JPMorgan Chase is taking steps towards establishing a licensed banking operation in Nigeria after depositing ₦50 billion, approximately $38 million, with the Central Bank of Nigeria (CBN). According to Bloomberg, …
Category:
Nigerian Economy
Nigeria’s foreign exchange reserves have climbed to $55.06 billion as of October 8, 2026, strengthening the country’s capacity to manage external shocks and support stability in the foreign exchange market. …
- BusinessEconomyNigerian Economy
IMF Urges Central Banks to Maintain High Interest Rates Amid Inflation
The International Monetary Fund (IMF) has urged central banks in many countries to maintain a cautious approach to monetary policy, warning that inflationary pressures remain persistent despite efforts to bring …
The International Monetary Fund (IMF) has projected Nigeria’s economy to grow by 4.3 percent in 2027, up from 4.2 percent in 2026, as inflation gradually eases. However, the Fund warned …
Nigeria’s food crisis requires a coordinated response that addresses rising prices, insecurity, weak agricultural production and the growing cost of transporting food across the country. Although food inflation eased in …
Nigeria’s current account surplus is expected to rise to 6.0 percent of gross domestic product (GDP) in 2026, up from 4.8 percent recorded in 2025, according to the World Bank. …
- Information & TechnologyNigeriaNigerian EconomyTechnology
NITDA Testing Rules Spark Push for Risk-Based Enforcement
Nigeria’s new mandatory software testing regime is drawing support from industry professionals, but stakeholders are calling for enforcement to be based on the level of risk posed by each software …
Nigeria’s rapidly expanding digital payments ecosystem is increasing pressure on the country to strengthen its domestic digital infrastructure and reduce dependence on foreign cloud platforms. Digital payments in Nigeria have …
Nigeria’s public debt has climbed to ₦166.79 trillion, putting increasing pressure on government finances and raising questions about the country’s ability to balance debt repayments with investment in economic growth. …
ABUJA — The Federal High Court in Abuja has ordered the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to continue granting petroleum products import licences to three oil marketers. …
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