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Economy

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...

Tinubu Reforms Power Nigeria Stocks Past New Zealand as Bonds Crush EM Peers

Nigeria's stocks, bonds and naira are surging as investors embrace President Bola Tinubu's economic overhaul. Nigeria's NGX All-Share Index has rocketed 66% in dollar terms...

Nigeria Finance Chief Oyedele Rules Out Subsidies, Price Controls in Paris Investor Pitch

Nigeria’s new Finance Minister Taiwo Oyedele pledged to maintain his predecessor’s market reforms, ruling out a return to fuel subsidies or price controls while...

Banks Park Record ₦24.13 Trillion with CBN as Real Sector Lending Stalls

Nigeria’s largest banks packed a record ₦24.13 trillion in cash deposits with the Central Bank of Nigeria (CBN) by the end of December 2025. This...

CBN’s New BVN Rules Kick In, Ushering Tighter Fraud Controls From May 1

The Central Bank of Nigeria (CBN) rolls out stringent Bank Verification Number (BVN) guidelines effective May 1, 2026, aiming to slash fraud and bolster...

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...

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