ECONOMY

Nigeria headline inflation has increased to 24.23 per cent in March 2025 after dropping for the last two consecutive months. The National Bureau of Statistics (NBS) revealed in its latest consumer price index data on Tuesday, April 14. This shows that headline inflation inched up in March from 23.18 per...

• commissions KAP Film Village & Resort in Igbojaye Oyo State governor, 'Seyi Makinde, has declared that the state is well on course with its commitment to expand its economy through tourism, noting that tourism remains a key cornerstone in the administration's economic strategy. This was as the governor maintained...

There is the possibility of an annual budget reset as the Federal Government has constituted a subcommittee to evaluate the potential economic impact of the recent tariff measures announced by the United States government. The decision followed a meeting of the Economic Management Team (EMT), chaired by Minister of Finance...

Fitch Ratings has stated that Nigeria’s ongoing energy sector reforms, including efforts to scale up renewable energy, are expected to help sustain a current account surplus over the medium term. This outlook was shared in its latest sovereign rating release, in which Fitch upgraded Nigeria’s long-term foreign-currency Issuer Default Rating...

The World Bank Country Director for Nigeria, Dr Ndiame Diop, has said with the expected growth of Nigeria’s working population hitting about 100million in the next 25years, the rapid increase presents a unique opportunity for the country to become a major driver of economic growth. Diop said the growth will...

The Central Bank of Nigeria (CBN) has announced a balance of payments (BOP) surplus of $6.83 billion for the 2024 financial year. The BOP is a record of all financial transactions made between a country and the rest of the world over a specific period—usually a year or a quarter....

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has stated that the recent 14 percent tariff imposed by the United States on Nigerian exports will have minimal impact on the Nigerian economy. Edun made these comments during the inaugural Corporate Governance Forum organized by the...

Oyo State governor, 'Seyi Makinde, said on Monday, that his administration has been working hard towards making the state's economy one of the fastest growing economies in the country. The governor maintained that since the inception of the administration in 2019, it has placed a strong emphasis on infrastructural development,...

The Debt Management Office (DMO) has put Nigeria’s total public debt at N144.67 trillion as of December 31, 2024. The debt office revealed this in its latest publication on Nigeria’s debt portfolio on Friday, April 4. It indicates that the country’s debt stock rose by 48.58 per cent from N97.34...

The World Bank has approved a total of $1.08 billion to support education, nutrition, and economic growth in Nigeria. The approved operations include $500m in additional financing for the Community Action for Resilience and Economic Stimulus Programme, $80m for Accelerating Nutrition Results in Nigeria (ANRIN 2.0), and $500m for the...