Fidelity Bank Plc posted a sharp increase in impairment charges on financial assets in the first quarter (Q1) of 2026, as rising macroeconomic pressures and higher provisions for other assets weakened profitability despite strong growth in earnings and foreign exchange gains. An analysis of the bank’s financial results released on Monday shows that impairment charges …
Nigeria’s economic growth slowed in the first quarter of 2026 as gross domestic product (GDP) growth fell to 3.89 per cent from 4.07 per cent recorded in the fourth quarter of 2025. This is according to data released Monday by the National Bureau of Statistics (NBS). The latest figure, however, was higher than the 3.13 …
The National Information Technology Development Agency (NITDA) has distanced itself from CPM fund recovery claims, warning Nigerians against further payments tied to what it suggested could be fraudulent activity. In a public disclaimer issued on Monday, NITDA said it received reports that affected users of the platform were told the system had been “hacked” and …
The Centre for the Promotion of Private Enterprise (CPPE) has warned that growing calls for unrestricted importation of petroleum products could push Nigeria towards deindustrialisation, weaken domestic industries and deepen the country’s economic dependence on imports. In a statement on Sunday signed by its Chief Executive Officer, Muda Yusuf, the group argued that Nigeria risks …
A recent Supreme Court ruling on the powers of the National Inland Waterways Authority (NIWA) could significantly alter Nigeria’s investment landscape for waterfront developments by ending years of overlapping regulatory demands on land adjoining waterways, according to an analysis by the Chairman of Alliance for Economic Research and Ethics LTD/GTE, Dele Oye. In his analysis, …
Nigeria can still pull itself out of its growing debt crisis, but only if the government urgently increases revenue, stops borrowing for consumption and enforces strict fiscal discipline, the Alliance for Economic Research and Ethics LTD/GTE has said. The group stated this in a new policy brief titled “Debt Without Discipline: Nigeria’s Familiar Fiscal Trap …
Despite the Central Bank of Nigeria’s (CBN) decision to keep its benchmark interest rate unchanged, economic experts warn that Nigeria may be staring at a prolonged period of high borrowing costs, as stubborn inflation, rising geopolitical tensions and shifting global capital flows continue to threaten growth and cloud the economic outlook. At the end of …
The Centre for the Promotion of Private Enterprise (CPPE) has commended the Central Bank of Nigeria’s decision to keep interest rates unchanged, describing the outcome of the 305th Monetary Policy Committee (MPC) meeting as a balanced response to Nigeria’s inflation challenges. In a statement issued on Wednesday, May 20, Chief Executive Officer of CPPE, Dr …
From lived experiences with diabetes to warnings about rising illness among young Nigerians, CAPPA’s new documentary examines how sugary drinks became woven into everyday life — and the growing health cost of that culture. Living With Diabetes Beyond the Label For 26 years, diabetes has been part of Osarenkhoe Ethel Chima-Nwogwugwu’s life story. But she …
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, on Wednesday defended the bank’s policy direction on inflation, foreign exchange management, SME financing, banking recapitalisation, customer complaints and external reserves, insisting that recent economic pressures stem largely from external shocks and that ongoing reforms remain on course. Speaking while responding to journalists’ questions …
