On Monday, the Federal Executive Council of Nigeria approved nearly three trillion naira in new spending during a single meeting. The funding is allocated for various sectors including roads, health, ports, and youth service reform, with a financing package amounting to billions of naira, according to Leadership (NG).

According to the Central Bank of Nigeria's monthly economic report for February 2026, net foreign exchange inflow into the economy decreased by 24 percent month-on-month, falling to $6.92 billion from $9.22 billion in January. The report indicated that this decline was driven by various factors, although specific reasons were not detailed in the blurb.

The naira has stabilised at N1,370.19 per USD, attributed to the Central Bank of Nigeria's (CBN) intervention which has reduced volatility in the currency market. This stability is further supported by rising global oil prices, which are seen as promising for Nigeria's economy.

Foreign exchange turnover in the Nigerian Foreign Exchange Market (NFEM) fell sharply on Monday, September 7, dropping to N107.07 million, its lowest level in five months, according to Nairametrics. The decline in trading activity came as the naira strengthened against the US dollar, firming to N1,320 per dollar. The report highlights a notable slowdown in market turnover even as the local currency recorded gains in the official foreign exchange window.

Former Vice President Atiku Abubakar has criticised President Bola Tinubu's administration over N24.7 trillion in domestic borrowing, arguing that the debt is choking Nigerian businesses. According to Legit.ng, Atiku questioned the rationale for the borrowing at a time of higher oil prices and rising government revenues, suggesting the government's fiscal approach is placing undue pressure on the private sector and the wider economy.

Nigeria recorded a trade surplus of N12.59 trillion in the second quarter of 2026, according to the National Bureau of Statistics. The NBS said total foreign trade with other countries reached N41.44 trillion during the period, with the surplus representing a 101.32% increase compared with the same quarter a year earlier. The figures come from the bureau’s Foreign Trade report and point to stronger export earnings relative to imports, though the blurb does not provide sector breakdowns.