Nigeria moved into a borrowing position in 2025 after a sharp drop in foreign investment inflows and rising payments to investors weakened its financial account. This was disclosed by the Central Bank of Nigeria (CBN) in its latest balance of payments report. The decline happened even as the country’s external reserves increased, pointing to pressure …
Global investors and development financiers have praised reforms in Nigeria’s financial sector, describing them as credible and confidence-boosting. They made the comments at the Africa Capital Forum held at The Peninsula London on the sidelines of President Bola Tinubu’s state visit to the United Kingdom (UK). Speaking at the high-level forum, the British Deputy High …
Escalating tensions between the United States, Israel and Iran have triggered volatility across African equity markets, as investors retreat from risk assets and reposition into safe havens. Markets from Lagos to Johannesburg have recorded sell-offs, cautious trading and sector rotations, driven by surging oil prices, currency pressure and global uncertainty. Brent crude has climbed on …
The Nigerian Exchange (NGX) has revealed plans to overhaul free-float requirements as part of a broader strategy to deepen Nigeria’s equity market and attract more investors. The NGX Group Chief Executive Officer, Temi Popoola, made this known, according to a report by Bloomberg He hinted that the exchange is working closely with the Securities and …
The recent escalation of tensions in the Middle East, between the United States (US) and Iran, is raising fresh concerns that the Central Bank of Nigeria (CBN) may be forced to reconsider its plans to continue lowering benchmark interest rates, as rising oil prices and inflation risks ripple through the global economy. A senior market …
In a series of regulatory guidelines issued last week, the Central Bank of Nigeria (CBN) introduced new measures aimed at strengthening security, transparency and consumer protection across Nigeria’s financial services sector. Released through several circulars between March 10 and March 13, 2026, the new rules cover areas including instant payments, ATM deployment, fraud monitoring, Bank …
Nigeria’s headline inflation rate declined slightly to 15.06 per cent in February 2026, indicating a continued but gradual easing of price pressures across the economy. Data released on Monday by the National Bureau of Statistics (NBS) showed the rate slipped by 0.04 percentage points from 15.10 per cent recorded in January. Although marginal, the drop …
The Centre for the Promotion of Private Enterprise (CPPE) has outlined measures businesses and government can adopt to cushion the impact of rising petroleum product prices. CPPE Chief Executive Officer Muda Yusuf made the recommendations in an advisory note issued on Sunday, March 15. He warned that the escalating cost of energy could further strain …
Sacked former deputy governor of the Central Bank of Nigeria (CBN), Bala Bello, has expressed gratitude to President Bola Tinubu following his appointment as Special Adviser to the President on Political Economy. According to Bello, the new role will allow him to contribute more directly to the administration’s reform agenda. It will also allow him …
Warnings of severe flooding in 2026 are casting a spotlight on infrastructure resilience in Edo State, even as the government ramps up spending on roads, bridges and public assets aimed at stimulating economic activity. The Nigerian Meteorological Agency (NiMet) has predicted above-normal rainfall during the 2026 rainy season, identifying Edo as one of the states …
