Business

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By Peter Egwuatu 

Nigeria’s economic outlook for 2026 shows encouraging signs of stability and renewed business confidence, but  experts at PricewaterhouseCooper, PwC, warned that the gains remain fragile and highly exposed to oil market volatility, foreign exchange pressures and policy-induced shocks. 

This was the consensus at the PwC and Businessday Executive Roundtable, on Nigeria’s 2026 Budget and Economic Outlook, held in Lagos, where optimism was tempered by

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By Babajide Komolafe, Economy Editor

The Central Bank of Nigeria, CBN, yesterday removed the limit on cash deposit and raised the weekly cash withdrawal limits across all channels to N500,000 from N100,000.

The apex bank disclosed this in a circular to all banks titled, “Revised Cash-Related Policies”, signed by Dr. Rita Sike, Director, Financial Policy & Regulation Department.

The circular stated: “Effective January 1, 2026, the following cash-related policies, which are for