Naira Strengthens to N1,359/$ Amid Improved Market Confidence
Nigeria’s naira recorded a modest appreciation in mid-week trading, closing at N1,359 per US dollar at the official foreign exchange…
Category: Macroeconomic
Naira Ends January Stronger at ₦1,386/$ in Official Market as FX Stability Improves
The naira closed the month of January 2026 on a positive note, strengthening against the United States dollar in Nigeria’s…
South-West States Unveil N8.7tn 2026 Budget Focused on Capital Projects and Economic Growth
The South-West states of Nigeria have proposed a combined budget of N8.7 trillion for 2026, with capital expenditure accounting for…
Nigeria’s Economic Reforms Set to Boost Consumer Spending and Drive Growth in 2026
Nigeria’s ongoing economic reforms are set to ignite consumer spending and business growth, according to the Mastercard Economics Institute (MEI).…
Central Bank of Kenya Plans KSh 50 Billion Bond Sale Amid Investor Interest Surge
The Central Bank of Kenya (CBK) is set to raise KSh 50 billion in February through the sale of long-term…
Nigeria’s N20.12 Trillion Budget Deficit Could Squeeze Private Sector Credit in 2026
Nigeria’s projected N20.12 trillion budget deficit for the 2026 fiscal year has raised alarms among financial analysts, who warn that…
Nigeria’s Money Supply Hits N124.4 Trillion as Currency Circulation Rises
Nigeria’s money supply (M²) rose by 1.2 percent month-on-month (MoM) to N124.4 trillion in December 2025, up from N122.9 trillion…
Nigeria Economic Growth 2026 Boosts Sub-Saharan Africa Outlook, Says IMF
The International Monetary Fund (IMF) has praised Nigeria’s ongoing economic stabilisation efforts, noting that they are starting to produce tangible…
Nigeria Launches “Back to the Farm” Initiative to Combat Food Insecurity
The Nigerian government has unveiled a bold new macro-strategy to tackle persistent food insecurity across the country. Vice President Kashim…
Nigeria Economic Outlook 2026: Report Projects Reform-Led Growth and Rising Investor Confidence
Nigeria’s economy is entering a phase of reform-driven stability that could strengthen growth and attract fresh investment, according to the…
Bank Lending Hits 14-Month Low Amid Recapitalisation Pressures in Nigeria
Nigeria’s banking sector recorded a sharp slowdown in credit extension, with total loans dropping to N52.656 trillion in June 2025,…
Nigeria Non-Oil Exports Hit $6.1 Billion in 2025 as Country Boosts Global Trade Presence
Nigeria’s non-oil export sector achieved a historic milestone in 2025, recording total earnings of $6.1 billion—an 11.5% increase from the…
Nigeria’s Economy Set to Grow by 4.4% in 2026 Amid Policy Reforms
Nigeria’s economy is on a steady recovery path, with the International Monetary Fund (IMF) projecting a growth rate of 4.4%…
IMF Raises Nigeria’s 2026 Economic Growth Forecast to 4.4%
The International Monetary Fund (IMF) has revised Nigeria’s economic growth forecast for 2026 upward to 4.4%, reflecting growing confidence in…
Asia-Pacific Markets Dip as Investors Eye Greenland Tensions and China Economic Data
Asia-Pacific markets mostly slipped on Monday, reflecting investor caution after heightened geopolitical tensions and key economic data from China. The…
Nigeria’s Economic Growth Remains Fragile Without Targeted Poverty Reduction Policies — World Bank
Nigeria’s recent economic recovery remains fragile and may fail to improve living standards unless deliberate policies are introduced to tackle…
Nigeria Eyes Interest Rate Cuts as Inflation Eases, Offering Relief to Strained Public Finances
Nigeria could soon see relief for its heavily burdened public finances as Finance Minister and Coordinating Minister of the Economy,…
FG Allocates N334.54 Billion for Contributory Pension in 2026 Budget
The Federal Government of Nigeria has earmarked N334.54 billion for contributory pension schemes across its agencies in the 2026 appropriation…
2026 Budget Shock: MDAs Add N3.5tn in New Projects Despite Federal Government Freeze
In a surprising turn, Nigeria’s 2026 budget reveals that Ministries, Departments, and Agencies (MDAs) have introduced at least N3.5 trillion…
FG Allocates N2.3 Trillion to Agriculture and Technology in 2026 Budget
The federal government has earmarked a total of N2.3 trillion for the Ministries of Agriculture and Food Security and Science,…
Nigeria’s Debt Service Set to Surpass N91 Trillion by 2028 Under Tinubu Administration
Nigeria’s federal government, under President Bola Tinubu, is on track to spend over N91 trillion on debt service between 2023…
NBS Engages Stakeholders Ahead of December Inflation Report as Temporary Price Spike Looms
The National Bureau of Statistics (NBS) is set to engage key stakeholders ahead of the release of Nigeria’s December inflation…
Nigeria Posts N12 Trillion Trade Surplus as Non-Oil Exports Soar 21% in H1 2025
Nigeria recorded a N12 trillion trade surplus in the first half of 2025, fueled by a 21 percent increase in…
Ghana’s Inflation Falls to Four-Year Low as Currency Surges
Ghana’s annual inflation eased to 5.4 percent in December 2025, marking the lowest rate since a consumer price rebasing exercise…
Global Wage Growth Hits 15-Year High as Inflation Eases, Boosting Workers’ Buying Power
Global wage growth surged to its fastest pace in over 15 years in 2024, offering a welcome relief to workers…
Naira Likely to Stay Under Pressure in 2026, Says Economist Yemi Kale
Economist Yemi Kale has warned that the Nigerian naira is likely to remain under pressure against the US dollar throughout…
Nigeria’s Economy Shows Signs of Stability, but Structural Weaknesses Remain — Yemi Kale
Nigeria’s economy is gradually finding its footing after years of volatility, but deep-seated structural weaknesses continue to hold back inclusive…
Nigerians Cut Household Spending by N14tn in 2024 Amid Surging Inflation
Household spending in Nigeria plummeted by a staggering N14 trillion in 2024 as soaring inflation ate into the purchasing power…
Dollar Inflows Into Nigeria’s FX Market Drop 21% as Foreign Investors Pull Back
U.S. dollar inflows into Nigeria’s official foreign exchange (FX) market fell sharply last week, signaling increased caution among foreign investors.…
Nigeria Tax Reforms Spark Security Alert as NRS Warns Against Misinformation
The Chairman of the Nigeria Revenue Service (NRS), Dr. Zacch Adedeji, has put the nation’s security agencies on high alert…