Category: Economy

Cash outside banks drops ₦104bn after CBN rate cut

Cash held outside Nigeria’s banking system declined by N104.76 billion between February and April 2026...

Sallah: Economic hardship, fuel cost push sheep prices to ₦1.2m — Report

Economic crunch, rising petrol prices triggered by the Middle East war and insurgency have driven...

BREAKING: Nigeria’s GDP growth slows to 3.89% in Q1 2026

The National Bureau of Statistics said Nigeria’s Gross Domestic Product growth rate slowed to 3.89...

I’ve lost sleep, weight over economic reforms, Tinubu tells Nigerians

President Bola Tinubu, on Sunday, admitted that the economic reforms pursued by his administration have...

Nigeria recorded $480m trade surplus in January 2026 — CBN

Nigeria recorded a $480 million trade surplus in January 2026, driven by a 4.46 per...

South Africa’s inflation climbs to 4%, highest since 2024

South Africa’s annual inflation rate accelerated to four per cent in April 2026, marking its...

Over 30 equities beat April’s inflation rate surge — Report

More than 30 equities listed on the Nigerian Exchange delivered returns in April 2026 that...

Nigeria’s inflation may rise again after April’s 15.95% surge — Report

Nigeria’s inflation rate may increase for the second consecutive month, reaching 15.95 per cent in...

Nigeria’s inflation rose to 16.42% in April

Nigeria’s headline inflation is forecast to rise to 16.42 per cent year-on-year in April 2026,...

FG rules out fuel subsidy return, backs market pricing policy

The federal government has ruled out any return to fuel subsidies or the introduction of...

Bagudu outlines plan for Nigeria’s $1trn economy by 2030

The Federal Government has reaffirmed its commitment to building an inclusive, sustainable, and innovation-driven economy...

Nigeria’s PMI falls to 49.4 as economy contracts in April

Nigeria’s economic activity slipped into contraction in April 2026 as the Purchasing Managers’ Index fell...