Tag: FX reforms

  • CBN projects faster growth and stronger reserves in 2026 as inflation eases

    CBN projects faster growth and stronger reserves in 2026 as inflation eases

    According to Premium Times, the CBN’s 2026 macro outlook projects faster economic expansion alongside further inflation moderation and stronger external buffers.

    The baseline assumes reform momentum continues—supporting business confidence, improving FX market credibility, and lifting investment planning if volatility stays contained.

    On prices, the outlook points to headline inflation easing further in 2026 as food and energy pressures cool and supply conditions improve, though risks remain from oil-output shocks and fiscal slippages.

    CBN also sketches a fiscal picture that still requires revenue reforms and expenditure discipline to avoid renewed macro stress.

    Vanguard reported the central bank forecast includes “a 4.49 per cent growth in GDP” and external reserves rising to “$51.04 billion.” Leadership similarly highlighted that CBN “forecasts $51bn external reserves in 2026.”

    Echotitbits take: This is cautious optimism, not a victory lap. Watch oil output, FX liquidity, and whether fiscal discipline holds—those will decide if the forecast becomes reality.

    Source: Premium Times – https://www.premiumtimesng.com/news/top-news/846528-nigerian-economy-expected-to-grow-4-49-in-2026-inflation-to-ease-cbn.html December 30, 2025
    Premium Times December 30, 2025

    Photo Credit: Premium Times

  • Nigeria’s FDI jumps to $720m in Q3 as investor appetite rebounds

    Nigeria’s FDI jumps to $720m in Q3 as investor appetite rebounds

    2025-12-31 08:14:00

    In an update published by PUNCH, the Central Bank of Nigeria’s balance-of-payments data shows foreign direct investment rose to about $720 million in Q3 2025—well above the prior quarter—signalling stronger long-term capital flows.

    The report links the uptick to improved long-term equity participation and reinvested earnings, with broader macro indicators providing a friendlier backdrop for foreign investors.

    While portfolio flows can swing fast, FDI is the stickier vote of confidence—typically tied to longer-horizon commitments and real-economy decisions.

    Validation: Radio Now said “Foreign direct investment into Nigeria jumped sharply to $720 million in the third quarter of 2025, up from $90 million in the second quarter.” and The Will reported “jumped to $720m in Q3 2025… marking the highest level this year.”

    Echotitbits take: The headline is strong, but sustainability matters more than a one-quarter spike. Watch Q4/Q1 continuity, sector breakdowns, and whether FX-market stability remains credible enough for long-term investors.

    Source: The Punch — 31 December 2025 (https://punchng.com/nigeria-attracts-720m-fdi-as-foreign-investment-rebounds/)

    The Punch 31 December 2025

    Photo Credit: The Punch

  • Nigeria posts ₦6.69tr Q3 trade surplus as exports stay ahead of imports

    Nigeria posts ₦6.69tr Q3 trade surplus as exports stay ahead of imports

    2025-12-15 08:00:00

    According to The Punch, Nigeria recorded a ₦6.69 trillion trade surplus in Q3 2025, with exports of about ₦22.81tn outweighing imports of about ₦16.12tn, continuing a run of positive trade balances.

    Punch quotes analysts attributing the performance to FX-market reforms, liberalisation and currency adjustments that improved export competitiveness while making some imports more costly.

    The report notes crude oil remained the dominant export, while stakeholders called for policy consistency and deeper non-oil export expansion to sustain gains.

    Analysis/Echotitbits take: A sustained surplus can ease external financing pressure, but it matters what’s driving it—higher export value-add or simply weaker import demand. Watch non-oil export momentum, crude output stability, and how FX policy affects manufacturers’ input costs.

    Source: The Guardian Nigeria News — December 12, 2025

    Photo credit/source: The Guardian Nigeria News

    The Guardian Nigeria News https://guardian.ng/business-services/nigeria-records-trade-surplus-of-n6-9tr-in-q2-2024-nbs/ December 12, 2025