IMF Says Nigeria’s Economic Growth May Shrink To 2.9%   Nigeria’s economic growth is predicted to shrink by 0.3 percentage points from 3.2 per cent in 2023 to 2.9 per cent in 2024, according to the International Monetary Fund (IMF). This is as the global money lender...

Nigeria’s Public Debt Rises By 2.9% To N44.06trn In Q3, 2022   Nigeria’s public debt stock stood at N44.06 trillion ($101.91 billion) in the third quarter of 2022 (Q3’22), which is 2.85 percent higher than the N42.84 trillion recorded in Q2’22. The National Bureau of Statistics (NBS)...

FG Lists N9.8bn Savings Bonds On NGX   The Federal Government at the weekend listed 14 tranches of its Federal Government of Nigeria’s Savings Bonds (FGNSBs) worth N9.801 billion on the Nigerian Exchange (NGX), providing a secondary window for existing and new investors to trade on...

UN Projects 3% Economic Growth For Nigeria   The United Nations has said the Nigerian economy will grow to three per cent in 2023 because of a robust commodities trade and dynamic consumer goods and services markets. It stated that high inflation and power supply issues are...

Contributory Pension Assets Rise To N14.9trn   The total assets under the Contributory Pension Scheme rose by N1.56tn in 2022, according to figures obtained from the National Pension Commission (PenCom). PenCom disclosed in its latest ‘Report on pension industry portfolio for the period ended 31 December 2022’...

FG Says Nigeria Lost N3trn During 2022 Flood   Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouk, has disclosed that the total direct economic damage of the 2022 flooding, based on currently reported statistics as of November 25 was in the...