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Finance & Markets

IMF reviews SBP briefing ahead of policy-level talks

The International Monetary Fund has expressed satisfaction with a briefing from State Bank officials during Pakistan’s fourth review. The development comes as the IMF prepares to begin formal policy-level talks with Pakistan’s economic team. The IMF mission will travel from Karachi to Islamabad on Saturday for the next phase of discussions. According to finance ministry […]

We haven't written up this one. Daily Times has the full story — the link below goes straight to it.

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Nigeria’s external debt service falls to $870.7 million in Q2 2026

Nigeria paid $870.73 million to service its external debt in the second quarter of 2026, with interest payments accounting for more than half of the total.

  • Nigeria's external debt service in Q2 2026 was $870.73 million, down from $954.06 million.
  • Interest payments constituted 56.5% of the total debt service, totaling $491.73 million.

NFEM turnover falls 17.7% to $2.25 billion as CBN cuts MPR to 23% in second weekly decline

Turnover on the Nigerian Foreign Exchange Market (NFEM) fell 17.7% week-on-week to $2.25 billion in the week ended September 25, 2026, extending the market’s decline for a second consecutive week.

  • NFEM turnover fell 17.7% to $2.25 billion in week ending September 25, 2026
  • CBN reduced MPR by 350 basis points from 26.5% to 23%
  • Nigeria's external reserves reached $55 billion, highest in 18 years

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