Economy

Latest Economy News

FG disputes World Bank’s 124% debt servicing to revenue estimates

The Ministry of Finance has faulted the World Bank’s recent analysis of…

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Large foreign reserves don’t mean Nigeria is better off, says Chike-Obi

Mustafa Chike-Obi, former chairman of Fidelity Bank, says maintaining Nigeria’s $52 billion…

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IMF warns Nigeria against restoring petrol subsidy

The International Monetary Fund (IMF) has advised Nigeria against restoring broad petrol…

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IMF raises Nigeria’s growth forecast to 4.2%, urges cash transfers for poor households

The International Monetary Fund (IMF) has slightly upgraded its 2026 growth projection…

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Atiku tackles Tinubu over government’s borrowing, spending

  The presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar,…

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Nigeria’s debt hits N166.8tn, jumps N7.4tn in three months

Nigeria’s public debt stock has surged to N166.79tn, rising by N7.44tn in…

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CBN cuts interest rate to 23%, highest in 20 years

The Central Bank of Nigeria has cut its benchmark Monetary Policy Rate…

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Tinubu’s $50bn FDI pledges yield just $2.06bn actual inflows

President Bola Tinubu’s administration has secured more than $50 billion in foreign…

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APC unveils Tinubu’s $1tn economic roadmap

The All Progressives Congress (APC) has unveiled an ambitious economic blueprint for…

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Moody’s revises Nigeria’s outlook to positive on strong economic growth

Moody’s Ratings, a US-based rating agency, has revised Nigeria’s sovereign outlook to…

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