November 17, 2025 By Blaise Udunze Is Nigeria, Africa’s largest economy, economically broke? It is a question no patriotic citizen wants to confront, yet one that confronts every Nigerian daily at the fuel pump, the market stall, the school gate, the hospital reception, and increasingly, in the national accounts. The […]
OPINION/EDITORIAL
S&P Global Raises Nigeria’s Outlook to Positive from Stable, Affirms Sovereign Credit Rating at “B-/B”
November 17, 2025/CSL Update S&P Global Ratings has revised Nigeria’s outlook to Positive from Stable, while affirming the country’s “B-/B” long and short term foreign and local currency sovereign credit ratings. The upward revision reflects the increased confidence in Nigeria’s reform agenda, with S&P noting that the country has recorded […]
Headline Inflation Drops to 16.05% Y/Y in October
November 17, 2025/Cordros Report Based on the CPI data from the National Bureau of Statistics (NBS), Nigeria’s headline inflation fell sharply by 196bps to 16.05% y/y in October (September: 18.02% y/y). However, on a month-on-month basis, consumer prices increased by 21bps to 0.93% (September: +0.72% m/m). Food inflation decreased by […]
