In a renewed push to harmonise Nigeria's fiscal and monetary strategies, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, held a high-level meeting with the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, on Mo… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Finance minister, CBN governor meet to align on inflation, economic stability By Abiodun Abdullahi on June 17, 2025 In a renewed push to harmonise Nigeria's fiscal and monetary strategies, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, held a high-level meeting with the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, on Monday in Abuja. The meeting comes on the heels of the latest inflation figures, which showed a decline to 22.97% in May 2025, signalling early signs of economic stability. According to a statement from the Ministry of Finance spokesperson, Mohammed Manga, both officials discussed key strategies to sustain the decline in inflation, stabilise prices, boost investor confidence, and promote private sector-led growth. Read also "This meeting underscores the Ministry's commitment to collaborative economic management, signalling a renewed focus on driving sustainable growth and development in Nigeria," the statement read. The engagement highlights a broader intent to deepen coordination between fiscal and monetary authorities as Nigeria works to restore macroeconomic confidence and unlock long-term investments.

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Over the weekend, Nigeria's key crude oil grades Bonny Light, Brass River, and Qua Iboe climbed above $77 per barrel, spurred by Israel's military strikes on Iran that heightened fears of a broader Middle East conflict.Bonny Light hit $78.62Brass Rive… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Nigeria's crude oil prices surge amid middle east tensions By Busola Bamidele on June 17, 2025 Over the weekend, Nigeria's key crude oil grades Bonny Light, Brass River, and Qua Iboe climbed above $77 per barrel, spurred by Israel's military strikes on Iran that heightened fears of a broader Middle East conflict. Bonny Light hit $78.62 Brass River reached $77.09 Qua Iboe rose to $77.14 These prices mark a sharp increase from recent averages around $65 per barrel, and they exceed Nigeria's 2025 budget benchmark of $75 by over $2, potentially providing short-term fiscal relief. However, energy analysts caution that higher crude prices may lead to increased local fuel costs, as the expense of importing or refining crude oil rises. The surge is directly linked to renewed geopolitical instability in the Middle East.

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Nigeria's inflation rate declined to 22.97% in May 2025, down from 23.71% in April, marking the second consecutive monthly drop, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS).The decline … Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Nigeria's inflation rate drops to 22.97% as economic reforms take hold By Busola Bamidele on June 17, 2025 Nigeria's inflation rate declined to 22.97% in May 2025, down from 23.71% in April, marking the second consecutive monthly drop, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). The decline is attributed to stability in the foreign exchange market, reduced energy costs, and improved agricultural output. Food inflation slightly eased to 21.14%, while core inflation excluding volatile items—fell significantly to 22.28% from 23.39% in April. In response, Minister of Finance Wale Edun and CBN Governor Olayemi Cardoso met at the Central Bank headquarters to strengthen coordination between fiscal and monetary policies. Their discussions focused on consolidating price stability and ensuring macroeconomic reforms deliver real economic benefits. Read also: Nigeria's inflation rate drops to 22.97% as economic reforms take hold FG sets sights on industrial revival, jobs, investor confidence APPLY NOW: Sales Executive APPLY NOW: Brands & Communications Officer APPLY NOW: Production Analyst The month-on-month inflation rate also slowed to 1.53%, down from 1.86% in April, reflecting a moderation in the pace of price increases. Major contributors to headline inflation were food and non-alcoholic beverages (9.20%), restaurants and accommodation services (2.97%), and transport (2.45%). Experts say the downward trend is encouraging but stress the need for sustained policy alignment to anchor inflation expectations and drive inclusive growth.

SMALL BUSINESS INSIGHTS © 2025. Unsubscribe or manage your email subscriptions. Get the Jetpack app Subscribe, bookmark, and get real‑time notifications - all from one app! Automattic, Inc. 60 29th St. #343, San Francisco, CA 94110