Nigeria's President Bola Tinubu begins a three day state visit to France this Thursday, the first of its kind by a Nigerian leader in more than two decades, as Paris seeks to boost ties with English-speaking Africa.

The Central Bank of Nigeria’s cautious interest rate hike on Tuesday and optimistic messaging on inflation has some economists predicting its unprecedented two-year tightening cycle is over.

Nigeria's central bank raised its benchmark lending rate by 25 basis points to 27.50% on Tuesday, citing renewed inflationary pressures in Africa's most populous nation.

The Central Bank of Nigeria’s Monetary Policy Committee has raised the country’s interest rate by 25 basis points to 27.50 percent in November from 27.25 percent in September 2024. The Governor of CBN,