Nigerians reject IMF/World Bank policy prescriptions.
IMF policy advice extending the value-added tax (VAT) to the already unpopular soaring fuel prices in Nigeria has infuriated virtually…
Nigeria to spend half of revenue on debt servicing in 2026, says IMF
The International Monetary Fund (IMF) has assessed Nigeria’s economic situation and submitted that the country would channel more than half…
Nigeria’s current account surplus rises 46% to $4.98billion
The Central Bank of Nigeria, CBN, yesterday said the nation’s current account surplus grew year-on-year (YoY) by 46 percent to…
FG, States, LGs share N2.3trillion FAAC revenue
The Federation Account Allocation Committee shared N2.3tn among the Federal Government, states and local government councils from May 2026 revenue,…
Nigeria’s pension assets hit N32trillion
With the accumulation of over N32 trillion assets as at May 2026, up from N30.9 trillion as April 30th 2026,…
Despite reforms, Naira remains weak – IMF
The International Monetary Fund (IMF) says the Naira is still undervalued by 25.6 percent despite the ongoing reforms in the…
Only 6% of Nigerians access credit, says Report
A recent study, Nigeria’s Credit Landscape Report 2025, has revealed a striking paradox in the nation’s financial ecosystem, revealing that…
Nigeria accounts for 60% of stablecoin inflows in sub-Sub-Saharan africa , says IMF
The International Monetary Fund (IMF) says Nigeria accounts for about 60 percent of stablecoin inflows into sub-Saharan Africa, highlighting the…
Nigeria’s inflation rate rises to 15.9%
The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate rose to 15.93 per cent in May. The NBS…
CBN directs banks to localise payment data by 2027
The Central Bank of Nigeria (CBN) has directed banks, fintech firms and other payment service providers to store payment transaction…