How 20 Governors Borrowed N458bn Amid Rising Debts   No fewer than 20 states of the federation borrowed about N458bn in the first half of 2025, findings have revealed. This comes against the backdrop of a soaring external debt servicing burden gripping state governments. Collectively, the states spent...

Nigeria Spends N804bn on Arms Imports, Experts Urge Domestic Production   Nigeria spent N804.10bn on arms and ammunition imports between 2020 and the second quarter of 2025, according to data obtained from the National Bureau of Statistics (NBS). Despite moves by the government to expand domestic production,...

Nigeria’s Gross Domestic Product rose by 4.23 per cent year-on-year in real terms in the second quarter of 2025, according to the latest figures released on Monday by the National Bureau of Statistics.

The National Bureau of Statistics (NBS) says Nigeria’s inflation rate declined to 20.12 percent in August — down from 21.88 percent in July.

Nigeria’s foreign trade performance in the first half of 2025 showed a strong positive outlook, as exports outpaced imports to deliver a surplus of N12.64 trillion.

Marketing Sector Records $26.39m Inflow on Investors Return   Nigeria’s marketing industry has attracted a total of $26.39m in foreign investments since 2023, signalling a cautious rebound in investor confidence after a sharp decline in 2024. Capital importation data from the National Bureau of Statistics (NBS) revealed...