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Friday, February 13, 2026
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CATEGORY

Economy

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

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...

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

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

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

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...

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

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...

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

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...

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

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...

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

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...

S&P Global Raises Nigeria’s Credit Outlook to Positive as Economic Reforms Gain Traction

S&P Global Ratings revised its outlook on Nigeria to "positive" from "stable" on Friday, backing the country's ongoing economic reforms, and also affirmed the...

Federal Government Suspends 15% Import Duty on Petrol and Diesel

The Federal Government has suspended the planned 15% import duty on petrol and diesel, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority...

Tax Policy: Taiwo Oyedele Provides Clarity on Capital Gains Tax to Restore Investor Confidence

Taiwo Oyedele, Chairman, Presidential Fiscal Policy and Tax Reforms Committee, is providing clarity on the Capital Gains Tax and hoping to restore investor confidence...

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