nigeria economy

The Digest: Fifty-two civil society organisations, including ActionAid Nigeria, SERAP, CDD, Yiaga Africa, and CISLAC, have warned that Nigeria is "on the brink of collapse" due to worsening insecurity, economic hardship, endemic corruption, shrinking civic space, and erosion of multi-party...

The Digest: The World Bank has downgraded Nigeria's economic growth projection to an average of 4.1 percent in 2026, down from an October 2025 forecast of 4.4 percent. The 2027 projection was also downgraded to 4.2 percent. The bank said the services sector, particularly ICT, finance, and real...

The Digest: Nigeria's headline inflation rate eased to 15.06 per cent in February 2026, down marginally from 15.10 per cent in January, according to the National Bureau of Statistics. The NBS Consumer Price Index report released Monday showed a 0.04 percentage point decline month-on-month...

The Digest: Nigeria's crude oil output declined to 1.58 million barrels per day in October 2025, reflecting a 1.86% decrease from September's production levels. According to NNPC's monthly report, the drop occurred despite significant financial gains, with the state oil company recording N447...

The Digest: Nigeria has successfully exited the FATF grey list following two years of intensive financial system reforms that addressed critical deficiencies in anti-money laundering and counter-terrorism financing. The delisting, announced at the global watchdog's October plenary, marks a...

Image Credit: Deyon Daniel The Digest: In a significant boost for Africa's largest economies, Nigeria and South Africa have been removed from the Financial Action Task Force's "grey list" of countries subject to increased monitoring for money laundering and terrorist financing. The delisting...