December 16, 2025/CSL Research According to the latest data from the Nigerian Communications Commission (NCC), active mobile subscriptions increased by 17.48 million year-on-year (+11.09%) to 175.08 million in October 2025, up from 157.60 million in October 2024. On a month-on-month basis, total subscriptions rose by 1.54 million (+0.89%), from 173.54 […]

December 16, 2025/Cordros Report Based on the CPI and inflation report released by the National Bureau of Statistics (NBS), Nigeria’s headline inflation fell for the eighth consecutive month. Specifically, headline inflation eased by 160bps to 14.45% y/y in November (October: 16.05% y/y) – 21bps higher than Cordros’ estimate of 14.24% y/y. Conversely, […]

December 16, 2025/United Capital Report Our Q4 GDP Growth Rate Now Revised to 4.59% Nigeria’s real Gross Domestic Product (GDP) grew by 3.98% in Q3 2025, slightly above the 3.86% recorded in the same period of 2024. Although this marks the strongest Q3 growth since 2021, it fell short of […]