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POLICYSTREET
Growth, inflation, interest rates, exchange rate, trade, reserves, debt, jobs and income.
The 306th meeting of the Central Bank of Nigeria’s Monetary Policy Committee has ended with no change in interest rates. The Monetary Policy Rate stays at 26.5 per cent, and all other key settings...
Nigeria enters the July 2026 MPC meeting with an economy that is expanding but still constrained, and a stabilisation effort that is incomplete rather than finished. Real GDP grew by 3.89 percent in...
The Central Bank of Nigeria's Monetary Policy Committee holds its 306th meeting on 20 – 21 July 2026, the third of five scheduled sessions this year. The decision it faces is more constrained than the...
When Nigeria's Central Bank raises its interest rate, commercial banks raise the rates they charge borrowers quickly and by a large amount. When the Central Bank cuts its rate, commercial banks reduce...
Oil is trading with a clear war premium again. Prices have not returned to the April spike, but the latest jump shows that markets are re-pricing risk as if the Strait of Hormuz were a structural...
I moved to the UK and now I earn £2,000 a month — that’s more than seven times my old ₦500,000 salary as a bank manager in Nigeria.
Nigeria is weighing a rare opportunity to reshape its debt profile. With Brent crude up sharply in 2026 and investor demand pushing Nigerian Eurobond spreads to their lowest in more than a decade,...
The Central Bank of Nigeria (CBN) has increased the maximum amount that Nigerian students can receive in foreign exchange for tuition payments abroad to 25,000 dollars per semester, up from 15,000...
Washington has opened 60 trade investigations into countries it says are not doing enough to keep forced‑labour goods out of their markets. If those governments fail to tighten their rules and...
Nigerian households and businesses recorded a sharp deterioration in inflation perceptions in April 2026, with the proportion of respondents describing inflation as high rising to 67.2%, up...
Nigeria’s crude petroleum sector grows 16.4%, exits contraction despite lower production Nigeria’s crude petroleum sector grew by about 16.37% year‑on‑year in real terms in the first quarter of 2026,...
Nigeria's federal fiscal deficit narrowed to ₦330 billion in the third quarter of 2025, according to official data. The improvement reflects a combination of stronger government revenue — driven...
Nigeria's GDP expanded by 3.89% year-on-year in the first quarter of 2026, according to the National Bureau of Statistics. That is an improvement on the 3.13% recorded in Q1 2025, and marginally ahead...
Lagos State generated a total revenue of N2.6 trillion in 2025. The internally generated revenue (IGR) increased by 18.5% during the year. This growth shows the state's ability to raise funds locally,...
Nigeria's central bank held its benchmark interest rate at 26.5% at the 305th Monetary Policy Committee meeting on 19–20 May 2026; a pause that reflects growing caution rather than confidence. After...