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Nigeria’s oil output up in December; inflation down as CBN changes methodology
Sopuruchi Onwuka Nigeria’s oil production rose slightly in December, increasing to 1.50 million barrels per day (mbpd) from 1.49 mbpd in November. Output therefore matched the country’s OPEC+ quota of 1.50 mbpd. For 2025 as a whole, oil production averaged…
Inflation hits Nigerian kitchens with food price jumps
Sopuruchi Onwuka The inflationary trends in the domestic economy have drilled down to direct impact on low income families in the country, figures from the National Bureau of Statistics (NBS) have clearly indicated. The NBS indicated that inflation impacts on…
NBS lowers parameter for rating employment
Sopuruchi Onwuka Government has reduced the consideration for being categorized as employed in the country to near idleness as the country’s unemployment figures continues to global peak, insisting that about 75 percent of working age adults are employed in the…
