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Nigeria’s FX Market Update Q2,2025

The Nigeria FX Market Update for Q2 2025, prepared from the Central Bank of Nigeria’s latest Statistical Bulletin. Summary Key Highlights FX pressures in Q2 2025 were driven primarily by a 53% q/q rise in invisibles, led by financial services, which increased to US$5.58bn, consistent with heightened portfolio-related and capital-market transactions. Import-related FX demand rose […]

FMDA’s Weekly Market Report December 22, 2025

Weekly Market Insights: Global Trends and Local Implications Global markets continued to tilt toward monetary easing, with the U.S. Federal Reserve and the Bank of England cutting rates, while several other central banks either eased policy or signaled flexibility. This strengthens expectations that Nigeria could begin a gradual rate-cut cycle in 2026, especially as domestic […]

Nigeria’s Inflation Rate November 2025

Key Highlights on Inflation figure in November 2025 Inflation eased for the eighth consecutive month, falling to 14.45 percent year-on-year in November from 16.05 percent in October, signalling a slowdown in annual price growth. However, inflation in November increased by 1.22% Month-on-Month (MoM), accelerating from October, and was driven mainly by transport, health, and service-related […]

FMDA’s Weekly Market Report December 15, 2025

Weekly Market Insights: Global Trends and Local Implications Global markets tilted further toward monetary easing this week, with the US cutting rates and several central banks either easing or signaling policy flexibility. This reinforces expectations that Nigeria could begin a gradual rate-cut cycle in 2026. Expectations that global oil supply will exceed demand by about […]

FMDA’s Monthly Report-November-2025

FMDA’s Monthly report-November-2025: Highlights Global inflation eased broadly in November, prompting several central banks, including the Fed, South Africa, New Zealand, and Mexico to shift toward monetary easing. This reinforces expectations that domestic rates in Nigeria may gradually move lower in early 2026, despite the CBN holding MPR at 27% at its November meeting. Seasonal […]

Monetary and Credit Statistics October 2025

CBN October 2025 Money and Credit Data – Key Highlights and Insights The Central Bank of Nigeria (CBN) has released the Monetary and Credit Statistics for October 2025, providing updated insight into system liquidity, money supply movements, and credit dynamics.  Below are the key highlights: Key Highlights (October 2025)  Broad Money Supply (M3): Increased slightly […]

Nigeria’s Inflation Rate October 2025

Key Highlights on Inflation figure in October 2025 Year-on-year inflation eased to 16.05%, indicating a slowdown in annual price growth. Month-on-month inflation increased to 0.93%, signalling short-term price pressures. Although prices are still rising, the rate of increase has slowed compared to last year Download full report here

FMDA’s Weekly Market Report for the Week Ending November 14, 2025

KEY HIGHLIGHTS FROM THE FMDA WEEKLY MARKET REPORT FOR THE WEEK ENDING NOVEMBER 14, 2025 Global Context: Disinflation trends are strengthening, with expectations for further interest rate cuts in the U.S. and other major economies. However, concerns over crude oil oversupply continue to weigh on prices. Nigeria’s Outlook: S&P Global revised Nigeria’s sovereign credit outlook […]