Browsing Tag
Nigeria Economy
34 posts
Naira Gains Value Against Dollar Ahead of Critical CBN Policy Meeting
The naira strengthened slightly in official trading on Monday as the market prepares for the Central Bank of Nigeria's latest interest rate decision.
Experts Warn Inflation and Policy Shifts Threaten Economic Gains
Financial analysts report that while Nigeria's stock market is poised for growth in late 2026, rising inflation and inconsistent policies remain significant threats to ongoing economic reforms.
Naira Maintains Stability at Official Exchange Market on July 20, 2026
The naira held steady at ₦1,379.64 per dollar in the official market on July 20, 2026, while parallel market rates remained higher due to sustained demand.
Petrol Importers Raise Depot Prices to N1,350 Per Litre
Petrol importers are raising depot prices to N1,350 per litre starting July 17, citing increased import costs and global shipping disruptions.
Nigerian stock market shows promise for H2 2026 despite expert caution
Nigeria's stock market continues to lead globally in capital gains as it enters the second half of 2026, though analysts warn investors to prioritize company fundamentals amid potential election-related volatility.
Nigeria Industrial Policy 2025: Prioritizing MSMEs for National Growth
The Nigeria Industrial Policy 2025 identifies MSMEs as the core of industrial development, promising financial support, procurement advantages, and infrastructure to drive local manufacturing.
FAAC Distributes N2.6 Trillion Revenue to Federal, State, and Local Governments
The Federation Account Allocation Committee has disbursed N2.551 trillion in June 2026 revenue to the three tiers of government, driven by strong growth in statutory collections.
Global Oil Costs Surge 14 Percent to $84 Following Breakdown of US-Iran Truce
Oil prices jumped 14 percent to $84 per barrel as US-Iran hostilities resumed and the Strait of Hormuz was closed to shipping, boosting Nigeria's export outlook.
Nigerian Banks Reduce Sectoral Lending by N5.4 Trillion
Deposit money banks in Nigeria cut lending to eight major sectors by N5.45 trillion in 2025, largely due to the Central Bank of Nigeria ending its regulatory forbearance policy.
Anambra Launches Tax Amnesty Program for Asset and Income Disclosure
Anambra State has introduced a tax amnesty scheme allowing individuals and businesses to declare undeclared income and assets without facing full penalties until September 5, 2026.