In a bid to have more liquid assets to pay off current liabilities, the biggest banks in Nigeria have collectively reported a 120.7 percent increase in total cash and cash equivalents in the nine months of 2024.

In 2024, commodity prices were projected to soften by 3 percent. Further declines are expected in 2025 and 2026, with the World Bank projecting that commodities will hit their lowest level post-COVID in 2026.

Although not yet popular investment instruments in Nigeria, some Exchange-Traded Funds (ETFs) emerged as standout asset classes in 2024. Some ETFs delivered impressive returns, with 8 of the 12 ETFs

The Monetary Policy Committee meeting, which is held bi-monthly has been postponed to February 17 and 18, three months after the last meeting in November, as authorities buy time for the rebased inflation figures.