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….
Nigerian authorities have intensified their crackdown on security-related offences, with the Economic and Financial Crimes Commission (EFCC) preparing to arraign individuals and companies linked to terrorism financing, while a Kaduna court has ordered the remand of 24 suspects connected to recent violent community disturbances. The EFCC confirmed it is set to file charges against suspects…
A new report by ActionAid International and ActionAid Nigeria has raised concerns over Nigeria’s fiscal priorities, revealing that the country now spends nearly five times more on servicing external debt than on healthcare and education combined. The report talks about the growing burden of debt repayments on Africa’s largest economy, warning that rising obligations to…
