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News
Non-crude exports overtake crude as trade surplus hits N12.6trn
1+ hour, 37+ min ago (785+ words) Nigeria’s non-crude exports surpassed crude oil exports in the second quarter of 2026, marking a significant shift in the composition of the country’s external trade as the nation recorded a N12.60 trillion merchandise trade surplus. Data from the National Bureau of Statistics showed…...
FG finally gives breakdown of subsidy removal, FX savings
2+ week, 4+ day ago (1356+ words) The President Bola Tinubu-led administration has finally unveiled a breakdown of the N15.8 trillion in savings from fuel subsidy removal and gains of other reforms over the last three years. The Federal Government said on Wednesday that the removal of petrol…...
CBN vows to sustain price, financial stability as reforms strengthen economy
1+ mon, 12+ hour ago (939+ words) The Central Bank of Nigeria has reaffirmed its commitment to safeguarding monetary and financial system stability, pledging to sustain policy measures aimed at curbing inflation, maintaining price stability and fostering long-term economic growth. The assurance was given during a one-day…...
CBN reiterates commitment to price, financial stability as reforms strengthen economy
1+ mon, 1+ day ago (939+ words) The Central Bank of Nigeria has reaffirmed its commitment to safeguarding monetary and financial system stability, pledging to sustain policy measures aimed at curbing inflation, maintaining price stability and fostering long-term economic growth. The assurance was given during a one-day…...
CBN FORECASTS STRONGER ECONOMY AS NIGERIA'S EXTERNAL RESERVES HIT $52.52BN
1+ mon, 2+ week ago (1687+ words) The Central Bank of Nigeria has assured Nigerians of stronger economy and ease of inflation soon. The apex bank made this known after retaining the Monetary Policy Rate at 26.5 per cent, maintaining its cautious monetary policy stance amid easing inflation,…...
Cardoso says FX market now requires limited CBN intervention
1+ mon, 3+ week ago (645+ words) The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the country’s foreign exchange market has become sufficiently liquid to function with minimal intervention from the apex bank, attributing the development to ongoing monetary and exchange rate reforms implemented…...
CPPE urges CBN to maintain 26.5% interest rate
1+ mon, 3+ week ago (675+ words) The Centre for the Promotion of Private Enterprise has advised the Central Bank of Nigeria to retain its current monetary policy stance at the forthcoming meeting of the Monetary Policy Committee, arguing that the latest inflation figures do not justify…...
IMF warns rising living costs may deepen poverty in Nigeria
1+ mon, 4+ week ago (618+ words) The International Monetary Fund has cautioned that increasing prices of essential goods could worsen poverty and food insecurity in Nigeria, despite improvements in the country’s macroeconomic environment and positive economic growth projections. The warning is contained in the IMF’s July…...
IMF warns rising living costs could deepen poverty in Nigeria
1+ mon, 4+ week ago (618+ words) The International Monetary Fund has cautioned that increasing prices of essential goods could worsen poverty and food insecurity in Nigeria, despite improvements in the country’s macroeconomic environment and positive economic growth projections. The warning is contained in the IMF’s July…...
CPPE predicts steady economic recovery, flags election risks
2+ mon, 1+ day ago (449+ words) The projection was contained in the organisation’s half-year economic review, which assessed the country’s economic performance during the first six months of the year and outlined expectations for the remainder of 2026. According to the report, Nigeria’s inflation rate is expected…...