Vatican Handshake: Can Tinubu Navigate Nigeria Among Trump’s Tariffs, Chinese Dumping and the American Pope?

By Ikenna Promise Igwe As President Bola Tinubu joined world leaders in Vatican City on Sunday, May 18, 2025, to witness the historic inauguration of Pope Leo XIV—the first American pontiff—Nigeria found itself at the convergence of three powerful global forces that will shape its economic destiny. The presidential handshake with the new Pope symbolizes … [Read more…]

JUST-IN: CBN retains interest rate at 27.5%, keeps CRR at 50%, liquidity ratio at 30%

The Central Bank of Nigeria (CBN) has voted to retain the Monetary Policy Rate (MPR) at 27.5%, following its 300th Monetary Policy Committee (MPC) meeting held in Abuja. This was disclosed by the apex bank’s Governor Olayemi Cardoso during the post-MPC press briefing on Tuesday. Key Monetary Policy Decisions:  Monetary Policy Rate (MPR): Retained at … [Read more…]

Trump’s America or China’s Playground? Nigeria’s Bitter Economic Choice

Ikenna Igwe

By Ikenna Igwe As markets reel from Donald Trump’s return to the White House, Nigeria—Africa’s largest economy—finds itself caught in a geopolitical vise grip that threatens to reshape its economic future. The administration’s aggressive “America First” policies are already sending shockwaves through Nigeria’s oil-dependent economy, forcing an urgent rethinking of decades-old economic partnerships. OIL AMBITIONS … [Read more…]

36th Enugu Int’l Trade Fair: Mbah Prioritises Busines-Friendly Environment, SMEs

Barr. Ifeanyi Ossai

Governor of Enugu State, Dr. Peter Mbah, has pledged continuous improvement of Ease of Doing Business in the state. Mbah also pledged continuous support to Small and Medium Scale Enterprises, SMEs, which he described as the lifeblood of any economy. The governor gave the assurances at the weekend while declaring open the 36th edition of … [Read more…]

Trump slams 14% tariff on Nigeria export to US, other countries affected

In a sweeping move that could redefine global commerce, U.S. President Donald Trump has announced a baseline 10% tariff on all U.S. imports, alongside sharper, country-specific reciprocal tariffs aimed at nations that impose steeper duties on American goods. Exports from Nigeria to the US will attract a 14% tariff compared to the 27% that the US government … [Read more…]

CBN sells N678bn treasury bills, as investor subscriptions hit N1.27trn

The Central Bank of Nigeria (CBN) sold N678 billion worth of Treasury bills (T-bills) in its latest auction, despite total investor subscriptions reaching N1.27 trillion, highlighting strong demand amid tight market liquidity. At the NTB PMA auction conducted by the Debt Management Office (DMO) recently, the yield spiked to 22.52 percent from 21.68 percent due to … [Read more…]

CBN introduces ATM transaction fees beginning March 1

The Central Bank of Nigeria (CBN) has reviewed upwards the fees charged on Automated Teller Machine (ATM) withdrawals effective March 1. In a circular, CBN Acting Director, Financial Policy & Regulation Department,  John Onojah, explained that the revised charges will address increasing operational costs and enhance the efficiency of banking services. Under the new rules, customers … [Read more…]