The federal government has set a target of expanding access to consumer credit to 500,000 Nigerians by December 2026 as it intensifies efforts to build a stronger and more inclusive credit ecosystem. The target is contained in the Nigerian Consumer Credit Corporation’s (CREDICORP) H2 2026 Outlook, published in its 2026 Impact Report. The corporation said …
Nigeria’s agricultural exports plunged by 31.2 per cent in the first quarter of 2026, Q1’26, as prolonged port delays, excessive pesticide use, outdated chemical preservatives, poor post-harvest handling and failure to obtain mandatory phytosanitary certification continued to undermine the country’s access to international markets. Latest data from the National Bureau of Statistics (NBS), showed that …
The Centre for the Promotion of Private Enterprise (CPPE) has commended the Federal Government's new Social Intervention Programmes. It described the programmes as a timely policy initiative that can strengthen the legitimacy of the country's economic reforms if implemented effectively. The CPPE stated this in a policy brief issued on Monday by its Chief Executive …
Nigeria is failing to unlock an estimated $296 billion blue economy opportunity despite recent improvements in port operations and maritime security. The chairman of the Alliance for Economic Research and Ethics, Dele Oye, raised this concern in a report he issued over the weekend. According to him, chronic underfunding and fragmented regulation are threatening to …
Nigeria's economic managers are expected to keep interest rates high and tighten liquidity in the coming months as they focus on reducing inflation and stabilising the naira. This development will keep borrowing costs elevated for businesses and households, according to economic policy analyst Dr Felix Ijeh. He said the Federal Government and the Central Bank …
As Millions of Nigerians Struggle With Rising Food Prices, Rent and School Fees, a Pinnacle Daily Investigation Reveals the Sectors Quietly Profiting From the Crisis At dawn, traders at Abuja's Utako Market begin arranging tomatoes, peppers, and onions that now cost nearly twice what they did a few years ago. Across town, a civil servant …
Nigeria's headline inflation may have stabilised in June, but rising food prices remain a major threat to households and the economy, the Centre for the Promotion of Private Enterprise (CPPE) has warned. In a policy brief issued on Thursday, the Chief Executive Officer of CPPE, Dr Muda Yusuf, said the latest inflation figures showed that …
The Bank of Agriculture (BoA) has raised concerns that Nigeria's deepening energy poverty is undermining food security, agricultural productivity and rural livelihoods, warning that millions of Nigerians and thousands of farming communities remain without reliable electricity. The warning was issued during a capacity-building workshop on the Clean Energy Access Framework (CEAF) for BoA staff in …
The Federation Account Allocation Committee (FAAC) has shared N2.55 trillion among the Federal Government, state governments and local government councils from June 2026 revenue. This marks the highest monthly allocation so far this year as stronger tax collections and oil-related revenues boosted the distributable pool. Details of the distribution were contained in a statement signed …
Nigeria's headline inflation rate eased slightly to 15.91 per cent in June 2026, but food prices accelerated sharply during the month. This underscores the continued pressure on household budgets despite broader signs of easing price growth. In its latest Consumer Price Index (CPI) report released on Wednesday, June 15, the National Bureau of Statistics (NBS) …
