Viewers Corner News | Nigerian Political News & Analysis
The Central Bank of Nigeria has reduced its Monetary Policy Rate from 26.5 percent to 23 percent, marking a significant change in the country’s monetary policy direction. The decision was taken at the September 21–22 meeting of the Monetary Policy Committee, as the Central Bank responded to improving inflation and broader economic conditions. The CBN
CBN Cuts Interest Rate to 23%: What It Means for Nigerians Read More »
Burkina Faso has opened its first national gold refinery, giving Captain Ibrahim Traoré’s government a major new instrument in its campaign for greater control over the country’s natural resources. The refinery is designed to process gold domestically rather than leaving the country to export more of its mineral wealth in less processed form. The significance
Burkina Faso’s Gold Refinery: Traoré’s Sovereignty Agenda Gets a Test Case Read More »
President Bola Ahmed Tinubu has declared that Nigeria has moved beyond the most difficult phase of his administration’s economic reforms and is entering a new period focused on prosperity. The message, delivered as Nigeria marked 66 years of independence, represents an important shift in the government’s economic narrative. For more than three years, the administration
Tinubu: From Reform to Prosperity – Now Comes the Harder Test Read More »
Nigeria’s banking system could see liquidity rise to about ₦8.57 trillion this week as large Open Market Operations maturities and bond coupon payments enter the financial system. The development follows the Central Bank of Nigeria’s decision last week to reduce the Monetary Policy Rate from 26.5 percent to 23 percent. Financial-system liquidity had already risen
₦8.57 Trillion Liquidity Could Enter Banking System as CBN Adjusts Monetary Policy Read More »
A revised 2026 State Performance Index has placed fresh attention on Ebonyi State’s governance and development performance, with the state recording a 19-place decline in its performance trajectory within the South-East. The assessment by Phillips Consulting is different from the original 2026 index released in July. The methodology was reviewed, the underlying data was rechecked,
Revised State Performance Index Raises Fresh Questions About Ebonyi’s Governance Read More »
Work has reportedly commenced on the proposed Abakaliki Cement Factory in Ebonyi State, with Governor Francis Ogbonna Nwifuru announcing the development as part of the state’s industrialisation drive. The project is being presented as an opportunity to strengthen local industry, create jobs and expand the state’s economic base. But this is where the public-interest questions
Abakaliki Cement Factory: From Announcement to Accountability Read More »
Nigeria is moving to develop the Ima gas field offshore Rivers State, more than five decades after the resource was discovered. TotalEnergies and AMNI International have taken the Final Investment Decision for the project, with production expected to begin in 2028. The field is projected to produce about 350 million standard cubic feet of gas
Nigeria Moves to Unlock Gas Discovery After More Than Five Decades Read More »
The Central Bank of Nigeria has cut its Monetary Policy Rate from 26.5 percent to 23 percent, delivering a 350-basis-point reduction after its September Monetary Policy Committee meeting. The decision comes as Nigeria’s headline inflation eased slightly to 15.39 percent in August from 15.43 percent in July. Food inflation also fell from 20.31 percent to
CBN Cuts Interest Rate to 23 Percent in Major Policy Reset Read More »
Nigeria’s fuel-price crisis is once again putting the government’s subsidy policy under political and economic pressure, as petrol prices rise to around 1,400 naira per litre in Lagos and Abuja and as high as 1,500 naira in parts of northern Nigeria. The latest increase is being driven partly by higher international energy prices. Even with
Fuel Prices Rise Again as Subsidy Debate Returns Read More »
Nigeria’s 2026 capital budget is facing another major implementation test as the Federal Government continues to deal with outstanding capital obligations from previous budget years. About 16.8 trillion naira in capital expenditure from the 2024 and 2025 budget cycles was reportedly rolled into the 2026 fiscal year because the projects had not been fully implemented.