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 …
The Federal Government has introduced a new Investment Budgeting framework to stop funding non-performing projects and boost accountability as Nigeria targets a $1 trillion economy. The Minister of State for Finance, Doris Uzoka-Anite, announced the reform during a meeting with Tayo Aduloju, Chief Executive Officer of the Nigerian Economic Summit Group. Uzoka-Anite said the government …
Niger State has taken a major step toward Nigeria’s sugar self-sufficiency drive. Following a high-level meeting at the Government House in Minna, the National Sugar Development Council (NSDC) and the Lee Group announced plans to establish a large-scale sugar production project in the state. During the meeting, Governor Umar Bago assured the delegation of full …
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has warned that slow, costly, and fragmented cross-border payment systems are limiting economic opportunities for millions, especially in developing countries. Speaking on Thursday at the G-24 Technical Group Meetings held in Abuja, Cardoso said these inefficiencies block individuals and small businesses from fully participating in …
Despite sweeping reforms that ended Nigeria’s long-standing fuel subsidy regime, many citizens are yet to feel the full economic impact of the policy shift, an economist and energy expert, Kelvin Emmanuel, has said. Mr Emmanuel, who is the co-founder and CEO of Diary Hills, said even though the removal of the fuel subsidy was a …
The Nigerian Debt Management Office (DMO) has announced plans to offer N800 billion in federal government bonds at N1,000 per unit, marking one of the highest-yielding bond sales in recent years. The DMO revealed the offer in a social media post on Tuesday, detailing three separate bond issues. According to the debt office, the offers …
Nigeria’s headline inflation rate fell slightly to 15.1 per cent in January 2026 from 15.15 per cent in December 2025, according to the National Bureau of Statistics (NBS). In its Consumer Price Index (CPI) report released on Monday, the agency said inflation declined by 0.05 percentage points compared to December. On a year-on-year basis, inflation …
