Economy

Budget

Cross River Assembly approves N642.16 billion for 2025 supplementary budget

Africa could generate $133 billion annually by closing $80 billion trade finance gap—GHIB CEO

Business News

Nigeria’s economic reforms: Governor insists President Tinubu is taking the right steps

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Economy

News and analysis on the Nigerian economy

IMF urges Nigeria to expand tax base, deepen regional trade for economic stability

by Olalekan Adigun

April 25, 2025

The International Monetary Fund (IMF) has called on the Federal Government of Nigeria to broaden its tax revenue base and...

Nigeria secures World Bank’s approval for $2.25 billion loan to boost reforms

World Bank projects Nigeria’s current account surplus to reach 9.4% of GDP by 2026

April 25, 2025

Nigeria’s current account surplus is projected to increase from 9.2% of GDP in 2024 to 9.4% by 2026, according to...

Over N10 trillion spent on refineries yet they don’t work, they’re better off sold – Taiwo Oyedele

FG: Tax reform bill to exempt real estate transactions from VAT, boost housing affordability in Nigeria

April 25, 2025

The Federal Government of Nigeria has said that the Tax Reform Bill, once enacted, will exempt real estate transactions from...

Nigeria accounts for 15% of the world’s poorest, says World Bank

by Olalekan Adigun

Nigeria is home to 19% of the extremely poor population in sub-Saharan Africa, the highest share across the region, according...

World Bank projects 3.6% economic growth for Nigeria in 2025, more optimistic than IMF’s forecast

by Tobi Tunji

The World Bank has projected that Nigeria’s economy will grow by 3.6% in 2025, building on an estimated 3.4% expansion...

IMF Projects 3% economic growth rate for Nigeria in 2025

Global public debt to surpass 100% of GDP by 2030 – IMF

The International Monetary Fund (IMF) has issued a warning about the rapid increase in global public debt, urging countries, particularly...

IMF warns Nigeria on inefficient spending, calls for prudent fiscal reforms to foster economic stability

The International Monetary Fund (IMF) has emphasized the urgent need for Nigeria to adopt prudent fiscal policies, ensuring efficient resource...

AI boom propels global stocks to best quarter in 5 years

Nigeria’s Carbon Market Policy to unlock $2.5 billion in investments by 2030 – Tinubu

by Olalekan Adigun

President Bola Ahmed Tinubu has announced that Nigeria’s newly finalised Carbon Market Activation Policy is poised to unlock up to...

CBN sets N650,000 as accreditation fee for personalised cheques

Currencies

Nigeria records $15.2 billion net FX inflow in Q1 2025 as reforms deepen market liquidity

by Tobi Tunji

Nigeria recorded a net foreign exchange (FX) inflow of $15.20 billion in the first quarter of 2025

New Loans: We have budgetary approval for N1.7 trillion in new external borrowing-DMO

Nigeria in advanced talks to re-enter JP Morgan bond index before end of year

by Chike Olisah