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Local Refining Boom Cuts Petrol Imports by N6trn

Local Refining Boom Cuts Petrol Imports by N6trn   Nigeria’s petrol import bill fell sharply in the first nine months of 2025, dropping by N6.07tn compared with the same period of 2024, according to an analysis of National Bureau of Statistics trade data. The value of imported...

Trade Surplus Hits N6.69trn as Nigeria’s Exports Shine

Trade Surplus Hits N6.69trn as Nigeria's Exports Shine   Nigeria recorded a trade surplus of N6.69tn in the third quarter of 2025, at a 27.29 per cent growth rate, continuing a trend of trade surpluses. Stakeholders attribute the consistent positive performance to the economic reforms in...

FG Spent N1.1trn on Agric Imports as Foreign Trade Reaches N38.8trn

FG Spent N1.1trn on Agric Imports as Foreign Trade Reaches N38.8trn   Nigeria’s trade with foreign countries increased to N38.93trn in Q3, 2025, foreign trade report by the National Bureau of Statistics (NBS) has stated. The report said the figure represents an increase of 8.71 percent over...

Nigeria’s GDP Grows 3.98% in Q3 2025 – NBS

Nigeria’s economy grew by 3.98 per cent in the third quarter of 2025, marking a slight improvement over the 3.86 per cent recorded in the same period of 2024, according to the latest Gross Domestic Product report released by the National Bureau of Statistics on Monday.

Nigeria’s Public Debt Surges to N152.39trn in Q2 2025 – NBS

Nigeria’s public debt stock increased from N149.38 trillion (97.23 billion dollars) in the first quarter of 2025 to N152.39 trillion (99.65 billion dollars) in the second quarter of 2025.

Headline Inflation Drops to 16.05% in October

The National Bureau of Statistics, NBS, today said headline inflation rate eased by 1.97 percentage points to 16.05 percent in October from 18.02 percent in September 2025.