Nigeria’s External Reserves to Fall to $47bn by 2026, Fitch Warns Amid Economic Pressures
Fitch Ratings has projected that Nigeria’s external reserves will decline to around $47 billion by the end of 2026, despite…
Category: Macroeconomic
Naira Strengthens to N1,365 per Dollar as Global Dollar Weakness Drives Market Gains
The naira appreciated to ₦1,365 per dollar on Thursday, extending gains as the U.S. dollar weakened across global markets. The…
Naira vs Pound Stability at N1,862 Signals Market Calm in Nigeria FX Market
The Nigerian naira showed relative stability against the British pound sterling, closing at N1,862/£1 in the official foreign exchange market…
Nigeria Poverty Rate Hits 63% in 2025 Despite Inflation Slowdown – World Bank Report Raises Economic Concerns
Nigeria’s poverty rate climbed to 63% in 2025, even as inflation showed signs of easing, according to a new World…
Kenya Central Bank Holds Interest Rate at 8.75% Amid Iran Conflict Uncertainty
Kenya’s Central Bank has decided to maintain its benchmark interest rate at 8.75%, pausing nearly two years of gradual cuts.…
Rising Oil Prices Hit Nigerians Hard as Post-Subsidy Economy Faces Test
Nigeria is feeling the full impact of rising global oil prices, with no fuel subsidy to soften the blow. Since…
South Africa Holds Interest Rate at 6.75% Amid Rising Inflation Risks from Iran Conflict
South Africa’s central bank has decided to maintain its policy rate at 6.75%, signaling caution as global energy shocks linked…
CBN Targets 6–9% Inflation Amid Global Risks: Strengthens Monetary Policy Framework
The Central Bank of Nigeria (CBN) has announced a medium-term inflation target of 6–9 per cent as part of its…
Nigeria’s Inflation Relief at Risk as Global Energy Shocks Threaten Prices
Nigeria’s headline inflation dipped slightly to 15.06% year-on-year in February 2026, down from 15.10% in January, offering a glimmer of…
Middle East Crisis Could Push Nigeria’s Inflation to 16% – Afrinvest Analysts
Analysts at Afrinvest West Africa have cautioned that Nigeria’s recent progress in taming inflation could be undone, projecting that headline…
Nigerians Struggle with Rising Costs Despite Banks Raising Savings Rates
Several Nigerian banks have increased their savings interest rates following recent changes to the Central Bank of Nigeria’s (CBN) monetary…
Nigeria Food Inflation Rises to 12.12% as Soaring Input Costs Hit Households
Nigeria’s food inflation climbed to 12.12 percent in February 2026, marking a sharp return to double-digit levels after briefly dropping…
Nigeria’s Inflation Expected to Slow in February as Food Supply Improves – Analysts
Analysts at Financial Derivatives Company (FDC) have projected a further slowdown in Nigeria’s inflation in February, citing improved food supply…
Nigerian Companies Report N19.81 Trillion Operating Expenses Amid Inflation and FX Pressures
Despite a gradual decline in Nigeria’s inflation rate to 15.51% and relative stability in the foreign exchange market, 20 listed…
Kenya’s Financial System Liquidity Hits Record KSh6 Trillion, Driven by Banking Sector Growth
Kenya’s financial system has hit a historic milestone, with total liquidity surpassing KSh6 trillion for the first time. According to…
Ghana’s Economy Shows Signs of Recovery as Cedi Stabilizes and Inflation Falls – BoG Governor
Ghana’s economy is showing clear signs of recovery after a challenging period of high inflation and currency instability, the Governor…
Iran War Threatens Nigeria’s Economic Recovery: The Fragility of Tinubunomics
As the war between the United States, Israel, and Iran intensifies thousands of kilometres away, Nigeria is already feeling the…
U.S. Dollar Surges Amid Middle East Tensions: Poised for Biggest Weekly Gain in a Year
The U.S. dollar held steady in early Asian trading on Friday, buoyed by escalating tensions in the Middle East that…
FG Sets Ambitious Goal: Manufacturing to Contribute 25% to Nigeria’s GDP by 2035
The federal government has unveiled a bold plan to significantly expand Nigeria’s manufacturing sector, targeting a contribution of 25 per…
Nigeria’s Economy Set to Grow 5.5% in 2026 as Inflation Falls to 6%
Nigeria is poised for stronger economic growth in 2026, with analysts projecting a full-year GDP increase of 5.55% and inflation…
Why the Naira Is Gaining Strength: Understanding the Link Between Bitcoin and Nigeria’s Currency Recovery
The Nigerian Naira is showing signs of recovery after years of volatility, with the currency trading around N1,340 per US…
Naira Depreciates to N1,340/$ as Parallel Market Hits N1,400/$ Amid Dollar Strength
The Nigerian naira recorded a marginal depreciation on Wednesday, trading at N1,340/$ at the official market, down from N1,337/$ the…
Nigeria’s Inflation Drops to 15% as Naira Stability Strengthens Investor Confidence
Nigeria’s inflation rate plunged to 15.10% in January 2026, marking a significant improvement from 27.61% in January 2024. Analysts credit…
Nigeria Food Inflation Falls to 14-Year Low at 8.89% as Price Pressures Ease
Nigeria’s food inflation rate has dropped to its lowest level in more than 14 years, offering a rare moment of…
Nigeria’s Inflation Set to Hit 18% in January, Analysts Warn of Temporary Spike
Analysts have projected that Nigeria’s headline inflation could climb to around 18 per cent in January 2026, defying the downward…
Nigeria Business Events This Week: January Inflation Report and Circular Economy Week in Focus
Nigeria’s business calendar is packed with high-profile events from February 16 to 21, offering insights into the country’s economic trends,…
Trump Tariffs Trigger Record $3.5 Billion Customs Bond Shortfall for U.S. Importers
A record number of U.S. importers are struggling to meet federal financial requirements due to tariffs introduced during former President…
Nigerian-American Chamber Summit 2026 Aims to Boost Economic Stability in Nigeria
The Nigerian-American Chamber of Commerce (NACC) is set to host its 2026 Annual Breakfast Roundtable in Lagos, targeting strategies for…
T-Bill Demand Surges Over 400% Amid Credit Squeeze in Nigeria’s Manufacturing Sector
Nigeria’s Treasury Bills have witnessed a staggering surge in demand, with the February 4 auction seeing subscriptions jump to about…
VAT Allocations to FG, States, LGAs Surge to N7.73 Trillion in 2025
Nigeria’s Federal Government, states, and Local Government Areas (LGAs) received a total of N7.73 trillion in VAT allocations in 2025,…