Economy

The presidential candidate of the Labour Party (LP) in the 2023 general elections, Peter Obi, has raised fresh concerns over...

Trump to conclude deals with partner countries in four weeks amid global tariff tension

President Donald Trump has expressed optimism about finalizing trade agreements with U.S. partners seeking lower tariffs, stating that negotiations could...

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

by Olalekan Adigun

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

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

Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms

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

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