Economy

The World Bank is warning of rising debt pressures and urging export diversification and fiscal reforms. Higher global rates and servicing costs are squeezing developing economies, including Nigeria.

According to The Punch, partners of the Dangote Petroleum Refinery including MRS are set to begin retailing petrol around ₦739 per litre, following a reduction in the refinery’s ex-depot price and renewed pressure to reflect lower costs at

Governor Sanwo-Olu approves a multi-billion naira waterfront transformation for Oworonshoki, including new housing and a ferry jetty.

Nigeria’s grid reportedly regains 450MW, offering short-term supply relief.

Tin Can Island Port Command says it exceeded its 2025 revenue target, highlighting stronger collections and renewed focus on port efficiency and compliance controls.

A payroll audit in Osun State reportedly uncovered 8,452 ghost workers, renewing debate about wage leakages and verification reforms.

According to The Punch, Nigeria recorded a ₦6.69 trillion trade surplus in Q3 2025, with exports of about ₦22.81tn outweighing imports of about ₦16.12tn, continuing a run of positive trade balances.

CBN’s latest outlook projects stronger 2026 growth and a sharp fall in average inflation, with markets watching oil, FX stability and policy follow‑through.

FG targets economic consolidation through the 2026 budget to improve citizen welfare.

Fuel marketers say Nigeria still needs imports and multiple supply channels even as Dangote refinery output expands. The debate centres on resilience and competition, with warnings that over-reliance on one supply source could trigger shortages or monopoly risks.