Economy

Nigeria’s $51 Billion Reserves at Risk from Volatile Capital and Oil Reliance – EBC

July 10, 2026

Home Category Economy

Economy

Currencies

US Dollar Slides to One-Week Low Amid Escalating Geopolitical Risks and Trade Uncertainty

February 27, 2026

The US dollar weakened to its lowest level in a week on February 26, 2026, as investors scaled back positions...

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

CBN Cuts Benchmark Rate by 50bps to 26.5% in Measured Easing Move

The Central Bank of Nigeria (CBN) reduced its Monetary Policy Rate (MPR) by 50 basis points to 26.5% on February...

Nigeria’s Stock Market Records N1.81 Trillion Gain in July.

NGX Closes Lower as Profit-Taking in Banking and Insurance Weighs on Market

The Nigerian Exchange Limited (NGX) extended its bearish session on Wednesday, February 25, 2026, with the benchmark All-Share Index dipping...

Senate Committee Frowns at N17 Trillion Loss from Tax Waivers, Urges FIRS Reform

Nigeria Revenue Service Targets N40.7 Trillion in 2026 Following Major Tax Reforms.

The Nigeria Revenue Service (NRS) has set an ambitious revenue target of N40.7 trillion for 2026, a substantial increase from...

FMDQ Exchange Records N21.70 Trillion Secondary Market Turnover in October

FMDQ Approves Listing of Lagos State’s N244.82 Billion Dual-Series Bonds Under N1 Trillion Programme

FMDQ Securities Exchange Limited has granted approval for the listing of Lagos State Government's two bond series totaling N244.82 billion,...

FG 2053 Bond Records $364 million Subscription as Investors Seek Record Yields

FG’s Domestic Debt Surges to N77.81 Trillion as Bond Issuances Drive N7.4 Trillion Increase

Nigeria's Federal Government domestic debt stock climbed sharply to N77.81 trillion as of September 30, 2025, up from N70.41 trillion...

Capital Market’s GDP Contribution Surges to 33% as Market Cap Hits N123.93 Trillion

by Jide Omodele

The Nigerian capital market has dramatically expanded its economic footprint, with its contribution to the country's Gross Domestic Product rising...

FG Records N13.33bn Revenue Shortfall from Gas Flaring Penalties

Debt Rises as 11 States and FCT Drive N373 Billion Increase in Nine Months

Eleven Nigerian states and the Federal Capital Territory (FCT) significantly expanded their combined domestic debt by N373.06 billion between December...

Goldman gives senior staff unlimited vacation in bid to retain talent

Goldman Sachs Lifts 2026 Oil Price Forecasts, Sees Brent Averaging $64 for the Year and $60 in Q4

Goldman Sachs has upwardly revised its crude oil price projections for 2026, forecasting Brent crude to average $64 per barrel...

NEC Affirms CBN $3 Billion Loan for Naira Stability

MPC Set to Deliberate Cautious Rate Easing as Disinflation Gains Traction