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Datanomics
@Datanomics
Business and economic development
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Lagos, Nigeria
Joined 12 November,2024
Posted.com.ng/Datanomi
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Datanomics
@Datanomics
News
BREAKING: AU launches African Credit Rating Agency
https://nairametrics.com/2026/...
697
21 hours
Datanomics
@Datanomics
News
𝐏𝐫𝐨𝐟𝐢𝐭 𝐀𝐟𝐭𝐞𝐫 𝐓𝐚𝐱 𝐮𝐩 𝟑𝟑%. 𝐍𝐍𝐏𝐂 𝐋𝐭𝐝'𝐬 𝐅𝐘𝟐𝟎𝟐𝟓 𝐫𝐞𝐬𝐮𝐥𝐭𝐬. 📌 2025 tested the resilience of the entire energy sector. NNPC Limited responded with focus, discipline, and delivery. We closed the year with a Profit After Tax of ₦7.2tn, up 33%, on revenue of ₦34.5tn, with EPS up 32% to ₦35.90. Revenue softened by 24%, reflecting lower crude oil prices and reduced white product volumes after petrol price deregulation in October 2024 removed our bulk-breaking role. Even so, remittances to government continued to rise, a clear demonstration of the value we ...
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1400
9 days ago
Datanomics
@Datanomics
News
PRESS RELEASE NNPC Delivers ₦7.2 Trillion Profit as Production Reaches Multi-Year Highs ...Declares ₦5.8 Trillion Dividend NNPC Limited today announced audited results for the year ended 31 December 2025, following its Annual General Meeting and second Earnings Call with financial and business analysts. The results underline the Company’s growing earnings capacity and operational momentum and provide a stronger platform for growth. Profit After Tax rose 33% to ₦7.2 trillion from ₦5.4 trillion in 2024, while revenue stood at ₦34.5 trillion. Read the full press release when you vi...
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1314
9 days ago
Datanomics
@Datanomics
News
Recovery: EFCC Hands Over N80m to Businessman The Ag. Zonal Director, Benin Zonal Directorate, Economic and Financial Crimes Commission, Deputy Commander of the EFCC, DCE Sa’ad Hanafi Sa’ad on Wednesday September 24, 2026 handed over a draft of N80 million to Ifeanyi Innocent Madueke, being money recovered by operatives of the Commission from Austine Muanya Okafor, who allegedly sold landed property to Madueke without delivering the property to him. Madueke, 42-year-old business man had purchased 146 acres of land in the sum N232,800,000.00 from Okafor at a community in Delta Stat...
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4058
14 days ago
Datanomics
@Datanomics
News
The 36 states and FCT generated ₦5.15 trillion in 2025, up 40.93% from ₦3.65 trillion in 2024. Full ranking, highest to lowest: 1. Lagos — ₦1.77 trillion 2. Rivers — ₦428.42 billion 3. Enugu — ₦406.77 billion 4. FCT — ₦356.34 billion 5. Ogun — ₦252.36 billion 6. Delta — ₦202.49 billion 7. Edo — ₦132.21 billion 8. Oyo — ₦103.25 billion 9. Kano — ₦102.26 billion 10. Akwa Ibom — ₦100.80 billion 11. Kwara — ₦95.36 billion 12. Kaduna — ₦86.75 billion 13. Abia — ₦70.41 billion 14. Jigawa — ₦66.73 billion 15. Niger — ₦66.37 billion 16. Katsina — ₦64.29 billion 17. Ondo — ₦60.32 bi...
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3671
14 days ago
Datanomics
@Datanomics
News
BREAKING: J.P. Morgan includes Nigeria in new emerging-market bond index with 7.4% weight J.P. Morgan has included Nigeria in its newly introduced Government Bond Index–Emerging Markets Edge (GBI-EM Edge), assigning the country a 7.4% weighting in the benchmark designed to track local-currency government debt across frontier emerging markets. This is according to J.P. Morgan’s Global Index Research report dated September 14, 2026 seen by Nairametrics. The inclusion puts Nigerian naira-denominated government bonds back into a J.P. Morgan emerging-market benchmark more than a decade af...
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1700
24 days ago
Datanomics
@Datanomics
News
𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗧𝗲𝗮𝗺 (𝗘𝗠𝗧) 𝗠𝗲𝗲𝘁𝗶𝗻𝗴 I chaired the Economic Management Team meeting earlier this week, where we approved the establishment of a committee to harmonise macroeconomic assumptions and projections used for economic planning across our fiscal and monetary institutions. This is designed to address a long-standing gap that has contributed to budget under-performance, and a key step toward stronger policy coordination and credible budget implementation. We also reviewed the state of the economy: 4.43% real GDP growth in Q2 2026, about 17% growth...
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1876
29 days ago
Datanomics
@Datanomics
News
Nigeria's Trade Surges to N41.44 Trillion with Record Surplus in Q2 2026 Nigeria's merchandise trade hit N41.44 trillion in the second quarter of 2026, up 5.61 percent from Q2 2025 and 19.13 percent from Q1, with exports at N27.02 trillion and imports at N14.42 trillion. This created a N12.59 trillion surplus, fueled by non-crude products like refined petroleum, jet fuel, natural gas, and urea reaching N14.11 trillion versus N12.91 trillion for crude. Government officials hailed the results as proof of President Tinubu's reforms, while skeptics noted ongoing issues like food prices and the...
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1174
1 month ago
Datanomics
@Datanomics
News
In this IPO, we intend to raise just a bit more than N2 trillion, which I'm sure is too small, at an offer of N525 with a minimum subscription of only 10 shares (N5,250) to fund our refinery expansion. This IPO is for the people. - Aliko Dangote
821
1 month ago
Datanomics
@Datanomics
News
Nigeria's Reserves Hit $54 Billion, Highest in 18 Years Central Bank of Nigeria data shows reserves reached $54.08 billion on September 3, 2026, up 18.7% from $45.57 billion at the year's start, driven by stronger oil earnings, remittances, and better forex liquidity. The naira has gained about 8% this year in official markets, with forecasts pointing to 1,290 per dollar by year-end. While some praise reforms under President Tinubu, others note that devaluation means the reserves hold less naira value than in past peaks like 2008. This story is a summary of posts on X and may evolve over ...
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1571
1 month ago
Datanomics
@Datanomics
News
Nigeria's Economy: The Verdict by Aliko Dangote “The economic reforms being implemented by the federal government are beginning to yield tangible results. We are witnessing improved economic activity, stronger investor confidence, increased industrial productivity, and a more resilient business environment. “These measures are laying a solid foundation for sustainable economic growth and long-term prosperity for Nigeria.” Dangote explained that the reforms had created a more enabling operating environment for businesses, particularly large-scale manufacturing and industrial enterpris...
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2001
1 month ago
Datanomics
@Datanomics
News
Naira Forecast for Strongest Gain in Nearly a Decade Bloomberg reports the naira, recently at 1,328.92 per dollar, could gain 12% overall this year thanks to higher oil prices and rising remittances. Supporters like presidential aide Bayo Onanuga call it welcome progress, while critics highlight how it traded much stronger in 2023 before exchange rate unification caused depreciation. Despite recent strengthening and growing reserves, many note ongoing high living costs make the improvement feel limited for everyday Nigerians.
2515
1 month ago
Datanomics
@Datanomics
News
President Tinubu's economic reform earns another positive rating from Moody's Moody’s Ratings revised Nigeria’s credit outlook to positive, citing stronger-than-expected economic growth, Bloomberg has reported. The improvements reflect stronger external buffers and greater macroeconomic stability, while rising oil production is expected to boost growth in 2026 and 2027, according to a statement Friday. The credit grader also affirmed the nation’s rating at B3, six levels below investment grade. The economic growth, “if sustained, would enhance the country’s capacity to absorb externa...
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3779
2 months ago
Datanomics
@Datanomics
News
Moody’s Upgrades Nigeria’s Credit Outlook to Positive Moody’s Ratings changed Nigeria’s sovereign credit outlook to positive from stable, citing stronger foreign exchange reserves at $53.3 billion, a wider current account surplus, and 4 percent growth in 2025 that beat forecasts. Inflation dropped to 15.4 percent in July, helped by higher oil prices and refined exports. Finance Minister Taiwo Oyedele highlighted fuel subsidy removal and exchange rate unification as key drivers, while public views split between hopes for investment and calls for relief on daily costs like food and fuel.
1834
2 months ago
Datanomics
@Datanomics
News
NO MORE HIDING BEHIND NIGERIA’S NATIONAL NUMBERS. I think it is time for the @NBS_Nigeria to lead a subnational statistical revolution. Nigeria cannot continue to discuss development almost exclusively through national averages when the country is a federation of 36 states, the FCT and 774 local governments, each with vastly different economic structures, resources and governance outcomes. National aggregates can conceal subnational failure just as easily as they reveal national progress. If Nigeria’s GDP grows, which states are driving that growth? If poverty falls, where is ...
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2149
2 months ago
Datanomics
@Datanomics
News
From the beginning I disagreed with the choice of Dele Alake as minister (Solid minerals) because he is a media person who knows next to nothing about mining. However today, he knows more about mining than myself; he talks like a mining engineer. He's succeeding as a minister because he learnt a lot from his boss (Tinubu), shared in his visions and directions. Invariably, through the support we got from Mr President, we have built the biggest lithium processing plant, not only in Nigeria but in the whole of Africa and we have to give the credit to the president for that. We no longer have to ...
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1084
2 months ago
Datanomics
@Datanomics
News
Updated IMF Growth Forecasts for 2026: US: 2.3% Germany: 0.7% France: 0.6% UK: 1.0% China: 4.6% Japan: 0.6% India: 6.4% Russia: 1.1% Brazil: 2.4% Saudi Arabia: 1.7% Nigeria: 4.1% Explore the full projections.
780
3 months ago
Datanomics
@Datanomics
News
CBN reports steady progress in banking sector recapitalization
833
7 months ago
Datanomics
@Datanomics
News
Nigeria’s food inflation drops to single digit of 8.89%, lowest in over 14 years -
https://nairametrics.com/2026/02/16/nigerias-food-...
1207
8 months ago
Datanomics
@Datanomics
News
In Q2 2025, total capital importation into Nigeria stood at US$5,120.50 million, higher than US$2,604.50 million recorded in Q2 2024, indicating an increase of 96.60%. In comparison to the preceding quarter, capital importation decreased by 9.24% from US$5,642.07 million in Q1 2025. In Q3 2025, total capital importation into Nigeria stood at US$6,014.77 million, higher than US$1,252.66 million recorded in Q3 2024, indicating an increase of 380.16%. In comparison to the preceding quarter, capital importation increased by 17.46% from US$5,120.50 million in Q2 2025. Read the Capital Impor...
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1160
8 months ago
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