Macroeconomic analysis and commentary on the Nigerian economy.
The CBN has granted JPMorgan approval-in-principle to set up JPMorgan Merchant Bank Nigeria Limited. It is not yet a licence, but it is a strong vote of confidence in Nigeria’s post-recapitalisation banking sector. Here is what it means for competition, for investors, and for the way big-ticket finance is done in Nigeria.
Nigeria’s headline inflation slowed to 14.63% in September 2026, and monthly price growth was almost flat at 0.06%. But food inflation is still close to 20%, and energy inflation more than doubled. Here is what the NBS data means for bonds, T-bills, equities and the CBN’s next move.
Nigeria's GDP grew 4.43% year-on-year in Q2 2026, the fastest pace in the current series, as NBS data shows agriculture rebounding, oil output climbing to 1.72mbpd, and telecoms and financial services leading a broadening — if uneven — recovery.
Nigeria’s solar industry is moving beyond equipment imports as local manufacturers and government-backed initiatives expand domestic panel production. Companies including Auxano Solar, Salpha Energy and Oando Clean Energy are investing in manufacturing capacity, while large-scale projects could reshape Nigeria’s renewable-energy supply chain. The emerging solar manufacturing industry presents new opportunities—and significant execution challenges—for investors.
Nigeria’s inflation is easing, the naira is more stable, interest rates are falling, and economic growth is improving. Yet many households and businesses continue to struggle with high living costs. This apparent contradiction is explained by one crucial distinction: disinflation is not deflation. Prices are still rising, only more slowly. This article explores why macroeconomic recovery has not yet translated into everyday financial relief and provides practical strategies for individuals, households, small businesses and investors to protect purchasing power, manage risk and position themselves for opportunities in Nigeria’s evolving economic environment.