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Economy

IMF Says Naira is 25.6% Undervalued; Estimates REER Fair Value at N1,142/$

The International Monetary Fund (IMF) has said the Nigerian naira remains significantly undervalued, trading about 25.6% below the level implied by economic fundamentals despite...

Nigeria Tax Revenue Jumps 49% to ₦15.8 Trillion on Sweeping Overhaul, Oil Windfalls

Nigeria's revenue surged 49% in the first five months of the year, exceeding government projections as an overhaul of the tax system and new...

Nigeria Inflation Slows to 15.93% in May 2026 as Food Price Growth Eases, But Upside Risks Loom

The National Bureau of Statistics reported that the Consumer Price Index increased to 15.93% in May 2026, up from 15.69% in April 2026, reflecting...

IMF Flags Fiscal Risks in Nigeria’s $5 Billion Debt Swap, Urges Tight Monetary Policy

The International Monetary Fund (IMF) has strongly advised the Central Bank of Nigeria (CBN) to keep its restrictive monetary policy settings active for a...

Nigeria Posts Record ₦7.55 Trillion Trade Surplus as Dangote Refinery Erases Fuel Import Drag

Nigeria has recorded its largest merchandise trade surplus in recent economic history. Data released by the National Bureau of Statistics (NBS) shows the country’s...

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...

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