The Central Bank of Nigeria’s (CBN) latest changes to Open Market Operations (OMO) and repurchase transactions may be doing more than simply improving access to the fixed-income market. The review could give the apex bank a more flexible liquidity-management toolkit ahead of a period when global economic risks and Nigeria’s 2027 election cycle could put …
For Nigerians battling rising rents, expensive land and the growing cost of construction, owning a home can seem like a dream that keeps moving further away. But there is a government-backed financing route that could make homeownership more attainable for eligible Nigerians. The Federal Mortgage Bank of Nigeria (FMBN), through the National Housing Fund (NHF), …
How Nigeria’s latest inflation figures expose a painful gap between the economic numbers and what families pay at the market For a Nigerian household walking into a market this week, one question may matter more than the latest inflation headline. If inflation is falling, why is the food bill still rising? The …
For millions of Nigerians, the working day no longer ends when the office closes. At 5 pm, another shift begins. A civil servant becomes a trader. A teacher starts private lessons. A software developer takes on another client. A banker sells products online. A technician accepts evening jobs. A graduate turns to logistics, delivery or …
The National Sugar Development Council (NSDC) has unveiled a $1 billion investment pipeline and a tighter enforcement framework as Nigeria intensifies efforts to achieve self-sufficiency in sugar production and cut its dependence on imports. Nigeria consumes about 1.8 million metric tonnes of sugar annually, with an estimated $1 billion spent each year on imported sugar. …
Nigeria has about four years to bridge a $625 billion economic gap if President Bola Ahmed Tinubu’s ambition of growing the economy to $1 trillion by 2030 is to become reality. With Nigeria’s economy put at about $375 billion by All Progressives Congress (APC) National Chairman Nentawe Yilwatda, the country would have to expand its …
Nigeria's total public debt stock has surged by 82.4% over a three-year period under President Bola Ahmed Tinubu’s administration. The country's public debt has become one of the defining economic policy issues that has persisted over time. According to the latest data released by the Debt Management Office (DMO), the national debt expanded from ₦87.38 …
The Nigeria Revenue Service (NRS), in collaboration with the Joint Revenue Board (JRB), has released new guidelines for the taxation of virtual assets, setting out a formal framework for how digital asset activities will be administered and taxed in Nigeria. The guidelines apply to taxpayers, Virtual Asset Service Providers (VASPs), peer-to-peer (P2P) marketplace operators, tax …
Nigeria recorded one of Africa's strongest rebounds in foreign direct investment (FDI) in 2025, according to a new report by the Bashir Adeniyi Centre for International Trade and Investment (BACITI). However, the country's recovery remains heavily dependent on large oil and gas transactions rather than investments capable of creating broad-based jobs, manufacturing capacity and export …
Nigeria’s foreign exchange market recorded a significant boost in July, as total forex inflows climbed to a five-month high of $4.36 billion, driven largely by aggressive Central Bank interventions and a remarkable surge in domestic participation. According to the latest data released by FMDQ, this represents a 31.9 per cent month-on-month increase from the $3.31 …
