adminFULL SPEECH: Tinubu projects lower inflation, stronger growth in 2026 New Year address
President Bola Tinubu on Thursday said 2026 would mark the beginning of a more robust phase of economic growth for Nigeria, citing moderating inflation, improved foreign reserves, rising investment…
Nigeria’s inflation eases to 14.45% in November, says NBS
Nigeria’s headline inflation rate eased further in November 2025 as consumer price pressures moderated under the new base year, according to the latest Consumer Price Index report released by…
AfDB approves $500m loan for Nigeria
The Board of Directors of the African Development Bank (AfDB) Group has approved a 500 million dollars loan to Nigeria. The loan is to enable the Federal Government to…
CBN retains interest rate at 27%
The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has retained the country’s monetary policy rate (MPR) at 27 percent. Olayemi Cardoso, CBN’s governor, announced at…
Nigeria’s inflation rate drops to 16.05%
The National Bureau of Statistics has said that Nigeria’s headline inflation rate dropped to 16.05 per cent in October 2025. The NBS disclosed this in its Consumer Price Index…
UN names Nigeria, Mali among 16 hunger crisis hotspots
Two UN food agencies warned on Wednesday that millions more people around the globe could face famine, with funding shortfalls worsening already dire conditions. The joint report from the…
Senate approves Tinubu’s N1.15tn domestic loan fill 2025 budget gap
The Senate has approved President Bola Tinubu’s request to raise N1.15 trillion from the domestic debt market to cover the unfunded portion of the 2025 budget deficit. The approval…
Only 44% of social benefits reach poor Nigerians –W’Bank
Despite billions of naira spent yearly to cushion hardship, a new World Bank report says Nigeria’s social safety-net programmes are failing to reach those who need them the…
Tinubu Seeks Fresh ₦1.15trn Domestic Loan To Fund 2025 Budget Deficit
President Bola Tinubu has requested the approval of the National Assembly for a fresh ₦1.15 trillion borrowing from the domestic debt market to help finance the deficit in the…
Reps approve Tinubu’s $2.35bn external loan request
The House of Representatives on Wednesday approved President Bola Tinubu’s request to secure a total of $2.347bn from the international capital market to part-finance the 2025 budget deficit and…
Report: Nigeria’s GDP per capita fell 66% in 2024, pushed 65m people into poverty
Nigeria’s gross domestic product (GDP) per capita fell by 66 percent in 2024, pushing more than 65 million people into poverty, according to a report by Quartus Economics. The…
Nigeria missing as IMF lists Africa’s fastest-growing economies
The International Monetary Fund has revealed that Nigeria is not among Africa’s fastest-growing economies, as countries such as Benin Republic, Côte d’Ivoire, Ethiopia, Rwanda, and Uganda continue to lead…
Nigeria’s inflation rate drops to 18
The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate has dropped to 18.02 percent in September 2025. The NBS announced the increase in its consumer price index…
139 million Nigerians living in poverty despite reform gains — World Bank
The World Bank has called on Nigeria to ensure that the positive outcomes from its recent macroeconomic reforms translate into real improvements in citizens’ living standards, as new estimates…
Tinubu seeks $2.3bn external loan to cover 2025 budget deficit, others
President Bola Ahmed Tinubu has requested approval from the House of Representatives to secure approximately $2.3 billion in external borrowing to address Nigeria’s 2025 budget deficit and refinance maturing…
