corresponding period of...
Pension Funds Soar to N28trn with Over 11m Contributors
The Nigerian pension fund industry started 2026 on a high note, with total pension fund assets surging to a new milestone of N28.04 tn as of 31 January 2026, indicating a 22.64 per cent appreciation in...
Nigeria’s VAT Revenue Increases to N2.28trn in Q3 2025
Nigeria’s Value Added Tax (VAT) revenue rose to N2.28 trillion in the third quarter of 2025, marking a 10.66% increase from N2.06 trillion in the previous quarter, according to the National Bureau of Statistics (NBS).
The figure...
