Nigeria spent nearly $1 billion servicing foreign loans in the first two months of 2026, according to the Central Bank of Nigeria’s February Economic Report
The Federal Government’s $500m World Bank-backed electricity metering programme has installed only 217,784 smart meters out of its target of 3.2 million, according to the Nigerian Electricity Regulatory Commission (NERC).
Turnover in Nigeria’s foreign exchange market fell sharply in the week ending 10 July 2026, with activity across both the Spot and Derivatives segments dropping by nearly half.
The International Monetary Fund (IMF) has warned that Nigerians will face higher prices for essential goods in 2026, a trend that could worsen poverty and food insecurity despite recent improvements in macroeconomic stability.
The African Development Bank (AfDB) has estimated that Africa’s informal sector holds revenue potential of about $125 billion, urging governments to harness this opportunity more effectively.
The North West Development Commission (NWDC) has received ₦15.17 billion in federal allocations between January and May 2026 and is preparing major development interventions across agriculture, healthcare, education, youth empowerment and security in the seven North West states.
