Akwa Ibom Governor Umo Eno declared an education emergency, approves 2,000 new teachers and upgrades the state college of education to a university in Uyo.
Nigeria’s financial inclusion reached 73% in 2026, but just 30.7% were healthy as coping loans rose and 45.8% of formal-credit users faced repayment stress.
Naira strengthens in official and parallel markets as reserves top $54.72bn; dollar turnover falls 28.4%, with ₦1,300 projected by 2026 as naira gains persist.
The CBN cuts benchmark interest rate by 350 basis points to 23% as Nigeria's inflation eases, potentially lowering borrowing costs for businesses.
The CPPE has raised concerns over the growing presence of foreign traders in Nigeria’s retail market and called on FG for tighter scrutiny of business permits
Naira gains push the British pound below ₦1,800 as FX liquidity improves, while UK job data and BoE and Fed decisions shape the exchange rate outlook ahead.
CPPE urges government to review foreign participation in Nigeria’s retail trade, citing concerns over competition, employment, business permits and protection.
New data from NBS showed that Nigeria’s Q2 2026 trade data show China and India led major imports, while crude oil, gas and urea dominated exports to key markets.
President Tinubu says CNG and electric buses have reduced transport fares by up to 81% across seven states and the FCT, with further cuts expected from October 1.
Explore Nigeria’s most expensive neighbourhoods, from Banana Island to Maitama, where luxury homes cost billions and rents reach tens of millions of naira.
CBN absorbs N2.5tn in a heavily oversubscribed OMO auction as investors chase high yields, while tight liquidity sends naira to N1,331 per dollar.
Economy
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