Currency outside banks rises 119% as banks’ reserves up 79%
Peter Egwuatu Currency outside banks in Nigeria more than doubled in three years, rising by 119.3 per cent between August 2023 and August 2026, according to the Central Bank of Nigeria, CBN’s Money and Credit Statistics. The amount of currency outside the banking system increased to N4.874 trillion in August 2026, from N2.223 trillion in […]
Domestic stock investors dominate trade as portfolio transactions surge 42%
By Peter Egwuatu Domestic investors have recorded significant growth for the bulk of activity on the Nigerian Exchange Limited (NGX) in December 2025, as total domestic and foreign portfolio transactions rose sharply to N1.38 trillion, reflecting a 42.13 per cent increase from N0.97 trillion recorded in November 2025. The NGX Domestic and Foreign Portfolio Investment, FPI, […]
ASSET SALES: LCCI demands transparency, investment of proceeds in infrastructure
By Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has called for transparency and accountability in the proposed sale and privatisation of national assets by the federal government in the 2026 budget, while urging that the proceeds from the sale be invested in infrastructure development. President of LCCI, Engr. Leye Kupoluyi, made the call […]
2026 Macroeconomic Outlook: EnterpriseNGR report presentation sees further stability
This was the major content in the 2026 EnterpriseNGR macroeconomic outlook launched yesterday in Lagos.
FINANCIAL INCLUSION: Nigeria still behind target – CBN
By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, has said 74 percent of Nigerians have been covered under its financial inclusion program as at first half of 2025 (H1’25). Disclosing this in its latest Financial Stability Report, the apex bank stated: ‘‘At end-June 2025, the percentage of financially included Nigerians stood at 74 per cent.” The […]
Nigeria shows strong recovery, says Oduwole at World Economic Forum
By Progress Godfrey ABUJA — The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, has said that Nigeria’s economy is showing strong signs of recovery, with growth above four percent, inflation falling, and renewed interest from local and foreign investors. Oduwole said the country’s economic reforms, investment drive and global partnerships are reshaping Nigeria’s outlook […]
