CBN sets 16.5% inflation target for 2026
Nigeria’s Central Bank is formally entrenching its transition to an inflation-targeting monetary framework, with the long-term objective of moderating inflation to 13…
Economy
Nigeria reaffirms commitment to deepening China partnership
Nigeria has reaffirmed its commitment to strengthening its strategic, bilateral trade and economic partnership with the People’s Republic of China, citing the…
US stocks slide as rate cut hopes linger
United States equities ended lower on Monday as investors weighed expectations of additional interest rate cuts by the Federal Reserve, while gold…
Egypt cuts interest rate again as inflation pressures eases
Egypt’s central bank on Thursday reduced its benchmark deposit rate by 100 basis points to 20 per cent, marking the fifth interest-rate…
UK recorded over £20bn defence exports in 2025
The United Kingdom has recorded over £20 billion in defence exports in 2025, the highest figure since official records began more than…
Nigeria’s Q2 2025 fiscal deficit hits ₦2.66trn
Nigeria recorded a fiscal deficit of ₦2.66 trillion in the second quarter of 2025, remaining within the ECOWAS convergence limit of three…
Capital importation dropped 62% in August
Nigeria’s capital importation declined sharply by 62 per cent on a month on month basis to $1.13 billion in August 2025, down…
Solid minerals revenue soars as NLNG dividends hit zero
Nigeria’s revenue from solid minerals surged to almost three times its target in 2024, while dividends from natural gas, once a dependable…
Nigeria suffers N3.15tn trade deficit after Trump’s tariff order
Nigeria’s exports to the United States declined by ₦940.98bn in the first nine months of 2025, even as imports from America more…
CBN survey predicts stable naira, lower interest rates in 2026
The naira is expected to remain largely stable over the next six months, while borrowing rates are projected to decline within the…
Tinubu seeks annulment, extension of 2024, 2025 budgets
President Bola Tinubu has asked the House of Representatives to repeal and re-enact the 2024 and 2025 Appropriation Acts and to extend…
Ondo deep seaport to boost regional trade — Aiyedatiwa
Ondo State Governor, Lucky Aiyedatiwa, has said the proposed Ondo Deep Sea Port will function as a major hub for international trade,…