Economy & Market
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451Banks’ Lending to Private Sector Climbs to ₦94.6tr in February –CBN
Credit extended by Nigeria’s banking industry to the private sector rose to an all-time high of N94.6 trillion in February 2026, underscoring...
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389Stock Market Opens Week Bullish as ASI Up 0.4%
EQUITIES The local bourse commenced the week on a bullish note as gains in BUACEMENT (+2.6%), STANBIC (+9.7%), GTCO (+3.7%) and DANGSUGAR (+10.0%) drove...
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484Banks Deposit with CBN Slumps to ₦92.32tr on MPR Cut
Following the reduction in the Monetary Policy Rate (MPR) to 26.50 per cent from 27 per cent by the Monetary Policy Committee...
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400CBN Issues New Directives on Bank Charges
The Central Bank of Nigeria has scrapped card maintenance fees, directing banks not to charge any maintenance fee on naira-denominated debit or...
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448Nigeria’s Economy Contracted in April, Fell to 49.4 –CBN
According to a Central Bank of Nigeria report released yesterday, business activity dropped to 49.4 on the Purchasing Managers’ Index scale, which...
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502Afreximbank Funds Three New Nigerian Refineries
The Senior Executive Vice President of African Export-Import Bank, Denys Denya, has said the bank is financing three additional refineries in Nigeria...
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445Diaspora Inflows now Strategic FX Pillar for Nigeria –CBN
Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has recast diaspora remittances as a strategic pillar of Nigeria’s foreign exchange stability, saying...
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801Headline Inflation Reverses Disinflation Trend, Rises to 15.38% y/y in March
Nigeria’s headline inflation rose by 32bps to 15.38% y/y in March (February: 15.06% y/y) – the first increase since March 2025. The...
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746Global Financing System must Ease Debt Squeeze on Developing Economies –Edun
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has renewed calls for key reforms to the global financial...
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3.7KIMF Cuts Nigeria’s Growth Rate from 4.4% to 4.1%
The International Monetary Fund (IMF) has reduced Nigeria’s economic growth forecast for 2026 by 0.3 percentage points, cutting it from 4.4% to...
