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‎Inflation pressures mount in U.S. as China faces domestic demand struggles

‎By Chioma Obinagwam ‎Consumer prices in the US climbed for the second month in a row, reaching 2.7% year-on-year in June, up 30...

BusinessNews

Nigeria’s private sector lending slows, bourse transactions spike

Data from Nigeria’s apex bank, Central Bank of Nigeria (CBN), shows that Credit to the Private Sector (CPS) grew by 4.7% year-on-year to...

BusinessNews

Guinness Nigeria: Robust earnings recovery, strategic growth initiatives

By Chioma Obinagwam Guinness Nigeria PLC’s nine-month 2025 results confirm a sharp turnaround in earnings, driven by aggressive pricing, improved product mix, and...

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Global markets tumble amid trade tensions, U.S. fiscal fears

Global equities faced a sharp sell-off this week as investors navigated renewed trade tensions, United States (U.S.) fiscal concerns, and mixed economic signals,...

BusinessNews

Nigeria’s GDP rose by 3.46% amid protest against hunger

By Chioma Obinagwam The National Bureau of Statistics (NBS) revealed that the domestic economy maintained its growth pace for the third consecutive quarter...

BusinessNews

Nigeria’s headline inflation leaps to 28.92%

By Chioma Obinagwam   Nigeria’s headline inflation grew higher by 72bps to 28.92% y/y in December (November: 28.20% y/y).   Confiance News gathered...

BusinessNews

‘Is 2024 a year of crisis or confidence?’ Pundit reveals

By Chioma Obinagwam Overview of 2023 The performance of the domestic economy appears to have deteriorated compared to 2022 full year (FY) levels,...

BusinessNews

How NGX market cap hit N1.4trn in August

By Chioma Obinagwam   Nigerian Exchange Limited (NGX) has notched a N1.4 trillion market capitalization amid concerns around the soaring inflation, interest rate...

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‎NNPC’s $1.42bn, N5.57trn Debt Write-Off and Test of Nigeria’s Fiscal Governance‎

By Blaise Udunze‎‎When the Federal Government approved the write-off of about $1.42 billion and N5.57 trillion in legacy debts owed by the Nigerian...

‎Why 2026 must be the year Nigeria’s economy works for all‎

By Blaise Udunze‎‎As the new economic year begins in Nigeria, statements and policies emanating from government officials’ corridors project cautious optimism. One of...