President Bola Ahmed Tinubu has hailed the remarkable growth of Nigeria’s capital market as one of the strongest indicators of economic recovery under his administration.
Nigerian banks increased their lending to the Federal Government by ₦15.66 trillion in one year, according to the Central Bank of Nigeria’s (CBN) money and credit statistics.
Nigeria imported £1.1 billion worth of refined oil from the United Kingdom in 2025, underscoring its continued reliance on foreign petroleum products despite efforts to expand local refining capacity.
The Nigerian National Petroleum Company Limited (NNPC Ltd.) reported a sharp rise in revenue and profitability in April 2026, driven by higher crude oil output and stronger operational performance.
The African Development Bank (AfDB) has revealed that power outages cost Nigerian businesses about 3% of their annual sales, forcing firms to spend heavily on generators and other private alternatives. Â
