Where Nigerian boards
read the economy.
Four destinations. One editorial standard. Watches, weekly briefs, sector deep-dives and the annual Outlook — all distilled for time-poor executives.
Pick how you want to read the economy.
The Watches
Six live indicators every Nigerian executive should watch — with source citation and weekly archive.
Open 02The Outlier Brief
Weekly executive intelligence in 1,200 words. Read by CFOs, treasurers and boards across the top 200 enterprises.
Open 03Flagship Outlook
140 pages. 12 sectors. Scenario forecasts for inflation, FX, oil, capital flows and policy.
Open 04Sector Intelligence
Banking, energy, FMCG, telecom and public sector — quarterly deep-dives with the numbers that matter.
OpenThis week, from the desk.
Five sectors. One lens.
Quarterly deep-dives that translate macro into operating decisions — for boards, lenders and investors.
Banking & Financial Services
Nigerian banks rode the high-rate cycle to strong margins. As rates turn and recapitalisation reshapes the field, 2026 demands a pivot from rate-spread reliance to fee income, digital and disciplined deployment of fresh capital.
Open sectorManufacturing
Nigeria's manufacturing sector contributed 8.6% to Q1 2026 GDP. Capacity utilisation recovered to 57% (Q4 2025: 53%) as FX availability improved and PMS price stability lowered logistics costs.
Open sectorBanking & Financial Services
Tier-1 recapitalisation is largely complete; Tier-2 banks are mid-cycle. Sector ROE has rebounded to ~24% as NIM expanded with high MPR and asset quality stabilised at sub-5% NPL ratio.
Open sectorConsumer Goods & FMCG
2026 is a tug-of-war between easing inflation and exhausted household budgets. Headline disinflation is real, food costs remain elevated and purchasing power is weak. Winning means pack-price architecture, disciplined pricing and positioning for the eventual demand recovery.
Open sectorSME & Mid-Market
Nigeria's ~40 million MSMEs continue to operate under financing and FX-access constraints. The 2026 CBN MSME Refinancing Window has disbursed N420bn YTD against a N1trn target.
Open sectorDownstream & Refining
Large-scale domestic refining has restructured the downstream sector. With Nigeria now a net exporter of refined products, the economics of supply, distribution and pricing have shifted decisively.
Open sectorTelecommunications & ICT
Higher tariffs, sustained capex demand and the deepening data economy define the sector. Telecoms remain Nigeria's most consequential digital-infrastructure layer, with margins improving as tariff relief catches up to FX-adjusted costs.
Open sectorAgriculture & Agribusiness
Agriculture rebounded in Q1 2026 after a near-flat 2025, supported by improved security in some belts, naira stability for input imports, and policy attention. The sector is investable — food security has become a business model.
Open sectorPower & Utilities
An advisory briefing on Nigeria's power and utilities sector: why substantial installed capacity still yields chronic grid unreliability, how partial tariff reform and Electricity Act 2023 decentralisation are reshaping the market, and what the migration toward state, captive and off-grid power means for boards, investors and lenders. Figures are point-in-time and should be monitored for subsequent regulatory updates.
Open sectorThe Outlier Brief.
Inflation, FX, MPR, fiscal & macro signals for Nigerian boards.
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