Despite Tight Monetary Policy, Nigeria’s Money Supply Hits N133.25trn   Nigeria’s broad money supply climbed to N133.25tn in June 2026, up from N129.21tn in May, despite the Central Bank of Nigeria maintaining a benchmark Monetary Policy Rate at 26.5 per cent. This underscores continued growth in liquidity...

Lagos Lawmakers Pass N200bn Bond, FAAC Financing Bill Scheme   The Lagos State House of Assembly on Thursday approved the state government’s request to issue a N200bn bond and participate in the Federation Account Allocation Committee (FAAC) Receivables Discounting Programme to finance critical infrastructure projects across...

Headline inflation eased slightly to 15.91% in June 2026, down from 15.93% in May, but more than half of the country’s states still recorded annual inflation above 30%, according to the National Bureau of Statistics (NBS).

Finance Minister Outlines Plan for $1trn Economy   Coordinating Minister of the Economy and Minister of Finance, Taiwo Oyedele, said Nigeria has moved beyond the phase of restoring macroeconomic stability and must now focus on translating economic reforms into inclusive growth, higher productivity, and shared prosperity. Delivering...

Nigeria’s Reserves Rise to $52bn as Inflation Falls to 15.9%   The Central Bank of Nigeria (CBN) has reported a landmark recovery in the nation’s financial buffers, with gross foreign reserves surging to $51.89bn, nearly reaching the $52bn mark as of mid-July 2026. This multi-year milestone, according...

Tinubu Launches $3.05bn World Bank-Backed Anti-Poverty Programmes   President Bola Tinubu on Thursday unveiled about $3.05bn in World Bank-funded programmes aimed at reducing poverty, strengthening healthcare and education, and improving the livelihoods of vulnerable Nigerians, saying the gains of his administration’s economic reforms must be felt...