Global ratings agency Fitch Ratings has affirmed Nigeria’s sovereign credit rating at ‘B’ with a Stable Outlook, citing ongoing economic reforms, rising foreign reserves and improving macroeconomic conditions. The development was disclosed in a statement by Kamorudeen Yusuf, Personal Assistant on Special Duties to President Bola Ahmed Tinubu. According to the statement, Nigeria’s gross external…
By Seun Ibiyemi The Lagos Chamber of Commerce and Industry (LCCI) has called on the Federal Government to prioritise strategic market stabilisation over price suppression to cushion the inflationary impact of rising fuel prices. The Director-General of LCCI, Chinyere Almona, made the call in a statement issued on Tuesday in Lagos. Almona said the surge…
By Seun Ibiyemi The International Monetary Fund (IMF) has warned that sustained increases in energy prices could drive global inflation and weaken economic growth if the current trend persists. IMF spokesperson, Julie Kozack, disclosed this on Thursday, noting that ongoing conflict has already disrupted seaborne shipments of oil and natural gas, pushing crude oil prices…
By Seun Ibiyemi Nigeria’s headline inflation rate eased slightly to 15.06 per cent in February 2026, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). The report, published in Abuja on Monday, showed a marginal decline of 0.04 percentage points from the 15.10 per cent recorded in…
By Seun Ibiyemi Nigeria’s headline inflation rate eased marginally to 15.06 per cent in February 2026, down from 15.10 per cent recorded in January, according to the latest data from the National Bureau of Statistics. The data showed that the Consumer Price Index (CPI), which measures the average change in prices of goods and services…
By Seun Ibiyemi The Sea and Empowerment Research Centre (SEREC) has warned that Nigeria’s inflation rate could rise by three to five per cent amid the ongoing conflict between the United States and Iran, citing mounting geopolitical and economic risks to global energy and maritime systems. SEREC’s Head of Research, Eugene Nweke, disclosed this in…
By Adeyemi David The Centre for the Promotion of Private Enterprise (CPPE) has said Nigeria’s inflation decline to 15.10 percent in January points to a significant shift toward macroeconomic stabilisation, offering relief for households and renewed confidence for investors. Founder of the CPPE, Muda Yusuf, made the assertion in a statement issued Monday in Lagos…
….As food inflation hits single digit first time in 10 yrs … Naira hits N1,390 on black market as gap closes 2.5% …. Nigeria records strongest foreign inflows in five years on reforms By Adeyemi David Nigeria’s headline inflation rate moderated slightly to 15.10 per cent in January 2026, down from 15.15 per cent recorded…
