Nigeria’s economy is projected to grow by 4.1 per cent in 2026 and 4.3 per cent in 2027, putting its growth trajectory significantly ahead of South Africa, which the IMF expects to expand by only 1.1 per cent and 1.3 per cent, respectively, over the same period. The projections were contained in the International Monetary …
The Securities and Exchange Commission (SEC) will launch a new 10-year strategy for Nigeria’s capital market alongside a National Savings Scheme at its 2026 National Capital Market Conference on October 19 in Abuja. The conference, scheduled to be held at the Banquet Hall of the Presidential Villa, will bring together key stakeholders from the public …
Nigeria’s economic growth is projected to accelerate to 4.11 per cent in the fourth quarter from an estimated 3.96 per cent in the third quarter. The rebound is, however, expected alongside renewed inflationary pressures, fiscal strain, and foreign exchange risks. The projection was contained in a macroeconomic review and Q4 2026 outlook presented by Bismarck …
The Central Bank of Nigeria (CBN) has cut its benchmark interest rate — the Monetary Policy Rate (MPR) — from 26.5% to 23%, a reduction of 350 basis points. The decision was taken by the Monetary Policy Committee (MPC) at its 307th meeting on September 22, 2026. The MPR is the rate at which the …
The Nigeria Deposit Insurance Corporation (NDIC) has urged Nigerians to move more of their funds into the formal banking system, assuring depositors that the increase in deposit insurance coverage from N500,000 to N5 million has significantly strengthened protection for customers of deposit money banks. The Corporation said the revised limit, which now fully covers 98.98 …
The National Pension Commission (PenCom) has described Nigeria's 2004 pension reform as one of the most significant and enduring transformations in the country's financial sector, saying it has continued to deepen under successive administrations. The Head of the Corporate Communications Department at PenCom, Mr Ibrahim Buwai, made the remarks at the 36th annual conference of …
Sahara Group has called for increased mobilisation of global capital, sustainable investment and climate finance to close Africa’s infrastructure gap, strengthen economic resilience and accelerate long-term development across the continent. The call was made by Dr Kola Adesina, Group Managing Director, Sahara Power Enterprise Group, at a United Nations General Assembly (UNGA) roundtable on Sustainable …
The Centre for the Promotion of Private Enterprise (CPPE) has called for a review of foreign participation in Nigeria’s retail and distributive trade sector, citing concerns over competition, employment and the enforcement of business and immigration regulations. The CPPE raised the concerns in a statement issued on Sunday, September 20, by its Chief Executive Officer, …
Anambra State’s current debt figures show a difference between the original value of loans signed between 2007 and 2013 and the amount recorded as outstanding when former Governor Peter Obi left office in March 2014. The Debt Management Office (DMO) recorded Anambra’s external debt at $30.32 million as of December 31, 2013, while domestic debt …
Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi, SAN, has been credited with playing a key role in legal battles that helped Nigeria defend more than $14.3 billion in stated claims or potential exposure in three major international arbitration matters. The cases involved Process & Industrial Developments (P&ID), Sunrise Power and European …
