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Economy

Economy

Nigeria’s Dollar Reserves Hit $45 Billion, Highest in Six Years as CBN Reforms Reduce Sovereign Risk

Bala Augie -
The Central Bank of Nigeria’s (CBN) dollar reserves have risen to the highest level in six years on the apex bank's policy reforms momentum. Gross...
Economy

CBN’s New Cash Policy: A Welcome Liberalisation or a Risky Retreat?

Bala Augie -
BY BLAISE UDUNZE On December 2, 2025, the Central Bank of Nigeria (CBN) announced a policy that significantly departs from the cash-restriction measures Nigerians have...
Economy

Nigeria Unveils N54.43 Trillion 2026 Budget with Debt Service Taking 29% of Total Spending

Bala Augie -
The Federal Government has unveiled a proposed budget plan of N54.43 trillion ($36.2 billion) out of which debt service alone will consume 29.2 per...
Economy

CBN Raises Weekly Cash Withdrawal Thresholds to N500K/N5M as Special Authorizations Are Ended

Bala Augie -
The Central Bank of Nigeria (CBN) has raised the weekly cash withdrawal limit across all channels to N500,000, up from N100,000 and N5 million...
Economy

Nigeria’s GDP Rises 3.98% in Q3 2025 Driven by Agricultural Output and Services

Bala Augie -
The National Bureau of Statistics (NBS) released the GDP report for the third quarter (Q3) of 2025, which indicated that the Nigerian economy expanded...
Economy

CBN’s Cardoso Signals Rate Cuts Back on Table in 2026 If Disinflation Holds

Bala Augie -
Nigerian central bank Governor Olayemi Cardoso hinted that policymakers could resume interest-rate cuts next year, provided inflation continues to cool as expected. “Our models project continued disinflation...
Economy

CBN Corridor Tweak Lowers Short-Term Borrowing Costs for Nigerian Banks, Set to Spur Credit Growth

Bala Augie -
The Central Bank of Nigeria's (CBN) decision to maintain the benchmark Monetary Policy Rate (MPR) but sharply adjust the Standing Facility corridor is a...
Economy

Nigeria’s Central Bank Poised to Cut Benchmark Rate as Inflation Eases to 16%

Bala Augie -
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria is poised to extend its easing cycle at its fifth and final meeting of...
Economy

Nigeria Trade with Africa Jumps 14%, Reflecting Improved Regional Integration

Bala Augie -
Nigeria trade with other Africa nations grew 14% in the first half of the year, after the government strengthened regional ties, the country’s head...
Economy

Nigeria’s Headline Inflation Moderates to 16.1% in October, Easing Pressure on Consumers

Bala Augie -
Nigeria's inflation continued its deceleration, moderating to 16.1% year-on-year (YoY) in October compared to 18.0% in the prior month, according to the latest CPI...
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