Economy

Economy

FAAC allocation to FG, States, LGs drop to N2.1trn, as gross revenues dip by 16%

Cynthia Egboboh Oct 17, 2025

The Federation Account Allocation Committee (FAAC) has disbursed a total sum of N2.103 trillion to the three tiers of government...

Economy

Nigeria to unlock more FDIs on Tinubu's reforms - Shettima

Anthony Ailemen Oct 17, 2025

.Backs Woodhall’s $50bn investment drive Vice President Kashim Shettima, on Friday, said Nigeria is already attracting the attention of global...

Economy

Foreign investors show strong confidence in Nigeria at World Bank/IMF meetings

Hope Moses-Ashike Oct 17, 2025

Washington, DC|| Foreign investors at the ongoing World Bank/IMF Annual Meetings in Washington, D.C. have expressed strong confidence in Nigeria,...

Economy

Nigerian workers spend 40% of salaries on house rents – BD Poll

BusinessDay Oct 17, 2025

About seven in 10 Nigerian workers spend 40 percent or more of their annual salaries on rents and housing-related matters....

Economy

Cardoso sees inflation easing further on tight policy, stable fx

Onyinye Nwachukwu Oct 16, 2025

Washington D.C || Olayemi Cardoso, Central Bank of Nigeria (CBN) governor has projected that inflation in Africa’s most populous economy...

Economy

Markets eye bolder rate cut as inflation cools

Eniola Olatunji Oct 16, 2025

…Lower food prices slow headline inflation to 18.02% Markets are positioning for a bolder interest rate cut in November after...

Economy

Africa needs trust, accountability to mobilise $4trn domestic capital - Elumelu

Hope Moses-Ashike Oct 16, 2025

……Calls on government, private sector to ensure AI drives productivity Washington, D.C|| Tony Elumelu, founder and chairman of Heirs Holdings,...

Economy

Nigeria woos foreign investor interest ahead of $2.3 billion eurobond issue

BusinessDay Oct 16, 2025

Nigeria’s government plans to issue Eurobonds worth about $2.3 billion later this year, Mohammed Sani Abdullahi, deputy governor in charge...

Economy

The Nigerian standing between U.S. and China

David Olujinmi Oct 15, 2025

In a turn of events, China has become a major talking point in United States presidential campaigns. This dynamic, first...

Economy

Nigeria’s competitive currency spurs trade surplus, bolsters domestic production, says Cardoso

Hope Moses-Ashike Oct 15, 2025

WASHINGTON D.C || Nigeria’s competitive currency has helped the country achieve a trade surplus and strengthened domestic production, Central Bank...

Economy

IMF sees Nigeria’s debt-to-GDP easing to 35% by 2026

BusinessDay Oct 15, 2025

WASHINGTON D.C|| Nigeria’s general government gross debt, (debt-to-GDP) is projected to decline steadily over the next two years, according to...

Economy

IMF flags illicit flows as major threat to Nigeria’s revenue

Onyinye Nwachukwu Oct 15, 2025

The International Monetary Fund (IMF) has raised fresh concerns over illicit financial flows (IFFs) from Nigeria, warning that they are...

Economy

Africa’s growth resilient as reforms, inflation gains take hold — IMF

Onyinye Nwachukwu Oct 15, 2025

Washington D.C||Africa’s economic growth remains resilient in the face of persistent global challenges, underpinned by easing inflation, stronger macroeconomic policies,...

Economy

IMF notes improved revenue collection, transparency in Nigeria’s FX reserves

Hope Moses-Ashike Oct 14, 2025

The International Monetary Fund (IMF) has commended Nigeria for making notable progress in revenue collection and for improving transparency in...

Economy

Monetary easing takes hold as OMO-NTB yields spread converges

Eniola Olatunji Oct 14, 2025

The Monetary Policy Committee’s (MPC) recent 50 basis point cut is now accelerating the convergence between Open Market Operations (OMO)...