January 8, 2026/CSL Update The Central Bank of Nigeria (CBN) has released its December 2025 Purchasing Managers’ Index (PMI) report for the agriculture, services, and industry sectors. The composite PMI rose to 57.6 points in December from 56.4 points in November, marking the strongest pace of activity in nearly five […]
OPINION/EDITORIAL
Manufacturing, Monetary Policy, and Growth Constraints in Nigeria
January 7, 2026/CSL Update According to the Central Bank of Nigeria’s latest statistical data, total credit extended by deposit money banks to the manufacturing sector declined sharply from ₦8.49 trillion in October 2024 to ₦6.79 trillion by October 2025, representing a year-on-year contraction of approximately 20.1%. Over the same period, […]
NNPC’s $1.42Bn, N5.57Trn Debt Write-Off and Test of Nigeria’s Fiscal Governance
January 6, 2026 By Blaise Udunze When the Federal Government approved the write-off of about $1.42 billion and N5.57 trillion in legacy debts owed by the Nigerian National Petroleum Company Limited (NNPC Ltd) to the Federation Account, it was rightly described as a landmark decision. After years of disputes, reconciliations, […]
