CBN Price Stability Faces Test: Reviving Credit and Growth
CBN's price stability gains are now challenged by the need to revive credit and growth. Experts warn of a delicate balance as monetary tightening may stifle lending.
Category : Economy
CBN FX Sales Hit $953.41m in March, Naira Trades at N1,357/$1
The Central Bank of Nigeria sold $953.41m in March 2026, the highest FX intervention in nearly a year, as the naira stabilised at N1,357/$1 with reserves at a 17-year high.
Countries Without Their Own National Currency in 2026
Several countries, including El Salvador, Ecuador, Kosovo, Montenegro, and Liechtenstein, use foreign currencies like the US dollar or euro, sacrificing independent monetary policy for stability.
Global Goods Trade Hits $13.7tn as AI, EV Demand Surges
Global goods trade surged to $13.7 trillion in 2025, driven by AI and electric vehicles, according to a new WTO report. The growth reflects strong demand for tech and green products, reshaping global supply chains.
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UNILAG Hostel Built With N1.6bn Public Funds Charges N950,000 Per Bed
A UNILAG hostel built with N1.6bn federal funds charges up to N950,000 per bed space, raising accessibility concerns. The Femi Gbajabiamila Hall of Residence, commissioned in 2024, offers premium accommodation despite its public purpose.
PenCom: 30% PPP Target at Risk, 91 Accounts Unfunded
PenCom warns Nigeria may miss its 30% pension assets investment in infrastructure by 2026 as 91 accounts remain unfunded, citing regulatory and market challenges.
Nigeria's Largest External Debt Exposures and How Much We Owe
Nigeria's external debt stock stood at $42.47 billion as of March 2026, with major creditors including China, World Bank, and Eurobonds. This analysis reveals top exposures and implications.
Naira Gains N8.08 as Nigeria's External Reserves Hit 17-Year High
The naira appreciated N8.08 week-on-week to N1,357.61/$ as Nigeria's external reserves hit $52.25 billion, a 17-year high, with CBN reforms boosting market activity.
ActionAid urges FG, States to prioritise people-centred spending
ActionAid Nigeria has urged the Federal and State governments to redirect public spending from prestige projects to critical sectors like education, healthcare, water supply and social protection, following President Tinubu's appeal to governors to stop b
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BRICS Weighs Linking Instant Payments and Digital Currencies
BRICS is exploring a unified instant payment system and digital currency links to boost trade and reduce dollar reliance, according to a senior Russian official.
Bonny Light Hits $95 as Hormuz Tensions Rattle Oil Markets
Bonny Light crude price approaches $95 per barrel as Strait of Hormuz tensions escalate, raising supply concerns and impacting global oil markets.
Naira Rebounds to N1,358/$ as Reserves Exceed $52bn
The naira appreciated to N1,358.25 per dollar on August 14, 2026, as foreign reserves climbed above $52 billion, according to FMDQ data.
Pound Holds at N1,837 as Naira Faces Global Currency Pressure
The British pound traded at N1,837 in the official market as the naira showed resilience amid global currency pressures. Analysts attribute the stability to improved dollar liquidity and CBN policies, though risks remain.
AERE urges Tinubu to translate economic gains into household relief
AERE urges President Tinubu and NRS to convert Nigeria's revenue growth into lower food prices, better wages, and poverty reduction, citing rising inflation and poverty.
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Naira Gains vs Dollar as Reserves Hit 17-Year High
The naira appreciated 0.22% against the dollar on August 13, 2026, as CBN removed bank restrictions. External reserves hit $52.19 billion, a 17-year high.
Nigeria Petrol N1,300 as 94 Nations Keep Fuel Subsidies
Nigeria's petrol price surged above N1,300 per litre, while 94 countries maintain fuel subsidies amid the US-Iran war, according to the IEA.
Osun domestic debt drops N69.18bn under Adeleke
Osun State's domestic debt fell by N69.18 billion (46.6%) under Governor Adeleke, moving the state from 9th to 18th most indebted in Nigeria, per DMO data.
Most Indebted Nigerian States as of March 2026
As of March 2026, Lagos leads Nigeria's subnational debt with N1.31 trillion, followed by Delta and Akwa Ibom, according to a new report.
UK Publishes 2026 List of Foreign Worker Categories for Sponsorship
The UK government has published an official list of 11 worker categories eligible for employer-sponsored visas in 2026, covering skilled, health, creative, and other roles, offering a clear pathway for Nigerians and others.
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Lagos tops IGR with ₦1.17trn, Enugu 3rd in H1 2026
Lagos State generated ₦1.17 trillion in IGR in H1 2026, surpassing all other states combined, with Ogun and Enugu following at ₦140.57bn and ₦95.62bn.
ECOWAS Sets 2027 ECO Currency Launch Conditions for Nigeria
ECOWAS plans a phased ECO currency rollout by 2027, contingent on strict conditions like single-digit inflation and fiscal discipline. Nigeria faces hurdles, but the naira won't instantly disappear.
Nearly Half of Nigerian Households Hit by Job, Business Losses
A new report reveals that 46% of Nigerian households experienced job or business losses in the past year, highlighting severe economic strain across the nation.
Naira Dips to N1,364/$ Yet Among Africa's Top 10
The naira weakened by N4.75 to N1,364.89 per dollar on August 11, 2026, yet its 0.58% July gain placed it among Africa's top 10 best-performing currencies, with reserves at $52.14bn.
Comercio Partners Reports 10 Years of Money Market and Living Costs
Comercio Partners' 10-year report reveals Nigeria's money market trends and living cost changes, with inflation impacting purchasing power significantly.
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Price Signals: Invisible System Coordinating Markets
Price signals are invisible information systems that coordinate markets by conveying supply and demand, guiding resource allocation, and enabling decentralized decisions without central planning.
Access Holdings Green Assets Hit N92.14bn, Emissions Cut 28.47%
Access Holdings expands green assets to N92.14 billion and cuts operational emissions by 28.47%, deepening its sustainable finance impact in Nigeria.
Lagos Tops FAAC Revenue in H1 2026 as Allocations Hit N4.54tn
Lagos State led FAAC revenue in H1 2026 with N365.78bn, a 54.39% surge, as total state allocations rose to N4.54tn, according to Punch.
UBA CEO Tony Elumelu Moves to Industrial Development Role
Tony Elumelu steps down as UBA CEO to focus on industrializing Africa, leveraging his experience to drive economic transformation across the continent.
SA Unemployment Hits 8.5M as Foreign Business Tensions Rise
South Africa's unemployment reached 8.5 million in Q2 2026, a 0.6% increase, as tensions against foreign-owned businesses escalate, according to Stats SA.
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Naira Among Top African Currencies in July 2026
The naira ranked among Africa's best-performing currencies in July 2026, according to a report, with the Ghanaian cedi leading the chart.
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