- PenCom Advances Pension Administration With New Reforms
- Nigeria’s Oil Reforms Will Unlock $50bn Deep Offshore Investments -Tinubu
- EFCC Opposes Diezani’s Plea to Present Evidence of UK Court Judgment Acquitting Her
- Rand Drops Against Crosses on Global Risk Sentiment Shifts
- U.S., European Stocks Rally, AI Demand Drive Global Risk Appetite
- Cyber Attacks Raise Operational Risks for Financial Institutions
- Funding Costs Moderate as Financial System Liquidity Tops N5trn
- Naira Weakens on FX Liquidity Shortfall, Dollar Spread Widens
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Nigeria’s naira has endured a prolonged stress test since mid-2023, when authorities dismantled key currency controls and moved toward a unified FX rate.
In today’s volatile economic climate, saving money is no longer just a prudent habit—it is a strategic necessity. The constantly rising cost of living, inflationary pressures, and currency fluctuations have redefined what it means to be financially secure. The difference now lies not in whether people save, but in how they save.
Africa’s investment story has shifted decisively. While global foreign direct investment fell 11% in 2024 and continued declining into 2025, Africa bucked the trend entirely — recording a 75% jump in FDI inflows to a record USD 97 billion.
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Nigeria’s headline inflation rate edged higher to 15.69% in April 2026 from 15.38% recorded in March, according to the latest data released by the National Bureau of Statistics, marking the highest inflation reading in five months despite remaining significantly below the 26.82% level recorded in April 2025.
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