Economists have noted that productivity remains a challenge in the Nigerian economy, despite the rebasing of the Gross Domestic Product, which has boosted the economy to N372.8tn.
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has called on the new management of the Nigeria Deposit Insurance Corporation (NDIC) to bring their diverse experience to bear on the running of the corporation.
This is revealed by fresh data released by the Nigeria Inter-Bank Settlement System (NIBSS), highlighting the expansion of financial inclusion efforts across the country.
Despite increased network glitches across networks in the first three months of 2025, electronic payment transactions, across various platforms, rose by 22 per cent to N284.9 trillion in the first quarter of 2025.
The Federal Government has directed all Ministries, Departments, and Agencies to desist from entering into contracts denominated in foreign currency, as part of new fiscal control measures outlined in the 2025 Appropriation Act Implementation Guideline.
