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CATEGORY

Economy

Central Bank of Nigeria Reports 772% Surge In Net Dollar Reserves To $34.8bn

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Monday, disclosed that Nigeria’s net foreign exchange reserves rose sharply by...

Nigeria’s GDP Expanded by 3.9% in 2025 – NBS

The National Bureau of Statistics (NBS) released the GDP report for 2025, which indicated that the Nigerian economy expanded by 3.9% YoY (vs 3.4%...

MTN Nigeria’s ₦1 Trillion Capital Expenditure and ₦878 Billion Tax Payment Drive Economic Impact

MTN Nigeria Communications Plc has released its audited 2025 financial results, revealing a corporate performance that serves as a cornerstone for the Nigerian economy. Beyond...

CBN Intervenes to Slow Naira’s Surge Toward ₦1,000 as Shettima Warns Dollar Hoarders

Nigeria Vice President Kashim Shettima revealed on Tuesday, February 24, 2026, that the Central Bank of Nigeria (CBN) intentionally acted to slow down the...

Nigeria’s External Reserves Hit 13-Year High of $50.45 Billion

In a major boost to Nigeria’s macroeconomic stability, the Central Bank of Nigeria (CBN) has announced that the nation’s gross external reserves have surged...

CBN Cuts Monetary Policy Rate by 50bps to 26.5%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) at its 304th meeting voted to cut its Monetary Policy Rate (MPR)...

President Tinubu Signs Executive Order For Direct Remittance of Oil and Gas Revenues to FAAC

President Bola Tinubu signed a landmark Executive Order (EO) that effectively dismantles the "source deduction" model introduced by the Petroleum Industry Act (PIA) of...

Catch-22: Why a Stronger Naira is a Win for Citizens but a Math Problem for Government

Aliko Dangote’s prediction that the Naira will strengthen to ₦1,100/$ in 2026 is anchored in a fundamental shift: the end of Nigeria's status as...

Nigeria’s Inflation Rate Drops To 15.10% in January 2026

Nigeria’s headline inflation eased slightly to 15.1 per cent in January 2026, down from 15.15 per cent in December 2025, the National Bureau of...

CBN Opens Official Dollar Vault to BDCs to Kill Black Market Premium

The Central Bank of Nigeria (CBN) has marked a historic turning point in its FX management strategy. On February 11, 2026, the apex bank...

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