GDP Trend nov.2024 to Nov. 2025: Non Oil Sector Drives Recovery.
Non-oil sectors and services drive Nigeria’s gradual economic recovery amid cautious growth and structural reforms. By Olukemi Odoh From November 2024 through November 2025, the economy has shown a steady but cautious recovery, according to data from the National Bureau of Statistics (NBS). A combination of structural reforms, rebasing of GDP, and a rebound in […]
Nasarawa Unveils $400 Million Rare Earth Plant, Pushing Nigeria Into Global Minerals Spotlight.
The launch of the $400 million rare earth processing plant marks a major turning point for Nasarawa’s economic future. It positions the state as a rising force in Nigeria’s solid minerals sector and the global clean-energy value chain. This milestone also reflects growing investor confidence and Governor Sule’s commitment to industrial development. Governor Sule of […]
Nigeria’s 2025 Inflation Slowdown: What It Means for Households, Businesses, and the Economy.
By Uche Vera After two difficult years marked by soaring prices and sharp policy adjustments, 2025 is shaping up to be a year of cautious relief for Nigerians. Recent figures released by the National Bureau of Statistics (NBS) show a clear moderation in the inflation rate compared to the highs recorded in 2023 and 2024. […]
2025 Lagos International Trade Fair:Over 3000 Exhibitors Converge at TBS. (1 million visitors expected)
LCCI hosts Lagos International Trade Fair The 2025 Lagos International Trade Fair is set to hold from 7–16 November 2025 at the historic Tafawa Balewa Square (TBS), Lagos. Organised by the Lagos Chamber of Commerce and Industry (LCCI), the fair remains one of the most prominent business events in West Africa, attracting exhibitors, investors and […]
Nigeria’s Economic Outlook Brightens as IMF Raises Growth Forecast
The International Money Fund Nigeria’s economic prospects have received a significant boost following the International Monetary Fund’s (IMF) upward revision of the country’s growth forecast. The IMF’s latest outlook attributes this optimism to increased oil production and renewed investor confidence — two factors that have long shaped Africa’s largest economy. At the same time, the […]
Nigeria’s Inflation Trends: 2024 through mid-2025
Upward trend, ease. In 2024, inflation in Nigeria reached eye-watering levels. According to the Global Economy database, the annual inflation rate for 2024 was about 33.2 %. This marked a sharp acceleration compared to previous years (e.g. 24.7 % in 2023) However, from late 2024 into 2025, inflation began to moderate. By February 2025, the […]