CONTENTS CBN HOLDS RATE AT 27.5% NIGERIA’S GDP GROWS INFLATION RATE DECLINES AGAIN NIGERIA’S $18BN TAX LOSS SENATE APPROVES TINUBU’S $21BN BORROWING PLAN AFRICA’S FUEL REFINING CRISIS INVEST IN YOUR CHILDREN’S FUTURE CBN HOLDS INTEREST RATE AT 27.5% Monetary Policy Rate at 27.5% for the third time in 2025 as the apex bank balances […]
Monthly Digest – August 2025 Read More »
NIGERIA’S TAX SYSTEM GETS A MAJOR SHAKE-UP AS PRESIDENT TINUBU SIGNS NEW LAWS In a bold move to reshape Nigeria’s economic future, President Bola Ahmed Tinubu has signed four sweeping tax reform bills into law. These bills are designed to overhaul the country’s complex and outdated tax framework, simplify compliance, and ensure a fairer, more
Monthly Digest – July 2025 Read More »
CONTENTS CBN HOLDS RATES INFLATION TRENDS NAIRA FACES PRESSURE DEBT CRISIS DEEPENS HUNGER, UNEMPLOYMENT, INSECURITY CBN HOLDS RATES MPR at 27.5%, CRR at 50% The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 27.5%, following the 300th Monetary Policy Committee (MPC) meeting held in Abuja. CBN Governor Olayemi Cardoso announced
Monthly Digest – June 2025 Read More »
CONTENTS INFLATION & ECONOMIC OUTLOOK CBEX SCAM ALERT CBN BILLION-NAIRA COMBACK ENERGY OVERHAUL PETROLEUM REFORMS WORLD BANK’S $1.08B LOAN INFLATION & ECONOMIC OUTLOOK Nigeria’s economy is navigating a complex landscape characterized by fluctuating inflation rates, modest economic growth, and the ongoing effects of structural adjustments. Despite various efforts to stabilize the economy, challenges persist, particularly
Monthly Digest – May 2025 Read More »
CONTENTS NAIRA MARKET UPDATE PETROLEUM AGRICULTURE MASTERING YOUR FINANCES CENTRUM NIP LIVE Naira Market Update Naira Market Update: Inflation Rate and Food Prices The latest inflation rate in Nigeria has been a topic of discussion, especially with regard to its impact on food prices. As you mentioned, understanding the new inflation rate and its effects
Monthly Digest – April 2025 Read More »
CONTENTS 2025 BUDGET OIL PRICES FOOD INFLATION FINANCIAL LITERACY 2025 BUDGET FEC Proposes N47.9 Trillion Budget for 2025 Fiscal Year The Federal Executive Council (FEC) has unveiled a proposed budget of N47.9 trillion for the 2025 fiscal year. Atiku Bagudu, the Minister of Budget and Economic Planning, made this announcement following the FEC meeting chaired
November 2024 Digest. Read More »
CONTENTS NNPCL DEBT/PETROL PRICE HIKE DANGOTE REFINERY DOLLAR BONDS MARKET TRENDS POS INNOVATION NNPCL DEBT Nigeria’s N4.56 Trillion Debt to NNPCL for Subsidized Petrol Sales The Nigerian National Petroleum Company Limited (NNPCL) has brought to light a significant financial burden on the nation, revealing that Nigeria owes N4.56 trillion. This debt is the result of
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CONTENTS. CURRENCY. NIGERIA’S ECONOMIC SHIFT. FINANCES. CURRENCY The Nigerian Naira’s Rollercoaster Ride in H1 2024. The Nigerian Naira’s Rollercoaster Ride in H1 2024 Steep Climb and Bumpy Descent The first half of 2024 was a period of significant volatility for the Nigerian naira. January saw a sharp rise from N907.11/$1 in December 2023 to over
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CONTENTS. MONETARY POLICY RATE. FISCAL POLICY. GROSS DOMESTIC PRODUCT FINANCIAL LITERACY. MONETARY POLICY RATE. MPR Hiked for the 3rd Consecutive Time by the CBN. Following a two-day meeting, on the 20th and 21st of May 2024, the Central Bank of Nigeria’s Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has decided to
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CONTENTS. ECONOMY. CAPITAL MARKET. FINTECH. ECONOMY. Recapitalisation. The Central Bank of Nigeria (CBN) announced an upward review of Nigeria’s minimum capital requirement for commercial, merchant, and non-interest banks. On March 28, 2024, the Central Bank of Nigeria (CBN) announced some exciting news for the banking industry in Nigeria. The CBN has decided to increase Nigeria’s
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