The Centre for the Promotion of Private Enterprise (CPPE) has warned that while the escalating conflict involving Iran, the United States and Israel could boost Nigeria’s oil revenues, it also poses serious inflation, exchange rate and capital flow risks for the economy. In a policy brief released on Sunday, March 1, the CPPE Chief Executive …
Nigeria’s Gross Domestic Product (GDP) grew by 4.07 per cent year-on-year in real terms in the fourth quarter (Q4) of 2025. This is according to the latest data released by the National Bureau of Statistics (NBS). The growth marked an improvement from the 3.76 per cent recorded in the same period of 2024 and the …
Kogi State Governor Usman Ododo has said the Ajaokuta Economic City will be fully operational by the end of 2026. He made the statement during the historic handover of the licence for the Ajaokuta Free Trade Zone at the Nigeria Export Processing Zones Authority (NEPZA) headquarters in Abuja on Thursday, February 26. Governor Ododo described …
The Lagos Chamber of Commerce and Industry (LCCI) has called for sustained efforts to remove impediments in Nigeria’s business environment and attract foreign direct investment (FDI) into critical sectors of the economy. The demand came following the Central Bank of Nigeria's (CBN) recent reduction of the benchmark interest rate. In a statement, the Chamber’s Director …
The Alliance for Economic Research and Ethics (AERE) has warned that the naira’s rebound could falter if rising debt and weak fiscal discipline persist. It raised the concern in a statement issued on Wednesday, February 25 and signed by its chairman, Dele Kelvin Oye. The group said that while the naira’s recovery from over ₦1,600 to …
The Centre for the Promotion of Private Enterprise (CPPE) has called on the Central Bank of Nigeria (CBN) to address structural bottlenecks in the financial system and push for stronger fiscal discipline to ensure that the benefits of its latest monetary easing are fully realised. The centre's position follows the decision of the CBN's Monetary …
The Central Bank of Nigeria (CBN) has reduced its benchmark interest rate by 50 basis points to 26.5 per cent, marking a shift toward moderate monetary easing amid sustained disinflation and improved macroeconomic indicators. CBN Governor Olayemi Cardoso announced the decision on Tuesday at the end of the two-day Monetary Policy Committee (MPC) meeting. He …
Chairman, Presidential Committee on Fiscal Policy and Tax Reforms, Prof. Taiwo Oyedele has said Nigeria’s tax reforms aim to strengthen the capital market while promoting inclusive economic growth. Prof. Oyedele stated this while highlighting the benefits of the benefits of the ongoing tax reforms in Nigeria. He spoke at the 3rd Professor Uche Uwaleke Biennial …
The Centre for the Promotion of Private Enterprise (CPPE) said Nigeria’s recent rebound in capital importation may be encouraging, but underlying structural risks threaten its sustainability. The economic think tank group gave the warning in a statement on Sunday, signed by its Chief Executive Officer, Muda Yusuf. It noted that total capital inflows rose to …
All eyes are on the Central Bank of Nigeria (CBN) as its Monetary Policy Committee (MPC) meets February 23–24 to decide whether to cut the benchmark interest rate or maintain its cautious stance amid shifting macroeconomic signals. The decision comes at a delicate moment for policymakers, balancing moderating inflation against concerns about liquidity and financial …
