Economy

Latest Economy News

No final decision on $5bn oil-backed loan from Saudi Aramco — FG

  The Federal Government, yesterday, said no final decision has been taken…

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FG to concession major national projects to repay loans – Finance minister

The Federal Government says it is moving toward a self-financing infrastructure model…

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Concerns mount over Tinubu’s $24bn loan request

  Nigeria’s public debt is on track for a dramatic escalation as…

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Nigeria’s debt service payments rise 49% in 4 months

  Nigeria’s debt service payments rose by 49.2 percent year-on-year, YoY, to…

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Again, CBN retains interest rate at 27.5 %

In line with expectations, the Monetary Policy Committee of the Central Bank…

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Nigeria’s food imports surge 16% to $2.5bn

  At the backdrop of the rising food insecurity caused by intensified…

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Despite subsidy removal, NNPC’s FAAC remittance dropped by N500bn in 2024, says World Bank

  The World Bank says revenue remitted by the Nigerian National Petroleum…

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Nigeria’s inflation rate dips to 23.7%

  The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate…

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EXPLAINER: Despite IMF loan repayment, Nigeria debts nears $230bn

Nigeria has fully repaid its $3.4 billion COVID-19 loan borrowed from the…

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Nigeria’s excess crude account balance drops to $473,754

The  Accountant-General of the Federation (AcGF), Shamseldeen Ogunjimi has revealed that the…

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