Economy
G-24 Warns of Rising Debt Pressures Threatening Growth in Africa
Developing economies under the Intergovernmental Group of Twenty-Four (G-24) have raised fresh concerns over rising debt burdens, shrinking fiscal space,...
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FG to Implement 30% of 2025 Capital Budget Before November, Rolls Over 70% to 2026
The Federal Government of Nigeria has announced plans to implement 30 per cent of the 2025 capital budget before the...
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Inflation Slowdown Raises Hopes of Rate Cut as CBN MPC Meets Next Week
The unexpected slowdown in inflation has strengthened expectations that the Monetary Policy Committee of the Central Bank of Nigeria could...
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Nigeria’s Debt to World Bank’s IDA Rises by $1.9bn to $18.7bn
Nigeria’s debt to the World Bank’s concessional lending arm, the International Development Association, surged by $1.9bn within one year to...
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Edun Raises Alarm Over 10% Borrowing Costs, Seeks Global Finance Reforms for Africa
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has warned that many African countries are grappling...
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Dangote Predicts Naira Will Strengthen to ₦1,000/$1 in 2026
The Chairman of Dangote Group, Aliko Dangote, has projected that the naira could appreciate to ₦1,000 against the dollar before...
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Lagos State Advances Plan to Establish Subnational Sovereign Wealth Fund
The Lagos State Government has taken a major step toward establishing a Sovereign Wealth Fund (SWF) aimed at safeguarding the...
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LCCI Warns Nigeria’s Inflation Moderation is Fragile, Urges Structural Reforms
The Lagos Chamber of Commerce and Industry (LCCI) has reacted to the latest inflation figures from the National Bureau of...
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World Bank Says Job Creation Key to Reducing Poverty Amid Global Uncertainty
The World Bank has emphasised that job creation remains central to reducing poverty, fostering stability, and generating local economic opportunities,...
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NRS Unveils E-Invoicing System for Medium-Sized Firms, Sets July 1, 2026 Go-Live
The Nigeria Revenue Service (NRS) has announced the rollout of its E-Invoicing & Electronic Fiscal System (EFS), also known as...
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