Economy
Nigeria Not Planning to Borrow From IMF’s Proposed $50bn Support Fund – Edun
Nigeria’s Federal Government has declared that it has no plan to approach the International Monetary Fund (IMF) for financial support...
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Inflation Climbs to 15.38% as LCCI Warns of Renewed Price Pressures in Nigeria
The Lagos Chamber of Commerce and Industry (LCCI) has expressed concern over the latest inflation data released by the National...
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CBN Mops Up N4.48 Trillion in Liquidity as Banking System Cash Balances Fall Sharply
The Central Bank of Nigeria has withdrawn a total of N4.48 trillion from the banking system within two sessions over...
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Nigerian Senate Gives NNPCL April 29 Deadline to Explain N210 Trillion Audit Queries
The Nigerian Senate, through its Committee on Public Accounts, has given the management of the Nigerian National Petroleum Company Limited...
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Forex Volatility Worsens as Black Market Pressure Widens Gap with Official Exchange Rate
Volatility in Nigeria’s foreign exchange market has been linked to fiscal leakages, speculative trading and arbitrage activities, as the gap...
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Breaking: Nigeria’s inflation climbs to 15.38% in March 2026
Nigeria’s headline inflation rate rose to 15.38% in March 2026, up from 15.06% recorded in February, according to the latest...
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Global Agencies Warn Middle East Conflict Threatens Food Security and Supply Chains
The heads of the International Energy Agency (IEA), the International Monetary Fund (IMF) and the World Bank Group have warned...
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FG Says Fuel Subsidy Removal Prevented Fiscal Collapse, Saved Nigeria N52 Trillion
The Executive Chairman of the National Revenue Service (NRS), Zacch Adedeji, has said Nigeria would have faced severe fiscal strain...
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IMF Downgrades Nigeria’s 2026 Growth Forecast to 4.1% Amid Middle East Conflict Impact
The International Monetary Fund (IMF) has downgraded Nigeria’s economic growth forecast for 2026 to 4.1 per cent, citing disruptions linked...
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FDI Key to Africa’s Industrialisation, but Manufacturing Gains Remain Limited — Report
Foreign Direct Investment (FDI) continues to play a critical role in Africa’s industrialisation ambitions, providing capital inflows, technology transfer, and...
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