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Wednesday, August 5, 2026
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CATEGORY

Economy

Lilypond Customs Records $792.5m Export Value in Second Quarter

The Lilypond Export Command (LEXC) of the Nigeria Customs Service (NCS) says it recorded export value of 792.56 million dollars in the second quarter...

CBN Declares Stable Forex Market, Says $52.5bn Reserves Show Economy is Improving

The Central Bank of Nigeria (CBN) says the recent stability in the foreign exchange market, rising external reserves, easing inflation show, are its ongoing...

NEC Approves Refinancing of $3.3bn Project Gazelle

The National Economic Council (NEC) has approved the refinancing of the 3.3 billion dollars Project Gazelle Pre-Export Finance Facility through a new 4.5 billion...

Nigeria Revenue Service Issues Landmark Guidelines for Cryptocurrency and Virtual Asset Taxation

The Nigeria Revenue Service (NRS) has released comprehensive administrative guidelines governing the taxation of virtual assets such as cryptocurrency, establishing a structured compliance framework...

Central Bank of Nigeria to Transition to Inflation Targeting by 2028

The Central Bank of Nigeria (CBN) said plans to shift to an inflation-targeting regime haven’t been derailed by price pressures emanating from the Iran...

Ghana, Egypt, and Ethiopia Lead Africa Currency Slide Amid Middle East War

African foreign exchange markets have come under severe selling pressure since the onset of the Middle East conflict, as escalating energy prices, supply chain...

CBN Monetary Policy Committee Highlights Macro Resilience as Reserves Hit $52.5 Billion

In its post-meeting assessment following the July 21, 2026 decision to hold the Monetary Policy Rate (MPR) at 26.50%, the Monetary Policy Committee (MPC)...

Nigeria Targets Record 3 Million Bpd Oil Output by 2030

Nigeria is set to ramp up crude oil production to 3 million barrels per day by 2030, according to the country’s upstream regulator, which...

Cardoso Targets $1 Billion Monthly Diaspora Remittance to Cement Reserves Rebound

Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has projected that diaspora remittances will surge by two-thirds over the remainder of the year. The apex...

Nigeria’s June Headline Inflation Eases to 15.91% as Core Price Pressure Relents

Nigeria's persistent battle with consumer price index (CPI) growth logged a modest victory last month as headline inflation ticked downward for the first time...

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