Economic Growth - Skypenewsnaija

Rewane: Nigeria Experiencing Growth Without Prosperity, Citizens Getting Poorer

The Chief Executive Officer of Financial Derivatives Company Limited (FDC), Mr. Bismarck Rewane, has stated that Nigeria is experiencing growth without prosperity as citizens are getting poorer while the economy is growing amidst public financial pressure. He expressed these views in his presentation during the May edition of Lagos Business School Breakfast Session titled ‘Gulf […]

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May 9, 2026
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Economy

Economic activity expansion halts in April as PMI dips to 49.4 points

Economic activity in Nigeria slowed in April 2026, as the Purchasing Managers’ Index (PMI) fell to 49.4 points, dropping below the 50-point threshold that separates expansion from contraction. The Central Bank of Nigeria disclosed this in its latest PMI report, noting that the April figure marked the first contraction after 16 consecutive months of sustained […]

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April 30, 2026
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