Economy
Nigeria’s Inflation Moderates to 15.06% in February 2026 Amid Persistent Price Pressures
The latest Consumer Price Index shows Nigeria’s headline inflation rate eased slightly to 15.06% in February 2026 from 15.10% in...
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PETROAN Urges Nigeria to Invest Oil Windfall in Gas Infrastructure Amid Rising Global Prices
The Petroleum Products Retail Outlets Owners Association of Nigeria has called on the Federal Government of Nigeria to channel gains...
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Dollar Inflows Surge to $4.37 Billion as Nigeria’s FX Market Gains Momentum
Nigeria’s foreign exchange market received a strong boost in February as dollar inflows surged to $4.37 billion, driven by fresh...
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Cash Outside Banks Drops by N197bn as Money Supply Declines in January
Cash held outside Nigeria’s banking system declined by N197.68bn in January 2026, even as overall liquidity in the economy weakened,...
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NUPRC Declares “Drill or Drop” Era for Oil Licences, Launches 2025 Licensing Round
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the era of oil companies holding exploration licences for years...
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FCT Residents Raise Alarm Over Rising Transport Fares Amid Petrol Price Surge
Residents of the Federal Capital Territory (FCT) have expressed concern over rising transport fares following the recent increase in the...
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CBN Bars Banks from Granting Credit to Large Borrowers with Non-Performing Loans
The Central Bank of Nigeria (CBN) has directed banks to deny certain banking services and additional credit facilities to large...
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Poverty Rate in Nigeria Rises to 63% After Petrol Subsidy Removal – Study
A new study has revealed that about 63 per cent of Nigerians fell below the poverty line following the removal...
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CBN Confirms 30 Banks Meet New Capital Requirements Ahead of Deadline
The Central Bank of Nigeria has confirmed that 30 banks have successfully met the new minimum capital requirements under the...
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FMBN, NSITF Partner to Expand Affordable Housing for Nigerian Workers
The Federal Mortgage Bank of Nigeria (FMBN) and the Nigeria Social Insurance Trust Fund (NSITF) have announced plans to collaborate...
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