Economy

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…

The International Monetary Fund (IMF) has projected a 3.4% expansion in Nigeria’s real Gross Domestic Product (GDP) for 2025. This marks a positive outlook for the country’s economic growth. This forecast is contained in the IMF’s conclusion of the 2025 Article IV consultation with Nigeria posted on its website Wednesday.…

In a landmark move to accelerate Nigeria’s infrastructure revolution, President Bola Ahmed Tinubu has empowered the Infrastructure Concession Regulatory Commission (ICRC) to implement a more efficient and better streamlined Public-Private Partnership (PPP) project delivery process by approving PPP thresholds for Ministries, Departments, and Agencies (MDAs). In a statement Sunday by…

Kogi State Government says it is accelerating reforms under the $750 million World Bank-supported, State Action on Business Enabling Reforms (SABER) programme aimed at improving ease of doing business across the 36 states of the federation.   Governor Alhaji Ahmed Usman Ododo stated this while playing host to a one-day strategic technical…

Transactions on the floor of Nigerian Exchange NGX on Thursday returned to negative performance, declining by N308 billion as bears dominate market activities during the day. Market Capitalization of listed equities declined by 0.40 per cent to N76.453 trillion from N76.761 trillion reported the previous day. The NGX also depreciated…

Africa received over $95 billion in remittances in 2024, with Nigeria, Egypt, and Morocco emerging as the top beneficiaries, according to the State of Africa’s Infrastructure Report 2025 released by the Africa Finance Corporation (AFC). The figure nearly matched the total foreign direct investment (FDI) inflow into the continent for…

The Federal Government is making concrete efforts to clear the outstanding payments to genuine contractors for contracts executed by Federal Ministries, Department and Agencies (MDAs). The Office of the Accountant General of the Federation (OAGF) made this known in a statement issued Wednesday in Abuja. The OAGF explained that the…

The Securities and Exchange Commission (SEC)  has stressed the need for Nigeria to harness its demographic dividend to advance financial inclusion through investments by 2030 for national survival or face deepening inequality. The Director-General of the SEC, Dr Emomotimi Agama, said this at the United Capital Asset Management Investment forum…

The Federal Government of Nigeria (FGN), through the Debt Management Office (DMO), has announced a public offering of N100 billion worth of sovereign green bonds, as part of its ongoing strategy to deepen climate finance, support environmentally sustainable projects, and strengthen Nigeria’s fixed-income market. According to a statement issued by…