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President Bola Tinubu at a public event amid renewed political discussions

Tinubu: From Reform to Prosperity – Now Comes the Harder Test

Economy, Nigeria /

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

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The Central Bank of Nigeria is managing rising liquidity in the banking system amid changes to monetary policy.

₦8.57 Trillion Liquidity Could Enter Banking System as CBN Adjusts Monetary Policy

Economy, Nigeria /

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

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Nwifuru

Revised State Performance Index Raises Fresh Questions About Ebonyi’s Governance

Economy, Nigeria /

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,

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Abakaliki Cement Factory project in Nkalagu, Ebonyi State

Abakaliki Cement Factory: From Announcement to Accountability

Business, Economy, Nigeria /

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

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Nigeria's Ima Gas Field being developed 53 years after discovery

Nigeria Moves to Unlock Gas Discovery After More Than Five Decades

Economy, Nigeria /

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

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CBN interest rate cut to 23 percent in Nigeria

CBN Cuts Interest Rate to 23 Percent in Major Policy Reset

Economy, Nigeria /

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

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Nigerian petrol station as fuel prices rise and subsidy debate returns

Fuel Prices Rise Again as Subsidy Debate Returns

Economy, Nigeria, Politics /

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

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Nigeria 2026 capital budget and unfinished government infrastructure projects

Nigeria’s 2026 Capital Budget Faces Another Test as Outstanding Projects Continue to Compete for Funding

Economy, Nigeria /

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.

Nigeria’s 2026 Capital Budget Faces Another Test as Outstanding Projects Continue to Compete for Funding Read More »

Nigerian families struggling with high living costs despite improving economic indicators

NIGERIA’S ECONOMIC NUMBERS MAY BE IMPROVING, BUT WHY ARE SO MANY FAMILIES STILL STRUGGLING?

Economy, Nigeria /

Nigeria’s latest economic figures contain a message that deserves a closer look. Headline inflation has fallen, but millions of Nigerians are still struggling with the cost of food and basic necessities. WHAT THE NUMBERS SHOW Headline inflation fell to 15.43 percent in July 2026 from 15.91 percent in June. On paper, that appears to be

NIGERIA’S ECONOMIC NUMBERS MAY BE IMPROVING, BUT WHY ARE SO MANY FAMILIES STILL STRUGGLING? Read More »

Nigeria’s easing inflation contrasted with a struggling family facing high food and household costs.

NIGERIA’S INFLATION IS EASING – BUT WHY ARE MANY HOUSEHOLDS STILL STRUGGLING?

Economy, Nigeria /

Nigeria’s latest economic figures provide evidence of continuing disinflation, but the experience of many households remains difficult. The latest figures therefore raise a question that goes beyond whether inflation is falling. Are Nigerians actually experiencing an improvement in their standard of living? WHAT HAPPENED Nigeria’s latest headline inflation figure stands at 15.43 percent. Food inflation

NIGERIA’S INFLATION IS EASING – BUT WHY ARE MANY HOUSEHOLDS STILL STRUGGLING? Read More »

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