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Recent Blogs
Jul
15
Inflation Eases to 15.91% in June Ahead of Key Rate Decision
Nigeria’s headline inflation slowed to 15.91 per cent in June 2026 — the first deceleration in five months — arriving just ahead of a closely watched interest-rate decision. The timing matters enormously for monetary policy. A cooling print strengthens the case for the Monetary Policy Committee to hold rates steady rather than tighten further, after […]
Jul
15
Crude Oil Production Hits 74-Month High, Surpasses OPEC Quota in June
Nigeria’s crude oil production averaged 1.56 million barrels per day in June 2026 — the country’s highest monthly output in 74 months, and enough to push it past the production quota assigned by the Organisation of the Petroleum Exporting Countries (OPEC). Crossing the OPEC quota is a symbolic and practical milestone. For years, Nigeria chronically […]
Jul
15
Naira Closes at N1,381/$ as External Reserves Hit $51.74bn
The naira weakened at the official foreign exchange market last week, closing at N1,381.70 to the US dollar — even as Nigeria’s external buffers strengthened to multi-year highs. Foreign reserves climbed to $51.74 billion, the strongest level in years, giving the Central Bank of Nigeria considerably more firepower to smooth volatility in the FX market […]