S&P Global has raised its forecast for Nigeria’s average inflation rate in 2026 to 16.9%, up from its previous projection of 15.0%, citing stronger-than-expected spillover from higher global oil prices into domestic energy costs. The revised outlook was published in the ratings agency’s latest report, Economic Outlook Emerging Markets Q3 2026: Inflationary Pressures Will Persist….
The Nigerian naira has come under renewed pressure after the United States dollar strengthened sharply following a more hawkish policy signal from the US Federal Reserve, pushing the local currency into one of its weakest 12-month periods. The dollar rally was triggered by growing expectations that the Federal Reserve could maintain higher interest rates for…
The International Monetary Fund (IMF) has said the Nigerian naira remains significantly undervalued despite recent improvements in the country’s foreign exchange market, highlighting both progress and continued challenges in Nigeria’s economic recovery. In its latest Article IV consultation report on Nigeria, the IMF estimate that the naira was undervalued by 25.6 percent based on its…
Global financial markets fell on Wednesday as investors reacted to rising uncertainty around major technology companies, persistent inflation pressures, and expectations over central bank policy decisions in the United States and Europe. Asian and European stock markets recorded losses as traders moved away from riskier assets, especially technology shares that have driven most of the…
