Nigeria’s equities market surged last week after a major regulatory shift by the National Pension Commission (PenCom) allowed pension funds to increase their equity holdings.

The Nigeria Customs Service (NCS) has unveiled a One-Stop-Shop (OSS) initiative aimed at cutting cargo clearance time to 48 hours and eliminating redundant checks at seaports and land borders.

In Nigeria, where trust between government and citizens remains as wide as the horizon, it is no surprise that the World Bank’s decision to reduce its planned grant to the Central Bank of Nigeria (CBN) from $10.5 million to $6.8 million has naturally raised eyebrows.

Nigeria’s external reserves have risen above $47 billion, their highest level since 2018, signaling renewed strength in the country’s external position and boosting confidence in the Central Bank of Nigeria’s (CBN) outlook.

‎In markets, offices, WhatsApp groups and banking halls across Nigeria, one narrative has travelled faster than the reforms themselves, that the new tax laws introduced a fresh tax on electronic transfers and that government is now dipping directly into citizens’ money each time they send funds.

You don’t need a degree in economics to understand Nigeria’s inflation crisis. A simple visit to any local market tells the story more clearly than charts or policy papers ever could.