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POLICYSTREET
Monetary policy, fiscal policy, regulation, legislation and enforcement.
For years, Nigeria’s financial conglomerates have operated in ways that blur the lines between their constituent parts. A bank holds deposits. Its fintech subsidiary processes payments. Its...
United Bank for Africa Plc has announced the appointment of Mr. Emmanuel N. Nnorom as its next Group Chairman, effective 21 August 2026, following the scheduled retirement of Mr. Tony O. Elumelu from...
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...
How legal frameworks, public policy, and economic outcomes intersect during political transitions in Nigeria
The 2026 Fiscal Policy Measures take full effect on 1 July. Lower tariffs on cars and rice. A green tax on big engines. Higher duties on beer, spirits and cigarettes. Import prohibitions on 17 product...
Effective today, the Central Bank of Nigeria revoked the operating licences of 46 microfinance banks under Sections 12 and 13 of BOFIA 2020, approved by Governor Cardoso. The stated grounds:...
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...
Nigeria launched a data lab to track poverty programmes – 30 years after those programmes began. With 140 million Nigerians now below the poverty line, the question is not whether the data exists. It...
TikTok removed 4.02 million videos and terminated 86,000 live sessions in Nigeria during the fourth quarter of 2025, according to the platform's Community Guidelines Enforcement Report released this...
In plural societies, mechanisms for managing diversity often emerge outside formal constitutional frameworks. In Nigeria, one such mechanism is the informal rotation or “recycling” of leadership...
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...
Nigeria’s capital market has moved from a two‑day settlement cycle (T+2) to a one‑day cycle (T+1), becoming the first market in Africa to do so. The change means that when investors trade shares or...
The Central Bank of Nigeria (CBN) has carried out a full reshuffle of its four deputy governors, reassigning each of them to a new directorate with effect from 1 June 2026, according to updated...
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...
In Nigeria, like many other similar countries, many firms face a deeper strategic question than “What sector am I in?” The real question is, should a business be tightly tied to the global economy,...
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...
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,...
ipNX, a Nigerian internet and technology services company, is warning businesses not to rush into AI without the basics in place. Its point is simple: AI depends on stable internet, organised data and...
The Federal Government says it wants 2,322 Compressed Natural Gas (CNG) stations across Nigeria by 2027. Right now, there are about 65. If the rollout works, CNG could reduce fuel costs for some...
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...
Nigeria’s federal government has announced that, from 2026, it will no longer carry electricity subsidy costs alone. Under a new burden‑sharing framework, any federal, state or local government that...