economy
A policy shifts in Abuja. Your transport fare goes up by Friday. That’s the economy.
THE RATE THAT WON’T MOVE
The Central Bank decides today whether borrowing gets any easier. Nearly everyone expects the answer to be no, right as fuel gets more expensive in dollar terms. Nigeria’s Monetary Policy Committee wraps up its two day meeting today with a decision on interest…
THE QUEUE THAT SHOULDN’T EXIST
Marketers have stopped loading fuel at Dangote Refinery over a dollar pricing dispute. Four days later, pump prices are already moving and nobody in government has said a word. Oyewole Akanni has four truckloads of petrol sitting at the Dangote Refinery gate in Lekki….
THE NUMBER THAT MOVED AND THE ONE THAT DIDN’T
Nigeria’s headline inflation rate fell last month. The number that decides what a family actually eats went the other way. Nigeria’s annual inflation rate eased to 15.91 percent in June, down slightly from 15.93 percent in May. That’s the first decline since February,…
THE NUMBER THAT’S GOING DOWN AND THE ONE THAT ISN’T
Nigeria’s headline inflation is easing toward 15.9 percent. Food inflation just went the other way, up to 17.52 percent. Households don’t spend money on the headline number. BusinessDay’s Inflation Nowcast puts headline inflation at roughly 15.9 percent for…
WHEN THE STATE MOVES FAST FOR SOMEONE ELSE
Shell just secured a tax credit worth more than double the standard rate on a $20 billion oil project. Nigeria found the political will to sign it off in months. President Tinubu has approved a production-linked tax credit of $11.50 for every barrel of crude Shell and…
THE NUMBER BIGGER THAN THE BUDGET
Nigeria waived N34 trillion in import duty in a single year. That is more money than the entire federal government spent in 2025. The disclosure came almost by accident, buried inside a Senate hearing about agencies that had skipped an invitation to…
WHO ACTUALLY FEELS THIS
Nigeria’s crude output just hit its highest level in more than six years. The numbers are real. The question is whether they reach anyone outside the terminals. Nigeria’s crude oil production climbed to 1.56 million barrels per day in June, the highest level since…
Join our WhatsApp Channel. Free. No spam. One update. Every morning
Nigerian. Life. Explained.