Rewane Predicts Weaker Naira, Rising Debt in 2026
Bismarck Rewane forecasts a challenging yet hopeful 2026 for Nigeria's economy, highlighting naira depreciation, debt growth, and key investment sectors.
Category : Economy
Naira Falls vs Dollar as FX Turnover Skyrockets 262%
Nigeria's naira weakened against the US dollar despite a massive 262.4% increase in foreign exchange turnover to $52.47 billion in H1 2025, driven by CBN's EFEMS system.
Remote Worker Reviews Umuahia vs Lagos Network and Power
A Nigerian remote worker shares her experience after relocating from Lagos to Umuahia, comparing internet connectivity and electricity supply between the two cities while highlighting family support.
Naira Gains in Black Market, Weakens Officially Amid 2026 Optimism
The Nigerian naira displayed contrasting movements across official and parallel markets, with analysts predicting stronger performance in 2026 driven by agricultural improvements and lower inflation.
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582% Price Surge in Lagos: 2020 vs 2026 Receipt Comparison
A Nigerian X user's viral receipt comparison reveals a 582% price increase for groceries from 2020 to 2026, highlighting Nigeria's severe inflation crisis and its impact on household budgets.
Naira to Trade at N1,400-N1,500 in 2026, Experts Predict
Nigerian economy experts project the naira will stabilise between N1,400 and N1,500 per dollar in 2026, driven by oil reforms, capital inflows, and fiscal discipline.
World Bank $12M Loan for Nigerian IDP-Hosting States
The World Bank has approved a $12 million performance-linked loan for Nigerian states hosting internally displaced persons (IDPs) under a new federal project aimed at closing data gaps and improving IDP integration into development systems.
Naira Recovers as CBN Releases New Exchange Rate
The Nigerian naira appreciated against the US dollar, closing at N1,419.35 in the official market amid improved dollar supply and rising external reserves.
Naira Gains Against Dollar in Official Forex Market
The Nigerian naira appreciated against the US dollar in the official NAFEM market but showed mixed results against other currencies and at bank counters, with analysts pointing to oil revenues and CBN policies for support.
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IMF: Nigeria's Economy to Grow Faster by 2026
The International Monetary Fund projects Nigeria's economy will accelerate growth by 2026, driven by reforms and oil sector improvements, amid global economic challenges.
China's Population Falls, Birth Rate at Record Low
China's population has decreased for the second consecutive year, with the birth rate reaching an all-time low, raising concerns about long-term economic and social impacts.
Nigerians Fear Higher Bank Costs After VAT Transfer Stop
The suspension of VAT transfers to the Nigerian Revenue Service has sparked fears among citizens about possible increases in bank charges and service fees.
FG: Lagos Gold Refinery is Private, Not Government Project
The Federal Government clarifies that Nigeria's first gold refinery in Lagos is a private-sector initiative by Kian Smith, dismissing Northern Elders Forum's claims of regional bias as misleading.
Oxfam: Billionaires hit 3,000, control $3.5 trillion
Oxfam report reveals a record 3,000 billionaires in 2025, controlling over $3.5 trillion, as economic inequality surges. See the impact on Nigeria and democracy.
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Musk Hits $780bn, Four Nigerians on Forbes Billionaires List
Elon Musk's net worth soars to $780bn after xAI's valuation surge. Meanwhile, four Nigerian billionaires, led by Aliko Dangote, feature prominently on Forbes' Africa list, highlighting the continent's growing economic influence.
Nigeria's $49 Minimum Wage Ranks 11th in Africa
A 2026 report reveals stark minimum wage gaps across Africa. Nigeria's $49.18 monthly wage places it 11th among 15 nations, while Mauritius leads with $366. See the full ranking and analysis.
Abuja Food Prices Fall as NBS Reports Inflation Decline
A new survey shows food prices have dropped in Abuja markets after the festive season, with NBS data confirming a decline in monthly food inflation. Experts warn the relief may be temporary without long-term policies.
IMF Upgrades Nigeria's 2026 Economic Growth Outlook
The IMF has revised Nigeria's 2026 growth projection upward to 4.4%, citing sustained reforms and macroeconomic improvements. Discover the details and key risks.
Protesters Block Finance Minister, Gunshot Heard in Abuja
Tensions erupted at Nigeria's Finance Ministry as unpaid contractors blocked the minister. A gunshot was fired during the protest over N1.5 trillion debt. Read the full details.
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Naira at N1,490/$ as Parallel-Official Market Gap Widens
The Nigerian naira weakened to N1,490 per dollar in the parallel market, creating the widest gap with the official rate since February 2025. Get the full analysis of the forex pressures and CBN's latest moves.
Naira Appreciates to N1,417.95/$ in Official Market
The Nigerian naira strengthened by 0.25% against the US dollar last week, closing at N1,417.95/$. Analysts attribute the gain to improved liquidity but warn of vulnerability to dollar inflows.
Naira Gains 0.5% to Close Week at N1,417 Per Dollar
The Nigerian Naira appreciated to N1,417.95 per dollar, buoyed by rising external reserves. Analysts cite improved FX transparency and policy credibility for the positive trend. Read more on the economic outlook.
Nigeria's Food Inflation Drops: See Top 10 Costly States
NBS data shows Nigeria's food inflation fell to 10.84% in Dec 2025. Discover the 10 states where food was most expensive and the items that saw price drops. #NigeriaEconomy
Naira Rallies to N1,418/$ in Official and Parallel Markets
The Nigerian Naira recorded significant gains against the US Dollar on January 15, 2026, closing at N1,419.28 officially. This rally, driven by improved forex supply and a positive 4.49% GDP forecast, signals growing economic confidence. Read the full ana
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NEC Forms Committee for Tinubu's Legacy Projects
Nigeria's NEC resolves to accelerate non-oil revenue, forms a bipartisan committee for Tinubu's legacy projects, and reviews economic priorities for 2026. Read the full details.
Nigeria, 5 African Countries Delisted from EU High-Risk List
The EU has removed Nigeria and five other African nations from its financial high-risk list, following successful AML/CFT reforms and FATF delisting. This move is set to boost trade and investor confidence from January 29.
Nigeria's Inflation Cools to 15.15% in December 2025
Nigeria's inflation rate fell significantly to 15.15% in December 2025, down from 34.80% a year earlier. While food inflation moderated, high living costs continue to squeeze household budgets. Read the full analysis.
NESG Projects 5.5% Growth, 16% Inflation in 2026
The Nigerian Economic Summit Group projects economic growth of 5.5% and inflation of 16% for 2026, but warns a critical 18-month window exists to avoid policy reversals that could derail consolidation.
How Nigeria's Reforms Impact West & Central African Economies
IFC's Dahlia Khalifa explains how Nigeria's private-sector-led reforms in energy and agriculture are boosting productivity and job creation, setting a regional example. Discover the economic ripple effects.
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Nigeria's Import Index Rises 0.16% in Q3 2025
Nigeria's import price index increased by 0.16% in Q3 2025, driven by higher costs for building materials and footwear. The NBS report reveals a slight decline in the terms of trade. Read the full analysis.
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