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Tuesday, October 27, 2026
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CATEGORY

Economics

Nigeria’s N7.7 Trillion Vanishing Act: More Revenue, More Interest, Less to Show

By BLAISE UDUNZE What makes Nigeria’s fiscal situation particularly troubling is the contradiction between the government’s growing financial obligations and citizens’ expectation that public revenue...

Nigeria’s Dollar Reserves Jump $3.7 Billion in a Day to 18-Year High of $58.8 Billion

Nigeria's gross foreign-exchange reserves jumped by about $3.7 billion in a single trading day to $58.8 billion, the highest level since 2008. The central...

NSDC Invests N2.2bn In Oyo Sugar Factory As Project Nears Commissioning

The National Sugar Development Council (NSDC) says it has invested about N2.2 billion in Oyo Sugar and Derivatives Industries Ltd. (OSDL), Iseyin. The NSDC said...

First Abu Dhabi Bank to Syndicate $5 Billion Nigeria Swap

First Abu Dhabi Bank (FAB), the United Arab Emirates’ largest lender, is looking to sell down part of its $5 billion total-return swap with...

CBN “Resets” Interest Rate To 23%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has announced a resetting of the baseline interest rate, the Monetary Policy...

Nigeria’s 26.5% Rate Trap as CBN Is Caught Between Inflation & Economy Crying for Credit

By BLAISE UDUNZE The Central Bank of Nigeria heads into its 307th Monetary Policy Committee meeting this week facing an economic contradiction that makes the...

Nigeria’s Local Bonds Join $328 Billion JPMorgan Frontier Index With 7.4% Weight

Nigeria has been assigned a 7.4% weight in JPMorgan Chase & Co.’s new GBI-EM Edge index, offering the country a fresh route back into...

Carry Trade Remains Intact as FPIs Inflow $18 Billion Into Nigerian OMO Assets

Total Foreign Portfolio Investors (FPI) holdings in Open Market Operations (OMO) bills is currently estimated between $18.0 billion and $20.0 billion (excluding private placement...

CBN Throws Open OMO Auctions to Retail Investors, Eases Discount Window Access and Revives Repo Market in Liquidity Overhaul

The Central Bank of Nigeria (CBN) unveiled a sweeping overhaul of its liquidity management framework on Wednesday, removing longstanding penalties on banks that tap...

CBN 2025 Group Profit Triples to ₦136.4 Billion as Balance Sheet Swells to ₦138.9 Trillion

The Central Bank of Nigeria's (CBN) freshly released 2025 annual report shows Group profit for the year came in at ₦136.44 billion, more than...

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