CBN FX liberalisation: The apex bank has relaxed rules on domiciliary accounts, giving Nigerians “unrestricted access” to personal foreign-currency balances under its Foreign Exchange Manual 2026, while tightening documentation for exporters to improve FX liquidity and transparency. Tax pressure: Nigeria missed its Q1 2026 tax target by about $1.6bn as collections fell to N7.44tn versus N9.68tn projected, with weaker Companies Income Tax and lower petroleum royalties driving the shortfall. Fuel pricing reality check: Dangote Refinery cut ex-depot petrol by N25 (to N1,250/litre) and diesel to N1,700/litre, but most filling stations kept pump prices unchanged, offering little relief to motorists. Private sector momentum: Stanbic IBTC PMI showed Nigeria’s private sector growth hit a nine-month high in May, rising to 54.1 on stronger new orders and output despite cost pressures. Energy investment: Spiro raised $215m to expand EV battery-swapping across seven African markets, targeting more stations and new countries. Court and security: A Nigerian court sentenced four men to death by hanging over the 2022 Owo church attack, acquitting one; meanwhile, police released three NSCDC mining marshals detained over a colleague’s death after ministerial and presidential pressure. Banking expansion: CBN approved Abbey Mortgage Bank’s transition into a full commercial bank, widening retail, SME and digital services. Global trade shock: The US proposed additional tariffs on imports from countries including Bangladesh over forced-labour concerns, escalating trade tensions.