Economy
NACC Gathers Power Brokers for 2026 Economic Forecast, Honours Odugbemi
NACC’s 2026 Economic Roundtable unites policymakers and investors in Lagos and honours filmmaker Femi Odugbemi for creative excellence
The Nigerian-American Chamber of Commerce, NACC, will host its 2026 Annual Breakfast Roundtable on February 17, 2026, in Lagos, bringing senior government officials, business leaders and development partners together to assess Nigeria’s economic direction and reform prospects.
Also read: Vice President Shettima to Attend NACC 65th Anniversary Gala in Lagos
The high-level forum, themed “Forecasting the 2026 Economic Horizon for Nigeria”, will take place at The Hall, Four Points by Sheraton Hotel, Oniru, Victoria Island.
It is expected to provide a decisive platform for dialogue on economic stability, growth and investment opportunities.
The event will be hosted by the National President of the Nigerian-American Chamber of Commerce, Alhaji Sheriff Balogun.
The Chief Executive Officer of the Nigerian Economic Summit Group, Dr Tayo Aduloju, will deliver the keynote address, setting the tone for discussions on fiscal policy, structural reforms and private-sector confidence.
A special presentation on the Nigeria-United States economic and commercial outlook will be delivered by Dr Michael Ervin, Political and Economic Section Chief at the United States Consulate General in Lagos.
The Chairman of the International Chamber of Commerce, Nigeria, Dr Raymond Ihyembe, will also present a goodwill message.
Discussions at the NACC 2026 Economic Roundtable will focus on macroeconomic stability, inflation control, exchange rate dynamics, fiscal sustainability, job creation and economic diversification.
Particular attention will be paid to growth potential in non-oil sectors, including agriculture, manufacturing, financial services, telecommunications and the digital economy.
A distinguished panel featuring representatives of the Central Bank of Nigeria, the International Monetary Fund, the World Bank Group, the ECOWAS Commission and leading business associations will provide expert insights.
Contributors include Dr Christian Ebeke, Nigeria Country Representative of the IMF; Dr Samer Matta, Senior Economist for Nigeria at the World Bank; Prof Kenneth Ike of the ECOWAS Commission; Engr Jani Ibrahim, National President of NACCIMA; and Dr Tope Fasua, Special Adviser to the President on Economic Matters.
The session will be moderated by international economist Dr Adesuwa O. Erediauwa.
Beyond economic policy discussions, the Chamber will honour renowned filmmaker and media entrepreneur Femi Odugbemi with the Creative Industry Excellence Award.
The recognition celebrates Odugbemi’s influential contributions to African storytelling, film, television and creative entrepreneurship.
Femi Odugbemi, Founder and Chief Executive Officer of Zuri24 Media and co-founder of the iREP International Documentary Film Forum, is a multiple award-winning filmmaker and a voting member of both the Academy of Motion Picture Arts and Sciences and the Academy of Television Arts and Sciences.
His screen credits include Tinsel, Battleground, Brethren, Covenant, Gidi Blues and Bariga Boy.
Organisers said the award reflects the Chamber’s commitment to recognising innovation and leadership that support Nigeria’s economic diversification and global competitiveness.
Also read: Col. Sani Bello honoured with lifetime achievement award at NACC gala
The NACC 2026 Economic Roundtable is expected to attract top executives, investors, diplomats and policymakers, reinforcing its reputation as one of Nigeria’s most influential private-sector dialogue platforms.
Cash outside Nigerian banks rose to N4.92tn in September 2026 as Nigeria’s broad money supply increased to N146.6tn, CBN data show
Cash outside Nigerian banks rose to N4.92tn in September 2026, an increase of N48.73bn from the N4.87tn recorded in August, according to monetary data published by the Central Bank of Nigeria.
Also read: UCL: Nico Paz Scores Twice as Como Crush Man United
The latest figures also showed an expansion in Nigeria’s broad money supply, which increased to N146.6tn in September from N139.09tn in the previous month.
The growth represents an increase of N7.51tn within one month, reflecting a broader expansion in the amount of money circulating across the economy.
The CBN data further showed that narrow money, which consists of currency in circulation and highly liquid deposits, rose to N44.05tn in September from N43.11tn in August.
Cash held outside banks refers to physical currency kept by individuals and businesses rather than within the banking system.
Broad money, by contrast, covers a wider range of monetary assets, including cash, demand deposits, savings and time deposits, as well as foreign currency deposits.
Nigeria’s broad money supply increased by 18.3 per cent between January and September, rising from N123.95tn to N146.6tn, the data indicated.
The latest increase followed the CBN’s decision in September to reduce its benchmark interest rate by 350 basis points, bringing it down from 26.5 per cent to 23 per cent.
The reduction was reported as the largest cut in the benchmark rate since December 2006.
Despite the rate cut, the Monetary Policy Committee retained the Cash Reserve Requirement for commercial banks at 45 per cent and merchant banks at 16 per cent.
The committee also maintained the 75 per cent reserve requirement on non-Treasury Single Account public-sector deposits.
The Cash Reserve Requirement determines the proportion of eligible deposits that banks must hold as reserves with the central bank.
It is one of the monetary policy tools used to influence banking-sector liquidity and credit conditions.
The rise in cash outside Nigerian banks formed part of the broader increase in money supply.
Also read: UCL: Nico Paz Scores Twice as Como Crush Man United
However, the figures alone do not establish why households and businesses held more physical cash or how much of the increase was driven by spending, savings behaviour or other economic factors.
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