Consumer Credit Drops by N780bn as High Interest Rates Weigh on Household Borrowing
Outstanding consumer credit in Nigeria declined by N780 billion in February 2026 as high borrowing costs continued to discourage households ...
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Tag: #NigeriaEconomy
FG Promises Real-Time Budget Tracking as Oyedele Defends Capital Project Implementation
The Federal Government has pledged to introduce a real-time budget reporting system to improve transparency and enable Nigerians to monitor ...
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DMO Unveils N4 Trillion FGN Bond Auction Plan for Q3 2026
The Debt Management Office (DMO) has unveiled its Federal Government of Nigeria (FGN) Bond issuance calendar for the third quarter ...
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Cooking Gas Prices Drop in Abuja as Improved Supply Brings Relief to Households
Households across the Federal Capital Territory (FCT) are enjoying some relief as the price of Liquefied Petroleum Gas (LPG), popularly ...
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FG Orders Marketers to Cut Fuel Prices as Global Oil Costs Fall
The Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, has directed petroleum marketers to immediately reduce the pump prices ...
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Providus bank, Unity Bank Complete Merger, Begin Operations as ProvidusUnity Bank
Providus Bank and Unity Bank have completed their business combination and will begin operations as a single unified institution under ...
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NRS, CITN Renew Drive for Voluntary Tax Compliance One Year After Reforms
The National Revenue Service (NRS) has reaffirmed its commitment to strengthening voluntary tax compliance, one year after the implementation of ...
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Nigeria’s Crude Oil Exports Hit N20.22tn in Five Months Despite Lower Volumes
Nigeria exported an estimated 148.9 million barrels of crude oil worth approximately N20.22tn ($14.66bn) in the first five months of ...
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Nigeria Draws $1.5bn from UAE’s $5bn Financing Facility to Refinance Debt
Nigeria has accessed the first tranche of its $5 billion derivatives-based financing arrangement with the United Arab Emirates’ largest lender, ...
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S&P Global Raises Nigeria’s 2026 Inflation Forecast to 16.9%, Cuts GDP Growth Outlook
S&P Global has raised its forecast for Nigeria’s average inflation rate in 2026 to 16.9 per cent from its earlier ...
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