Economy

The Federal Government, state governments and local government councils have shared a total sum of N2.094 trillion as Federation Account Revenue for October 2025. This was disclosed in a statement by the Director of press, Office of the Accountant-General of the Federation (OAGF), Mr. Bawa Mokwa, who said the allocation…

Retired workers of the defunct NITEL–MTEL on Tuesday staged a peaceful protest at the Federal Ministry of Finance, demanding the immediate payment of 35 months of unpaid pension arrears and other outstanding entitlements owed to them under the Defined Benefits Scheme (DBS). Addressing journalists during the protest, the spokesman of…

The Federation Account Allocation Committee (FAAC) has shared a total sum of N2.103 trillion as Federation Account revenue for September 2025 to the Federal Government, States, and Local Government Councils (LGCs). The allocation was made at the October 2025 FAAC meeting held in Abuja. The N2.103 trillion total distributable revenue…

Nigeria’s headline inflation rate fell for the sixth consecutive month in September, easing to 18.02 percent, its lowest level in three years. according to new data released by the National Bureau of Statistics (NBS). Core inflation slowed to 19.53 percent, while food inflation moderated to 16.87 percent over the same…

As the various economic reforms policy of President Bola Tinubu is taking its toll on the financial wellbeing of most Nigerians, the Central Bank of Nigeria (CBN) too is not only showing that it’s aware of the concomitant pains that must come with the policy, but is also advancing on…

While many Nigerians continue to express frustration over the rising cost of living and the short-term pains of economic restructuring, global confidence in the country’s reform trajectory is growing. Two of the world’s most respected financial institutions the International Monetary Fund (IMF) and Moody’s have commended the federal government’s bold…

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to retain the benchmark interest rate at 27.5% for the second consecutive time, as part of ongoing efforts to sustain the momentum of disinflation. Speaking at the end of the MPC’s July meeting in Abuja on…

The Office of the Accountant General of the Federation (OAGF) has confirmed a delay in the payment of June 2025 salaries to some Federal Government workers, especially those whose bank accounts are domiciled with Zenith Bank Plc. In a statement issued on Friday, the OAGF Director of Press and Public…

Reversing years of economic volatility, the International Monetary Fund’s latest Article IV Consultation affirms a new reality: Nigeria is making meaningful progress following a series of significant structural reforms to restore financial discipline and credibility.  The IMF commended Nigeria’s authorities for bold and politically difficult policies that have “improved macroeconomic…

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, today, has welcomed the release of the International Monetary Fund’s (IMF) findings on Nigeria, following the conclusion of the Article IV Consultation in April 2025. In a statement sent to journalists and seen by Director, Information and…