Tobi Tunji, Author at Nairametrics Destination for Business news and analysis from Africa's largest economy Tue, 08 Jul 2025 17:13:33 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Tobi Tunji, Author at Nairametrics 32 32 201037849 June 2025 PMI: CBN warns of inflation as input costs outpace output prices https://nairametrics.com/2025/07/08/june-2025-pmi-cbn-warns-of-inflation-as-input-costs-outpace-output-prices/ https://nairametrics.com/2025/07/08/june-2025-pmi-cbn-warns-of-inflation-as-input-costs-outpace-output-prices/#respond Tue, 08 Jul 2025 17:13:33 +0000 https://nairametrics.com/?p=518733 The Central Bank of Nigeria (CBN) has raised concerns that the continued rise in input costs across major sectors may trigger a new round of consumer price inflation, as businesses struggle to absorb cost pressures. 

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]]> https://nairametrics.com/2025/07/08/june-2025-pmi-cbn-warns-of-inflation-as-input-costs-outpace-output-prices/feed/ 0 518733 IMF flags absence of social buffer for poor Nigerians amid reforms  https://nairametrics.com/2025/07/08/imf-flags-absence-of-social-buffer-for-poor-nigerians-amid-reforms/ https://nairametrics.com/2025/07/08/imf-flags-absence-of-social-buffer-for-poor-nigerians-amid-reforms/#respond Tue, 08 Jul 2025 09:57:48 +0000 https://nairametrics.com/?p=518693 The International Monetary Fund (IMF) has expressed concern over Nigeria’s lack of an adequate social safety net to shield vulnerable citizens from the adverse effects of ongoing economic reforms. 

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]]> https://nairametrics.com/2025/07/08/imf-flags-absence-of-social-buffer-for-poor-nigerians-amid-reforms/feed/ 0 518693 Stanbic IBTC predicts 200 bps cut in Nigeria’s interest rates for 2025  https://nairametrics.com/2025/07/03/stanbic-ibtc-predicts-200-bps-cut-in-nigerias-interest-rates-for-2025/ https://nairametrics.com/2025/07/03/stanbic-ibtc-predicts-200-bps-cut-in-nigerias-interest-rates-for-2025/#respond Thu, 03 Jul 2025 14:04:42 +0000 https://nairametrics.com/?p=518411 The latest Purchasing Managers’ Index (PMI) report from Stanbic IBTC Bank has noted that, alongside structural reforms and the removal of protectionist policies, inflationary pressures are expected to ease, allowing for a 150 to 200 basis point rate cut in 2025, with further reductions in 2026. In the report, the Head of Equity Research at […]

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]]> https://nairametrics.com/2025/07/03/stanbic-ibtc-predicts-200-bps-cut-in-nigerias-interest-rates-for-2025/feed/ 0 518411 Nigeria’s fiscal deficit may hit 4.7% of GDP in 2025 – IMF  https://nairametrics.com/2025/07/03/nigerias-fiscal-deficit-may-hit-4-7-of-gdp-in-2025-imf/ https://nairametrics.com/2025/07/03/nigerias-fiscal-deficit-may-hit-4-7-of-gdp-in-2025-imf/#respond Thu, 03 Jul 2025 13:23:51 +0000 https://nairametrics.com/?p=518409 Nigeria’s fiscal deficit is expected to rise to 4.7% of Gross Domestic Product (GDP) in 2025, according to the latest International Monetary Fund (IMF) report. 

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]]> https://nairametrics.com/2025/07/03/nigerias-fiscal-deficit-may-hit-4-7-of-gdp-in-2025-imf/feed/ 0 518409 Nigeria PMI slows to 7-month low at 51.6 amid high business confidence  https://nairametrics.com/2025/07/02/nigeria-pmi-slows-to-7-month-low-at-51-6-amid-high-business-confidence/ https://nairametrics.com/2025/07/02/nigeria-pmi-slows-to-7-month-low-at-51-6-amid-high-business-confidence/#respond Wed, 02 Jul 2025 09:04:05 +0000 https://nairametrics.com/?p=518317 The Nigerian private sector showed a slight deceleration in growth in June, with the Purchasing Managers' Index (PMI) dropping to 51.6 from 52.7 in May. 

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]]> https://nairametrics.com/2025/07/02/nigeria-pmi-slows-to-7-month-low-at-51-6-amid-high-business-confidence/feed/ 0 518317 World Bank approves extra $65 million loan for Nigeria’s SPESSE project  https://nairametrics.com/2025/07/01/world-bank-approves-extra-65-million-loan-for-nigerias-spesse-project/ https://nairametrics.com/2025/07/01/world-bank-approves-extra-65-million-loan-for-nigerias-spesse-project/#comments Tue, 01 Jul 2025 09:14:33 +0000 https://nairametrics.com/?p=518240 The World Bank has approved an additional $65 million credit for Nigeria under the Sustainable Procurement, Environmental, and Social Standards Enhancement (SPESSE) project, raising the total funding to $145 million. 

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]]> https://nairametrics.com/2025/07/01/world-bank-approves-extra-65-million-loan-for-nigerias-spesse-project/feed/ 1 518240 FG spends N611.71 billion to service first domestic dollar bond in March  https://nairametrics.com/2025/07/01/fg-spends-n611-71-billion-to-service-first-domestic-dollar-bond-in-march/ https://nairametrics.com/2025/07/01/fg-spends-n611-71-billion-to-service-first-domestic-dollar-bond-in-march/#respond Tue, 01 Jul 2025 08:03:03 +0000 https://nairametrics.com/?p=518235 The Federal Government spent N611.71 billion in March 2025 servicing its first-ever US dollar-denominated bond issued within the domestic market, making it the single largest domestic debt service item for the month and highlighting the rising cost of FX-linked obligations in Nigeria’s debt profile. 

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]]> https://nairametrics.com/2025/07/01/fg-spends-n611-71-billion-to-service-first-domestic-dollar-bond-in-march/feed/ 0 518235 Nigeria’s money supply records second drop in 2025, falls to N119 trillion  https://nairametrics.com/2025/06/30/nigerias-money-supply-records-second-drop-in-2025-falls-to-n119-trillion/ https://nairametrics.com/2025/06/30/nigerias-money-supply-records-second-drop-in-2025-falls-to-n119-trillion/#respond Mon, 30 Jun 2025 17:30:07 +0000 https://nairametrics.com/?p=518196 Nigeria’s broad money supply declined for the second time this year, falling slightly to N119.01 trillion in May 2025, according to fresh data from the Central Bank of Nigeria (CBN). 

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]]> https://nairametrics.com/2025/06/30/nigerias-money-supply-records-second-drop-in-2025-falls-to-n119-trillion/feed/ 0 518196 TAJBank assets near N1 trillion as non-interest lender posts 84% growth in 2024  https://nairametrics.com/2025/06/30/tajbank-assets-near-n1-trillion-as-non-interest-lender-posts-84-growth-in-2024/ https://nairametrics.com/2025/06/30/tajbank-assets-near-n1-trillion-as-non-interest-lender-posts-84-growth-in-2024/#respond Mon, 30 Jun 2025 14:24:21 +0000 https://nairametrics.com/?p=518163 TAJBank Limited reported an 84% increase in total assets in its full-year 2024 financial performance, rising from N518.33 billion in 2023 to N953.10 billion.

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]]> https://nairametrics.com/2025/06/30/tajbank-assets-near-n1-trillion-as-non-interest-lender-posts-84-growth-in-2024/feed/ 0 518163 Nigeria’s public debt hits N149.39 trillion in Q1 2025 – DMO  https://nairametrics.com/2025/06/28/nigerias-public-debt-hits-n149-39-trillion-in-q1-2025-dmo/ https://nairametrics.com/2025/06/28/nigerias-public-debt-hits-n149-39-trillion-in-q1-2025-dmo/#respond Sat, 28 Jun 2025 12:00:45 +0000 https://nairametrics.com/?p=518035 Nigeria’s total public debt rose to N149.39 trillion as of March 31, 2025, marking a year-on-year increase of N27.72 trillion or 22.8% when compared to the N121.67 trillion recorded in the corresponding period of 2024. 

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]]> https://nairametrics.com/2025/06/28/nigerias-public-debt-hits-n149-39-trillion-in-q1-2025-dmo/feed/ 0 518035 Africa’s progress stalled by leaders who don’t understand economics – Obasanjo  https://nairametrics.com/2025/06/27/africas-progress-stalled-by-leaders-who-dont-understand-economics-obasanjo/ https://nairametrics.com/2025/06/27/africas-progress-stalled-by-leaders-who-dont-understand-economics-obasanjo/#respond Fri, 27 Jun 2025 08:20:08 +0000 https://nairametrics.com/?p=517949 Former President Olusegun Obasanjo has said the inability of many African leaders to grasp basic economic principles continues to hold the continent back from meaningful development, warning that the pattern of mismanagement and dependence on aid is unsustainable. 

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]]> https://nairametrics.com/2025/06/27/africas-progress-stalled-by-leaders-who-dont-understand-economics-obasanjo/feed/ 0 517949 Nigeria’s FDI drops by 19% to $250 million in Q1 2025 – CBN  https://nairametrics.com/2025/06/27/nigerias-fdi-drops-by-19-to-250-million-in-q1-2025-cbn/ https://nairametrics.com/2025/06/27/nigerias-fdi-drops-by-19-to-250-million-in-q1-2025-cbn/#respond Fri, 27 Jun 2025 08:14:09 +0000 https://nairametrics.com/?p=517947 Foreign direct investment (FDI) inflows into Nigeria declined by 19% to $250 million in Q1 2025, compared to $310 million in the previous quarter. 

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]]> https://nairametrics.com/2025/06/27/nigerias-fdi-drops-by-19-to-250-million-in-q1-2025-cbn/feed/ 0 517947 Biased credit ratings raising borrowing costs in Africa – Yemi Kale  https://nairametrics.com/2025/06/26/biased-credit-ratings-raising-borrowing-costs-in-africa-yemi-kale/ https://nairametrics.com/2025/06/26/biased-credit-ratings-raising-borrowing-costs-in-africa-yemi-kale/#respond Thu, 26 Jun 2025 10:18:02 +0000 https://nairametrics.com/?p=517896 Group Chief Economist and Managing Director of Research and Trade Intelligence at the African Export-Import Bank (Afreximbank), Dr Yemi Kale, has said that flawed and externally-biased credit rating models are pushing up the cost of borrowing for African countries, despite their improving macroeconomic outlook. 

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]]> https://nairametrics.com/2025/06/26/biased-credit-ratings-raising-borrowing-costs-in-africa-yemi-kale/feed/ 0 517896 Average price of farm produce surges by 28.98% in five months  https://nairametrics.com/2025/06/21/average-price-of-farm-produce-surges-by-28-98-in-five-months/ https://nairametrics.com/2025/06/21/average-price-of-farm-produce-surges-by-28-98-in-five-months/#respond Sat, 21 Jun 2025 12:07:55 +0000 https://nairametrics.com/?p=517591 The National Bureau of Statistics (NBS) has reported a 28.98% rise in the average cost of farm produce between January and May 2025, signaling a worsening crisis in Nigeria’s agricultural sector. The price index for farm produce surged from 110.5 in January to 142.53 in May 2025, highlighting the intensifying pressure on local food prices, […]

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]]> https://nairametrics.com/2025/06/21/average-price-of-farm-produce-surges-by-28-98-in-five-months/feed/ 0 517591 SEC imposes three-year cooling-off for CEOs seeking chairman roles  https://nairametrics.com/2025/06/21/sec-imposes-three-year-cooling-off-for-ceos-seeking-chairman-roles/ https://nairametrics.com/2025/06/21/sec-imposes-three-year-cooling-off-for-ceos-seeking-chairman-roles/#respond Sat, 21 Jun 2025 10:31:32 +0000 https://nairametrics.com/?p=517585 The Securities and Exchange Commission (SEC) has introduced new governance measures aimed at enhancing corporate oversight and ensuring a distinct separation of roles within Nigerian public companies. 

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]]> https://nairametrics.com/2025/06/21/sec-imposes-three-year-cooling-off-for-ceos-seeking-chairman-roles/feed/ 0 517585 BNY Mellon, Standard Bank launch naira-denominated notes for global investors  https://nairametrics.com/2025/06/19/bny-mellon-standard-bank-launch-naira-denominated-notes-for-global-investors/ https://nairametrics.com/2025/06/19/bny-mellon-standard-bank-launch-naira-denominated-notes-for-global-investors/#respond Thu, 19 Jun 2025 16:30:05 +0000 https://nairametrics.com/?p=517495 Bank of New York Mellon Corp. (BNY Mellon), alongside Standard Bank Group Ltd., has launched global depositary notes backed by Nigerian sovereign debt denominated in naira.  

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]]> https://nairametrics.com/2025/06/19/bny-mellon-standard-bank-launch-naira-denominated-notes-for-global-investors/feed/ 0 517495 FAAC: FG, States, LGCs share N1.659 trillion May revenue  https://nairametrics.com/2025/06/18/faac-fg-states-lgcs-share-n1-659-trillion-may-revenue/ https://nairametrics.com/2025/06/18/faac-fg-states-lgcs-share-n1-659-trillion-may-revenue/#respond Wed, 18 Jun 2025 17:56:49 +0000 https://nairametrics.com/?p=517449 The Federation Account Allocation Committee (FAAC) has distributed a total of N1.659 trillion as Federation Account revenue for May 2025. 

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]]> https://nairametrics.com/2025/06/18/faac-fg-states-lgcs-share-n1-659-trillion-may-revenue/feed/ 0 517449 CBN says forbearance-affected banks under close supervision  https://nairametrics.com/2025/06/18/cbn-says-forbearance-affected-banks-under-close-supervision/ https://nairametrics.com/2025/06/18/cbn-says-forbearance-affected-banks-under-close-supervision/#respond Wed, 18 Jun 2025 05:25:20 +0000 https://nairametrics.com/?p=517388 The Central Bank of Nigeria (CBN) has confirmed that banks currently affected by forbearance measures are under close supervision. 

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]]> https://nairametrics.com/2025/06/18/cbn-says-forbearance-affected-banks-under-close-supervision/feed/ 0 517388 Crude becomes Nigeria’s third largest import as local refineries seek foreign oil  https://nairametrics.com/2025/06/17/crude-becomes-nigerias-third-largest-import-as-local-refineries-seek-foreign-oil/ https://nairametrics.com/2025/06/17/crude-becomes-nigerias-third-largest-import-as-local-refineries-seek-foreign-oil/#comments Tue, 17 Jun 2025 09:15:06 +0000 https://nairametrics.com/?p=517338 Nigeria spent N1.19 trillion importing crude oil in the first quarter of 2025, making it the third most imported commodity in the country during the period, according to the National Bureau of Statistics (NBS). 

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]]> https://nairametrics.com/2025/06/17/crude-becomes-nigerias-third-largest-import-as-local-refineries-seek-foreign-oil/feed/ 2 517338 Benue food inflation drops to 22% despite deadly attacks   https://nairametrics.com/2025/06/17/benue-food-inflation-drops-to-22-despite-deadly-attacks/ https://nairametrics.com/2025/06/17/benue-food-inflation-drops-to-22-despite-deadly-attacks/#respond Tue, 17 Jun 2025 08:47:34 +0000 https://nairametrics.com/?p=517330 Benue State recorded the most significant decline in food inflation nationwide in May 2025, falling to 22.0% year-on-year from 51.8% in April, even amid ongoing violence and killings in parts of the state. 

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]]> https://nairametrics.com/2025/06/17/benue-food-inflation-drops-to-22-despite-deadly-attacks/feed/ 0 517330