Nigeria’s financial sector is entering a new phase as the Central Bank of Nigeria (CBN) moves to strengthen control over the country’s digital payment ecosystem, while the nation’s foreign exchange position continues to improve. The apex bank has directed banks, fintech companies, mobile money operators, and other payment service providers to store all payment transaction…
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…
Nigeria’s economic community is locked in renewed debate following a sharp downturn in global crude oil prices, triggering by easing geopolitical tensions after a breakthrough United States-Iran peace deal that has reshaped energy market expectations. International benchmarks such as Brent crude have fallen significantly in recent days, with prices slipping to around a three-month low…
The Nigerian equities market closed on a positive note on June 15, 2026, as renewed investor confidence pushed the Nigerian Exchange (NGX) All-Share Index (ASI) higher, reflecting continued recovery in the country’s capital market. Trading data from the Nigerian Exchange showed that the benchmark index recorded a modest gain during the session, supported by buying…
There is good news coming out of Nigeria’s economy in 2026. There is also a catch — and it’s a big one. Nigeria recorded the greatest improvement in business activity among eight major African economies in May 2026, defying mounting inflationary pressures triggered by escalating tensions in the Middle East that have pushed up global…
