Nigeria’s petrol imports surged in 2024, doubling despite an increase in domestic refining capacity, highlighting the country’s continued reliance on imported fuel.

Nigeria's Agric Growth Declines as Food Insecurity Lingers - Report  The National Bureau of Statistics (NBS) data analysis has revealed that agriculture sector growth slowed to 1.76 percent in 2024, hitting a five-year low in blow for Nigeria’s food security drive. NBS showed that Nigeria’s agriculture...

Nigeria’s Vice President, Kashim Shettima, has stated that the federal government recently signed a $4.3 billion memorandum of understanding with Brazil targeted at boosting fertiliser production and food security across the country.

Nigeria’s GDP Rises 3.40% in 2024 – NBS Nigeria’s Gross Domestic Product (GDP) grew by 3.40 per cent in 2024, an increase from 2.74 per cent recorded in 2023. This is just as the country’s economy grew by 3.84 per cent (year-on-year) in real terms in...

Inflation: NGX Trading Dips as Investors Loss N166bn The Nigerian Stock Exchange on Tuesday recorded a significant dip as investors lost N166bn in market value, following the drop in Nigeria’s headline inflation to 24.48 per cent in January 2025. The latest inflation figure, announced by the...

Nigeria’s headline inflation has dropped to 24.48 per cent year on year in January 2025. This is a sharp decline from the 34.80 per cent.