Three years into President Bola Tinubu’s administration, Nigeria’s economy tells a story of sharp reforms, painful adjustments and an unfinished struggle to convert macroeconomic stability into broader prosperity. Since taking office in May 2023, Tinubu’s government has pursued two defining economic reforms — fuel subsidy removal and exchange rate unification — aimed at stabilising public …
Nigeria’s economy will grow by 3.93 per cent in the second quarter of 2026, CardinalStone Research has projected. The projection will be supported by stronger oil production and the resilience of the non-oil sector despite rising global geopolitical tensions. In its latest review of Nigeria’s Q1 2026 gross domestic product (GDP) report, the research firm …
The Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, says Nigeria’s next phase of economic reform should focus on industrialisation, power sector reforms, productivity growth and export competitiveness despite signs of economic recovery in the first quarter of 2026. In a policy brief he released on Thursday …
With less than 24 hours to Eid-el-Kabir, Abuja’s major livestock markets are gripped not by the usual festive rush, but by hesitation, anxiety and dwindling buying power as soaring ram prices force many families to scale back long-held Sallah traditions. Across major markets in Apo, Gudu and Kugbo, traders sit beside rows of unsold rams …
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 …
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 …
When the Central Bank of Nigeria's Monetary Policy Committee gathered in February 2026 for its 304th meeting, the mood was one of cautious optimism. Headline inflation had fallen for eleven consecutive months. Reserves had climbed to a 13-year high of $50.45 billion. The naira was holding. The committee voted, 10 to 1, to cut the …
The Federal Government’s May 2026 bond auction attracted total demand of ₦796.17 billion, with investors showing a stronger appetite for longer-term debt instruments, according to results released by the Debt Management Office (DMO). The auction, conducted on May 18, featured the re-opening of two existing Federal Government bonds with a combined offer size of ₦600 …
Former Anambra State governor and 2023 Labour Party presidential candidate Peter Obi has warned that President Bola Tinubu’s disclosure that Nigeria will spend about $11.6 billion on debt servicing should alarm anyone concerned about the country’s future. In a statement posted on his X handle on Monday, Obi said the size of the planned debt …
