Subnational external debt rose sharply in 2025, with 32 states and the Federal Capital Territory (FCT) accumulating nearly $5.7bn, despite higher inflows from the Federation Account Allocation Committee (FAAC).  

The Nigerian Exchange (NGX) closed April 2026 at a record high, with total market capitalisation hitting ₦155.9tn and investors gaining ₦2.68tn, despite volatility in banking stocks.  

OPEC+ raised oil production quotas by 188,000 barrels per day for June, in a move analysts say was designed to project stability after the sudden withdrawal of the United Arab Emirates (UAE).

To Wike: It Is Wickedly Wicked to Convert Wuye's Public Hospital into a Private Estate, by Yushau A. Shuaib   After...

The Federal Government has said work is going on smoothly on the Kaduna-Kano-Maradi rail line, and the project is expected to be delivered by the end of 2027.

Burden of Words: EFCC Chair and Stigmatisations of Youths, Religious Leaders By Haroon Aremu   It is difficult to ignore the shockwaves...

Shehu Mohammed and the Quiet Rebirth of the FRSC, by Lawal Dahiru Mamman   In a previous reflection on how some...

That was the dilemma facing the Central Bank of Nigeria at the height of the foreign exchange crisis: how to sustain difficult reforms in an environment defined by volatility, speculation, and public anxiety.

There is a growing tension in Nigeria’s political space—one that is no longer whispered in private conversations but voiced openly in markets, offices, and homes.

Consensus Fraud: When Governors Usurp the Voter’s Mandate, by Yushau A. Shuaib   A single word has quietly colonised Nigeria’s pre-election...

Few institutions in Nigeria carry as much influence over daily life as the Central Bank of Nigeria (CBN). Its decisions affect inflation, exchange rates, lending costs, savings, jobs, investment flows, and the broader confidence investors place in the country.

By any serious reading of Nigeria’s current economic condition, one reform under President Bola Ahmed Tinubu stands out as the clearest indicator of where the country is headed: the restructuring of the foreign exchange market led by the Central Bank of Nigeria.