BUSINESS & ECONOMY
A policy shifts in Abuja. Your transport fare goes up by Friday. That’s the economy.
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…
THREE THINGS FOR THE WEEKEND
Three things from this week worth carrying into Saturday. 1. A ₦10 billion threat and a court date Chief of Staff Femi Gbajabiamila has threatened Adeyemi with a ₦10 billion defamation suit over the bribery allegations Adeyemi made against him. Adeyemi’s own…
THE PAPERWORK NOBODY TRUSTS
Nigeria is the second most rejected nationality for UK visas in the world, and the paperwork trust problem doesn’t stop at the border. It starts at home. Between 2005 and the first quarter of 2026, the UK rejected 1,344,595 visa applications from Nigerians. Only…
THE CLAIM YOU’RE STILL WAITING ON
NAICOM just told every insurer in Nigeria to pay every outstanding claim or forget getting relicensed. Five million policyholders are the reason this matters. Nigeria’s insurance sector has until 31 July to meet new capital requirements set under last year’s reform…
Join our WhatsApp Channel. Free. No spam. One update. Every morning
Nigerian. Life. Explained.