Report Reveals Positive Outlook for Nigeria's Economy
Africa’s biggest economy is targeting a period of reform-driven economic stability that could bolster growth and investor confidence, according to the 2026 Nigeria Macroeconomic Outlook by EnterpriseNGR in partnership with EY.
The report, unveiled in Lagos on Thursday, forecasts...
FG Paid N152bn to Contractors Amidst Protests
The Federal Government has said it disbursed N152bn to contractors for what it described as verified contracts, amid lingering protests over outstanding payments.
In a statement on Thursday, the Minister of State for Finance, Doris Uzoka-Anite, said the payments...
Bank Customers' Complaints Rise by 143% as CBN Resolves 9,771 Cases
The Central Bank of Nigeria (CBN) said it resolved 9,771 out of 10,704 bank customers’ complaints in the first half of the year (H1’25).
CBN disclosed this in its latest Financial Stability Report, noting that...
Tight Monetary Policy Slashes Inflation by 10% - CBN
Nigeria’s sustained monetary tightening has played a central role in slowing inflation, with research estimates showing that the Central Bank of Nigeria’s policy stance accounted for as much as 10 percentage points of the decline in...
W/Bank Forecasts 4.4% GDP Growth for Nigeria, Highest in Over a Decade
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‎Nigeria’s economy is poised for its strongest expansion in over a decade, according to the latest Global Economic Prospects report released by the World Bank. The report projects a robust 4.4% GDP growth...
Bank Services VAT is Not New - FG
The Federal Government said on Thursday that value-added tax on banking services is not a new policy, after reports suggested the levy had recently been introduced on electronic money transfers and other transactions.
The clarification followed public complaints...