Nigeria Secures Additional $215m Loan From World Bank   The World Bank has disbursed additional funds to Nigeria under the $800m National Social Safety Net Programme-Scale Up, raising the total amount released to $530m. Checks by Economic Confidential on Thursday on the World Bank’s official website...

These moves, applauded by both the International Monetary Fund (IMF) and the World Bank, were sold to Nigerians as necessary steps toward economic stability.

Electricity Subsidy Bill Surges to N762bn   Electricity subsidy has increased to about N762bn in the first four months of 2025. Figures from various reports of the Nigerian Electricity Regulatory Commission (NERC) showed that the subsidy on power was approximately N178bn in January. It rose to N194bn...

AfDB Provides $650m Annual Economic Boost to Nigeria   The African Development Bank Group has approved a new five-year Country Strategy Paper for Nigeria, committing about $650m annually between 2025 and 2030 to drive economic transformation, build resilience, and foster broad-based prosperity. The Bank disclosed this in...

'Tax Reform Bill Will Reshape Economy'   The President of the Chartered Institute of Taxation of Nigeria ( CITN) Mr Samuel Agbeluyi, has said that the recently drafted tax reform bill, now awaiting final assent from the National Assembly, has the power to transform Nigeria’s economic...

Nigeria Set to Clear IMF Loan by 2029   Nigeria is on track to fully repay its International Monetary Fund Rapid Financing Instrument loan by 2029. The latest repayment schedule published by the Fund on its website showed that the country had secured approval for an emergency...