The Central Bank of Nigeria (CBN) has taken decisive steps to cushion the impact on the country’s foreign exchange (FX) market, amid growing concerns over naira depreciation and macroeconomic instability.

'US Tariff May Slow Nigeria’s Economic Growth Prospects'   Nigeria’s economic growth prospects in 2025 face a potential slowdown due to a newly imposed 14 per cent reciprocal tariff by the United States on Nigerian imports. This was indicated in the latest ‘Nigeria Economic Outlook – April...

The Organisation of the Petroleum Exporting Countries (OPEC) on Monday slightly cut its forecast for oil demand growth, citing the impact of US tariffs on the world economy.

AfDB Warns of Disaster if US Tariffs Spark Retaliatiry Measures President of the African Development Bank Group (AfDB), Akinwummi Adesina, has warned African countries not to impose retaliatory tariffs against the United States’ Government, as such an action could only bring disaster to their economy. Adesina...

FG Establishes Sub-Committee to Assess Impact of Trump Tariffs   The Federal Government is reviewing the possible effects of the unfolding international tariff regimes and shifts in global commodity prices. The Economic Management Team (EMT) chaired by the Minister of Finance and Coordinating Minister of the Economy,...

Trump's Tariffs Put $10bn US-Nigeria Trade at Risk   The newly imposed 14 per cent tariff by US President Donald Trump on exports by Nigerian businesses presents a significant risk to the $10bn annual exports to the United States, potentially disrupting key sectors such as oil...