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- Indexed articles, last 90 days
- 6
- Latest publication
- Sep 22, 2026
- Outlet visibility, for CNBC Africa
- Top 500K sites
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- Jul 15, 2026
Latest articles
Nigeria central bank surprises with rate cut, citing divergence with market rates | CNBC Africa (opens the original)
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ABUJA, Sept 22 (Reuters) – Nigeria’s central bank lowered its benchmark lending rate by 350 basis points to 23% on Tuesday, in a surprise move it said was aimed at strengthening monetary policy transmission. All seven economists polled by Reuters had predicted the Central Bank of Nigeria would leave the rate unchanged at 26.5% for the third policy meeting in a row. Governor Olayemi Cardoso told a press conference that the rate reduction should be seen as “an operational reset to enhance the effe
Nigeria Q2 current account surplus jumps 68% on oil exports, remittances | CNBC Africa (opens the original)
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ABUJA, Sept 18 (Reuters) – Nigeria’s current account surplus widened 68% to $7.54 billion in the second quarter, boosted by higher oil, gas and refined petroleum products exports, stronger remittance inflows and increased foreign portfolio investment, Central Bank of Nigeria balance of payments data showed on Friday. The data point to a strengthening external position for Africa’s biggest oil producer, with export earnings rising sharply, foreign reserves climbing above $51 billion and the overa
Nigeria consumer inflation at 15.43% y/y in July, statistics office says | CNBC Africa (opens the original)
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ABUJA, Aug 17 (Reuters) – Nigeria’s headline consumer inflation fell to 15.43% year-on-year in July from 15.91% in June, the statistics office said on Monday. Price pressure began accelerating again in March after the U.S.-Israeli war against Iran triggered domestic fuel price hikes, snapping an 11-month run of easing price pressures in Africa’s most populous country. Since then the central bank has paused interest rate cuts, saying caution was needed because of the hostilities in the Middle Eas
Nigeria approves deep-water oil investment framework aimed at unlocking $50 bln | CNBC Africa (opens the original)
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ABUJA (Reuters) – Nigerian President Bola Tinubu approved a new regulatory and fiscal framework for offshore oil and gas projects, his office said on Tuesday, a move the government says could attract up to $50 billion in investment and revive long-delayed developments. Nigeria has struggled in recent years to attract new upstream oil investment amid regulatory uncertainty, high project costs and competition from other oil-producing jurisdictions. Presidential spokesperson Bayo Onanuga said the D
Nigeria central bank maintains key rate, citing renewed U.S.-Iran hostilities | CNBC Africa (opens the original)
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ABUJA, July 21 (Reuters) – Nigeria’s central bank kept its monetary policy rate unchanged at 26.50% on Tuesday, saying a cautious approach was needed given renewed fighting between the U.S. and Iran in recent weeks. The decision was in line with the forecast in a Reuters poll of economists. It was the second “hold” decision in a row. Headline inflation was marginally lower at 15.91% year-on-year in June, but price pressures could build again after the resumption of conflict in the Middle East in
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