nigeria power sector shrinks

Nigeria Power Sector Shrinks 10.63% as Economic Growth Fails to Reach Electricity

Nigeria’s power sector contracted by 10.63% in Q2 2026, extending its decline for a second consecutive quarter even as the wider economy recorded stronger growth. The figures raise a bigger question than the latest contraction: can Nigeria sustain economic growth without fixing its electricity supply chain? Power Sector Moves in the Opposite Direction According to…

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nigeria inflation rate july 2026

Nigeria’s Inflation Is Falling, But the Power Target Could Decide Whether Businesses Actually Feel Relief

Nigeria is getting two pieces of economic news that appear positive on paper but could have very different meanings for households and businesses. Headline inflation fell from 15.91 per cent in June to 15.43 per cent in July, according to the National Bureau of Statistics. But food inflation moved in the opposite direction, rising to…

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