TinCan Customs Generates N145bn from Lagos Port in April
The Tincan Island Port Command of the Nigeria Customs Service (NCS) has enhanced trade facilitation, as the level of compliance at the seaport has increased drastically.
Already, Controller of the Command, Comptroller Frank Onyeka, said the command...
IMF Verifies Nigeria's $3.3bn Loan Repayment
The International Monetary Fund (IMF) has confirmed that Nigeria has fully repaid the $3.4bn financial support it received under the Rapid Financing Instrument to cushion the economic impacts of the COVID-19 pandemic.
In a statement sent to journalists on...
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...
