Nigeria’s recent history with the Naira redesign under former Central Bank Governor Godwin Emefiele illustrates how fragile confidence can be when monetary policy is controversial, poorly communicated, or inconsistently enforced. 

'CBN May Hike Rates as Election Spending Rise'   The Central Bank of Nigeria (CBN) is highly likely to raise its benchmark interest rate, the Monetary Policy Rate, during the second half of 2026 as liquidity pressures build ahead of the 2027 general elections. This warning was...

Business confidence among Nigerian firms weakened in June 2026, as rising operational costs and macroeconomic pressures weighed on sentiment, according to the Central Bank of Nigeria’s Business Expectations Survey (BES).

The House of Representatives Public Accounts Committee has intensified its probe into unpaid government revenues, directing the Office of the Accountant-General of the Federation (OAGF) to provide detailed records.

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

Naira Rises to N1,400 per Dollar in Parallel Market   The Naira yesterday appreciated to N1,400 per dollar in the parallel market from N1,405 per dollar on Tuesday. But the naira was stable at N1,379 per dollar in the Nigerian Foreign Exchange Market (NFEM), as data from...