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Market Review

Nigeria’s Fixed Income and Equity Markets Weather Global Volatility

Nigeria’s foreign reserves declined further from the end of March 2026 to April 1, 2026, easing from $49.48 billion to $49.18 billion, with a gross amount of approximately $300.34 million (-0.61%). Blocked funds mirrored the easing from $751.41 million to $743.14 million (-1.11%), and a blocked reserve ratio of 1.51%, displaying heightened external shocks and FX liquidity pressure.

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Policy Dive

POLICY DEEP DIVE

Nigeria’s reform drive centers on fiscal transparency, industrial growth, and financial resilience. Policies like direct oil revenue remittance, the shea nut export ban, and bank recapitalisation show a push to fix inefficiencies that have long weakened governance, competitiveness, and stability.

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