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CATEGORY

Economy

Nigeria’s June Headline Inflation Eases to 15.91% as Core Price Pressure Relents

Nigeria's persistent battle with consumer price index (CPI) growth logged a modest victory last month as headline inflation ticked downward for the first time...

Subnational Spending Climbs to ₦17.2 Trillion as Fiscal Realignment Lifts Monthly FAAC

Sweeping structural changes introduced since 2023 have engineered a major transformation in Nigeria’s revenue mobilization capacity, lifting monthly gross Federation Account Allocation Committee (FAAC)...

Nigeria’s Jobless Growth Paradox Sees Boost in Low-Intensity Sectors as Productivity Stagnates

Nigeria is grappling with a severe structural disconnect between its headline macroeconomic expansion and real employment generation, as elite corporate segments swallow up national...

World Bank Approves Fresh $1.25bn Nigeria Loan

The World Bank has approved a fresh $1.25 billion loan for Nigeria under its Nigeria Actions for Investment and Jobs Acceleration programme. The approval was...

Nigeria Taps Advisers for Eurobond Return as First Upgrade in 14 Years Ignites Market

The Federal Government of Nigeria has formally launched an open competitive bidding process for financial advisers, plotting its first public Eurobond sale since a...

Nigeria Draws First Tranche of $5 Billion Swap With UAE’s First Abu Dhabi Bank

Nigeria has accessed the first tranche of a $5 billion derivatives deal with United Arab Emirates’ largest lender, pressing ahead with a transaction that...

IMF Says Naira is 25.6% Undervalued; Estimates REER Fair Value at N1,142/$

The International Monetary Fund (IMF) has said the Nigerian naira remains significantly undervalued, trading about 25.6% below the level implied by economic fundamentals despite...

Nigeria Tax Revenue Jumps 49% to ₦15.8 Trillion on Sweeping Overhaul, Oil Windfalls

Nigeria's revenue surged 49% in the first five months of the year, exceeding government projections as an overhaul of the tax system and new...

Nigeria Inflation Slows to 15.93% in May 2026 as Food Price Growth Eases, But Upside Risks Loom

The National Bureau of Statistics reported that the Consumer Price Index increased to 15.93% in May 2026, up from 15.69% in April 2026, reflecting...

IMF Flags Fiscal Risks in Nigeria’s $5 Billion Debt Swap, Urges Tight Monetary Policy

The International Monetary Fund (IMF) has strongly advised the Central Bank of Nigeria (CBN) to keep its restrictive monetary policy settings active for a...

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