Economy

  Nigeria’s headline inflation rate increased to 15.93% in May 2026, up from 15.69% in April 2026, as consumer prices continued to place pressure on households and businesses despite a slowdown in the pace of monthly price increases. According to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics, the […]

  Nigeria’s average daily natural gas production increased to 7.93 billion standard cubic feet per day (bcf/d) in May 2026, representing a 0.63% year-on-year growth from the 7.88 bcf/d recorded in May 2025. This is according to the latest data released by the Nigerian Upstream Petroleum Regulatory Commission. The latest figures underscore Nigeria’s continued progress

Nigeria’s natural gas production continued its gradual upward trajectory in May 2026, with average daily output reaching 7.93 billion standard cubic feet per day (bcf/d), reflecting the country’s growing focus on gas development as a pillar of economic diversification and energy security. The latest figures, released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), show

The International Monetary Fund (IMF) has advised the Federal Government of Nigeria to consider introducing new taxes on telecommunications services and fuel products as part of broader efforts to enhance revenue generation and create additional fiscal space for development and social intervention programmes. The recommendation was contained in the IMF’s latest Article IV Consultation Report

The Central Bank of Nigeria (CBN) has intensified efforts to contain excess liquidity in the financial system, withdrawing approximately N6.88 trillion through Open Market Operations (OMO) auctions within the first two weeks of June 2026. Analysis of the apex bank’s financial market activities shows that the liquidity mop-up accounts for about 63% of the N10.90

Nigeria’s inflation rate rose marginally in May 2026, highlighting the continued pressure of rising consumer prices on households and businesses despite signs that the pace of price increases may be moderating. According to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS), headline inflation increased to 15.93% in May

    A draft framework currently circulating within Nigeria’s fixed-income market has sparked discussions among market participants over the future role of over-the-counter (OTC) fixed-income brokers. The document, which has not been formally issued by either the Central Bank of Nigeria or the Financial Markets Dealers Association, proposes significant changes to the operating model of

  Overview The Federal Government of Nigeria has raised N4.678 billion through its June 2026 FGN Savings Bond issuance, reflecting increased participation by retail investors in government-backed fixed-income securities. According to allotment results released by the Debt Management Office (DMO), the amount raised exceeded the N4.074 billion recorded in the May 2026 issuance, indicating growing

The Nigerian Senate has approved a three-month extension for the implementation of the capital component of the 2025 Appropriation Act, shifting the deadline from June 30, 2026, to September 30, 2026. The decision was adopted during plenary on Thursday, June 11, as lawmakers moved to improve budget execution and prevent the abandonment of ongoing government