News
World Bank Lauds Nigeria's Economic Reforms, Pledges Deeper Partnership
1+ mon, 1+ week ago (562+ words) Nigeria has emerged as a global reference point for steady and credible economic reform leadership, the World Bank said on Tuesday. This comes as the global lender pledged a deeper partnership with Nigeria. Anna Bjerde, the bank's Managing Director of…...
Cardoso Says Banking Reforms Strengthening Nigeria’s Economy
3+ day, 7+ hour ago (434+ words) Speaking at the Distinguished Alumni Lecture during the Founders" Day celebration of St. Gregory"s College in Lagos, Cardoso emphasised that strong institutions and disciplined policy frameworks remain crucial for sustainable economic growth. Delivering a lecture titled "Strong Foundations: From…...
CBN’s Lending Rate Cut Sparks Optimism For Investment, Business Expansion
6+ day, 21+ hour ago (778+ words) Nigeria's monetary policy landscape may be entering a new phase as the Central Bank of Nigeria (CBN) cautiously begins to ease borrowing costs, raising optimism among investors, businesses and financial market operators. After nearly two years of aggressive tightening aimed…...
INTERVIEW: Interest Rate Uncertainty Fuelling Equity Market Rally — Mike Eze
1+ week, 3+ day ago (1578+ words) The 2025 financial year was a landmark period for the Nigerian financial sector. How would you summarize the market's performance, and what were the fundamental drivers behind that activity? When reviewing the capital market performance of 2025, one must recognize that the…...
Uwaleke Backs CBN Lending Rate Cut, Says Decision Will Boost Confidence
2+ week, 5+ day ago (629+ words) The President of the Capital Market Academics of Nigeria, Professor Uche Uwaleke has described the Monetary Policy Committee's (MPC) decision to reduce the benchmark interest rate by 50 basis points as a cautious and credibility-building move, arguing that the Central Bank…...
CBN-Led Bank Recapitalisation Accelerates Nigeria’s Push For $1tn Economy
2+ week, 12+ hour ago (1373+ words) By March 31, the ongoing recapitalisation of banks driven by the Central Bank of Nigeria (CBN) will be over. Seen as one of the most ambitious exercises embarked on by the apex bank under the leadership of its Governor Olayemi Cardoso,…...
CBN's MPR Reduction'll Improve Access To Housing Finance, Says HDAN
2+ week, 3+ day ago (414+ words) The Housing Development Advocacy Network (HDAN) has disclosed that the decision of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to reduce the Monetary Policy Rate (MPR) by 50 basis points from 27.00 per cent to 26.50 per cent…...
CBN Lowers Interest Rate To 26.5% Amid Easing Inflation
2+ week, 5+ day ago (420+ words) The Central Bank of Nigeria has reduced its benchmark interest rate by 50 basis points to 26.5 percent, reflecting growing confidence that inflationary pressures are gradually easing. The move marks the second rate cut in five months, signaling a cautious shift toward…...
NGX: Foreign Inflows Jump 245% To N1.4tn Amid Heavy Portfolio Rebalancing
1+ mon, 6+ day ago (883+ words) Renewed Offshore Interest Lifts NGX Transactions To N11.9trn Foreign portfolio investors injected about N1.4trn into Nigeria's equities market in 2025, representing a 245.17 per cent increase from N396.41bn recorded in the corresponding period of 2024, according to data from the Nigerian Exchange (NGX). An NGX Foreign…...
Food Inflation Slows To 8.89% As Prices Of Staples Fall
3+ week, 6+ day ago (397+ words) Nigeria's headline inflation rate edged down marginally to 15.10 per cent in January 2026, from 15.15 per cent in December 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Monday. The decline comes amid…...