Nigeria’s Oil Losses Fall to a 16-Year Low — But Output Still Struggles

For years, crude oil theft and losses plagued Nigeria’s most important revenue source, draining billions of dollars and undermining growth. Pipelines were tapped, shipments syphoned, and records blurred. At its peak in 2021, Nigeria was losing over 100,000 barrels of oil every single day. Today, the story looks different. According to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), daily losses have dropped to just 9,600 barrels per day — the lowest since 2009. In the first seven months of 2025, total losses were capped at 2.04 million barrels, representing a 90.7% reduction compared to the prorated losses for the same period in 2021 (21.9 million barrels).

September 11, 2025

Nigeria’s Ginger Crisis: What It Tells Us About the Economy (August 2025)

For decades, ginger stood as both a household essential and one of Nigeria’s proudest agricultural exports—flavouring meals, serving as medicine, and even finding its way into cultural slang. It was abundant, affordable, and part of daily life. Now, the spice has become a luxury. Once Africa’s largest producer, Nigeria is struggling with disease outbreaks, export-driven scarcity, and middlemen exploitation—pushing ginger out of ordinary kitchens and endangering the livelihoods of the farmers who depend on it.

August 28, 2025

How Nigerians Abroad Can Open Bank Accounts with CBN’s Non-Resident BVN

For many Nigerians living abroad, opening a bank account in Nigeria has long been a frustrating process. Lengthy forms, repeated correspondence, and the requirement to appear in person often discouraged potential account holders. This is now changing.

August 14, 2025

Nigeria's Real Estate Sector Hits N41tn

You know that friend who bought land in 2019 for ₦800k and now it’s worth ₦5 million? Or the house you’ve been eyeing for years that just got listed again—this time at double the price? Real estate in Nigeria has always felt like a goldmine, but now the data backs it up. According to the newly rebased GDP figures from the National Bureau of Statistics (NBS), the real estate sector is officially the third-largest contributor to Nigeria’s economy, valued at ₦41.3 trillion.

July 31, 2025

What Investors Should Know About the UK's Inflation Surge

June brought an unexpected development in the UK’s economic landscape: a rise in inflation, reversing several months of gradual progress. As central banks around the world weigh the pace of monetary easing, this new data point has renewed attention on the Bank of England (BoE) and its upcoming decisions on interest rates.

July 17, 2025

What the IMF’s 2025 Growth Forecast Means for Nigeria’s Economy

The International Monetary Fund (IMF) has upgraded its outlook for Nigeria’s economy, projecting a growth rate of 3.4% in 2025 — up from 2.9% in 2023. The change is largely attributed to ongoing reforms, improved investor sentiment, and stronger performance in the oil and services sectors. But this progress is uneven. While inflation is easing and reserves are rising, poverty and food insecurity have worsened. The IMF warns that reform gains will not be sustainable without stronger social protection and better fiscal management.

July 3, 2025