32.2 C
Lagos
Friday, April 24, 2026
- Advertisement -spot_img

CATEGORY

Economy

Citi’s Cowan Calls Nigeria the “Unambiguous Winner” From Iran Conflict

Citi’s Senior Africa Economist, David Cowan, has identified Nigeria as the primary economic beneficiary in Sub-Sahara Africa from the ongoing Iran-Israel-U.S. conflict. While the war...

Tinubu Sacks Finance Minster Wale Edun, Appoints Oyedele as Replacement

Nigerian President Bola Ahmed Tinubu has reshuffled his cabinet and relieved Minister of Finance and Coordinating Minister of the Economy Wale Edun of the...

Cardoso Vows Single-Digit Inflation Target Despite Global Energy Shock

At the IMF Spring Meetings in Washington, Central Bank of Nigeria (CBN) Governor Olayemi Cardoso reaffirmed his "orthodox" commitment to dragging inflation back to...

Inflation Flash: Nigeria March CPI Rises to 15.38% as Core Pressures Accelerate

Nigeria’s inflation trajectory hit a fresh bump in March 2026, with the Headline Inflation rate climbing to 15.38%, a 32-basis-point increase from February's 15.06%. While...

Don’t Spend Windfall, World Bank Advises Nigeria Government

The World Bank or the “Bank” has advised the Nigeria government not to spend the windfall or excess revenue from the spike in crude...

Mission Accomplished: CBN Ends Recapitalization as 33 Banks Raise ₦4.65 Trillion

The Central Bank of Nigeria (CBN) has officially concluded its 24-month banking sector recapitalization programme, marking a historic shift in the nation's financial architecture. Since...

Nigeria’s Apapa, TinCan Island Ports to be Refurbished With $997mn UK Export Financing

Nigeria’s two busiest ports, the Apapa and the TinCan Island Port Complex in Lagos, will be modernized by a 746 million pound ($997 million)...

Nigeria’s February Headline Inflation Inches Down to 15.06% as Core Prices Retreat

Nigeria's inflation trajectory showed a complex divergence in February 2026. While the Headline Inflation rate recorded its second consecutive monthly decline—falling marginally to 15.06%—a...

Nigeria and Angola Lead Africa Sovereign Bond Recovery on $83 Crude Tailwind

African sovereign dollar bonds extended their recovery as global investors pivoted toward the continent’s oil-producing nations as a strategic hedge against the escalating US/Israel-Iran...

Central Bank of Nigeria Adds Locally Refined Gold to Reserves as Stockpile Hits $3.5bn

The Central Bank of Nigeria (CBN) has achieved a major strategic milestone by increasing its total gold holdings to $3.5 billion. This announcement, made by...

Latest news

- Advertisement -spot_img