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CATEGORY

Economy

Nigeria’s Capital Importation Surges 84% to Record $10.37bn in Q1 as FPI Dominates Inflows

Nigeria's capital importation surged 83.80% year-on-year to a record $10.37 billion in Q1 2026, up from $5.64 billion in Q1 2025 and rising 61.00%...

Moniepoint CEO Plots Shift From Payment Movements to Layered Data-Driven Credit

...as Cardoso Launches PSV 2028 As the Central Bank of Nigeria (CBN) officially rolled out its ambitious Nigeria Payments System Vision (PSV) 2028 framework in...

Oil Rally Spurs Nigeria to Weigh Refinancing High-Cost Debt on Favorable Market Conditions

Nigeria plans to refinance high-cost debt and raise funds to help plug its budget deficit, leveraging strong investor confidence amid elevated oil prices fueled...

Nigeria GDP Grows 3.9% in Q1, 2026 as Oil and Non-Oil Sectors Improve

Nigeria’s economy expanded 3.9% year on year in the first quarter (Q1) of 2026, up from 3.1% a year earlier, as both oil and...

S&P: Dangote Refinery Driving Nigeria’s Economic Resurgence

The Dangote Petroleum Refinery & Petrochemicals is emerging as a major driver of Nigeria’s improving economic outlook, following the country’s sovereign credit rating upgrade...

Nigeria Dollar Reserves Rise to $49.49 Billion in May, CBN Says

Nigeria’s gross external reserves climbed to $49.49 billion as of May 15, up from $48.35 billion at the end of March, Central Bank of...

Central Bank of Nigeria Retains Monetary Policy Rate at 26.5%

The Central Bank of Nigeria (CBN) Wednesday retained the Monetary Policy Rate (MPR), benchmark interest rate, at 26.5 per cent. The apex bank also retained...

Nigeria’s Over ₦130 Trillion Credit Deficit Stifling Growth of 39 Million MSMEs, says Oye

The Chairman of the Alliance for Economic Research and Ethics LTD/GTE, Dele Oye, has said that Nigeria’s over ₦130 trillion credit deficit is stifling...

Nigeria Oil Output Stays Below OPEC Quota as Revenue Risks Mount

Nigeria pumped 1.49 million barrels a day of crude in April, still below its OPEC quota of 1.50 million barrels a day for a...

Nigeria Inflation Edges Higher to 15.69% in April as Food Prices Keep Pressure On

Nigeria’s headline inflation accelerated slightly in April 2026, rising to 15.69% year on year from 15.38% in March, as higher food prices kept overall...

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