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In a striking turnaround that few would have predicted just a few years ago, foreign investors are pouring back into Nigeria’s equities market with unprecedented force. International deal volumes on the Nigerian Exchange (NGX) surged to a staggering $1.97 billion.
The Central Bank of Nigeria (CBN) delivered its first policy easing of 2026 on February 24, announcing a 50 basis point cut in the Monetary Policy Rate (MPR) to 26.5% from 27%. This marks a cautious but meaningful pivot after more than a year of aggressive tightening.
Leveraging the 75% anticipated revenue uplift from the cashless mandate, which digitises gates, parks, lounges, and fees, post-implementation IGR could reach $271.6 million (₦364 billion) annually, assuming seamless rollout.
This will be Godongwana’s second budget under the Government of National Unity (GNU) and comes at a delicate political moment. With 2026 shaping up as a year of heightened electoral sensitivity.
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Y Combinator-backed fintech Bujeti has launched a tax management product…
Planning to make contactless payments? Cardtonic Introduces Platinum Card to…
Target Yield offers Nigerians a disciplined goal-driven investment structure with…
In Nigeria’s fast-evolving financial ecosystem, one persistent challenge continues to…
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Post hereY Combinator-backed fintech Bujeti has launched a tax management product…
Planning to make contactless payments? Cardtonic Introduces Platinum Card to…
Target Yield offers Nigerians a disciplined goal-driven investment structure with…
In Nigeria’s fast-evolving financial ecosystem, one persistent challenge continues to…
You can post on Techpoint Africa too!
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Africa’s cement capacity spans the continent, but 2024 results show profits concentrated in Nigeria and Morocco, exposing sharp regional divides in margins and resilience.
A growing divergence between Nigeria’s foreign portfolio investments and FDI inflows has reawakened concerns about investor appetite for longer-term commitments in the West African economy.
Why carbon markets are emerging as a tool not just for emissions reduction, but for supporting jobs, infrastructure, and community development across Africa
Kenya is reviving negotiations with the US as its trade deficit with Washington widens sharply, underscoring growing pressure on Nairobi to rebalance trade flows with one of its largest export markets.
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