NESG Forecasts 15.5% Inflation for Nigeria in 2026
The Nigerian Economic Summit Group (NESG) expects inflation to remain high through the rest of 2026, with the rate averaging 15.5 per cent in the second half and across the…
NAFEM Turnover Surges to $1.41bn as Naira Strengthens
Trading activity on the Nigerian Foreign Exchange Market rose sharply to $1.41 billion on 17 August 2026, marking its highest level in five weeks. Data from the Central Bank of…
Nigeria’s Capital Importation Surges 257% to $2.82bn
Nigeria’s capital importation jumped 256.9 per cent year-on-year to $2.82 billion in April 2026, up from $0.79 billion a year earlier, according to the Central Bank of Nigeria. The increase…
Bandit Attacks Threaten Nigeria’s Food Production
Nigeria faces growing concerns over a possible food crisis as insecurity prevents many farmers from accessing their fields during the rainy season. States including Zamfara, Katsina, Sokoto, Taraba, Plateau, Niger,…
Nigeria Spends N3.14tn on Domestic Debt in Q1
The Federal Government spent N3.14 trillion on domestic debt service in the first quarter of 2026, with interest payments making up most of the total. The Debt Management Office (DMO)…
NESG Appoints Dr Nonny Ugboma to Drive Policy Reforms
The Nigerian Economic Summit Group (NESG) has appointed Dr Nonny Patricia Ugboma as its new Executive Director, Policy and Programmes and Chief Summit Officer, reinforcing its commitment to advancing economic…
UK Slashes Development Aid to Nigeria
The United Kingdom has announced a 50.2 per cent reduction in UK aid to Nigeria, cutting development assistance from £136.62 million in the 2025/2026 financial year to £68 million by…
FG Launches N729bn Bond for Power Sector Debts
The Federal Government has launched a N729 billion bond to clear more outstanding debts in Nigeria’s electricity sector after paying about N333 billion to eight electricity generation companies (GenCos) under…
CBN Holds Interest Rate at 26.5 Per Cent
The Central Bank of Nigeria (CBN) has decided to keep the Monetary Policy Rate (MPR) at 26.5 per cent after the 306th Monetary Policy Committee (MPC) meeting held in Abuja…
FG Rejects Claims of ₦80tn New Debt
The Federal Government has dismissed claims that the Tinubu administration borrowed ₦80 trillion within the last three years, describing the figure as misleading and based on accounting adjustments rather than…
