Hafsat Ibrahim

Naira Undervalued by 25.6% Despite Reforms – IMF

The International Monetary Fund (IMF) has assessed that the naira remains undervalued by 25.6%, despite recent gains following Nigeria’s foreign exchange reforms.

Crude Export Earnings Fall ₦1.75tn in Q1 – NBS

Nigeria’s crude oil export earnings fell by ₦1.75 trillion in Q1 2026, despite a rally in global oil prices, according to the National Bureau of Statistics (NBS).

MPC: Assessing the Early Impact of Cardoso’s Reforms, by Kabir Abdulsalam

‎MPC: Assessing the Early Impact of Cardoso’s Reforms ‎ ‎By Kabir Abdulsalam ‎ ‎Public debate around Nigeria’s economic reforms has largely focused on the immediate costs: higher interest rates, tighter credit conditions, and the adjustment pains associated with major policy changes. ‎ ‎Yet beneath the...

Cooking Gas Prices Surge 140%, Marketers Plan Imports

Cooking gas prices in Nigeria have surged by about 140%, rising from ₦1,000 per kilogram in January/February to as high as ₦2,400 per kilogram in mid-June 2026.

CBN Withdraws N6.88trn via OMO in Two Weeks

The Central Bank of Nigeria (CBN) absorbed about N6.88 trillion from the financial system through Open Market Operations (OMO) in the first two weeks of June 2026, according to data released June 11.

Nigeria’s Gas Production Hits 7.93bcf/d in May – NUPRC

Nigeria’s average daily natural gas production rose to 7.93 billion standard cubic feet per day (bcf/d) in May 2026, a slight increase from 7.88bcf/d in May 2025, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
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