Economy
FG Debt Repayments Exceed 2025 Budget by N1.90tn as Revenue Falls Short
Federal Government debt repayments exceeded the 2025 amended budget allocation by N1.90tn in the first nine months of the year,...
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Africa Can Generate $469bn More Annually Without Raising Taxes – AfDB
Africa can unlock more than 469 billion dollars in additional annual revenue without increasing statutory tax rates, according to the...
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IMF Warns Against Broad Subsidies, Price Controls as Energy, Food Costs Rise
The International Monetary Fund (IMF) has warned governments against relying on broad subsidies, price controls, and tax cuts to cushion...
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Tomatoes, Beans, Garri Prices Rise in April Despite Annual Decline in Food Costs — NBS
The National Bureau of Statistics (NBS) has reported fresh increases in the prices of several food items, including tomatoes, beans,...
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Nigeria Shifts From Economic Stabilisation to Growth Phase, Says Finance Minister Oyedele
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, says Nigeria is transitioning from a phase of...
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AfDB: Power Outages Cut Nigerian Firms’ Sales by 3% as Generator Dependence Surges
Nigeria’s persistent electricity shortages are imposing significant costs on businesses, with more than 70 per cent of firms now relying...
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CPPE Says Tinubu’s Reforms Stabilised Economy but Welfare Gains Remain Elusive
The Centre for the Promotion of Private Enterprise (CPPE) has said the first three years of President Bola Tinubu’s administration...
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ECB President Christine Lagarde Warns Against Threats to Central Bank Independence
President of the European Central Bank, Christine Lagarde, has emphasised the importance of protecting the independence of central banks amid...
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Africa Could Save $299bn Annually Through Better Public Investment Efficiency — AfDB
The African Development Bank (AFDB) has stated that African countries could save up to $299 billion annually through improved public...
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Global Food Prices Rise 5% After Strait of Hormuz Closure — World Bank
Global food prices rose by 5% in the two months following the near-total closure of the Strait of Hormuz after...
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