Nigeria exported 33.23 million barrels of crude oil to the United States between January and August 2025, valued at $2.57 billion, making it Africa's largest exporter of crude oil to the US.
President Bola Tinubu has commended the Federal Ministry of Finance for successfully closing USD 1.126 billion in financing for the execution of Phase 1.
The Federal Government's capital spending on ministries, departments, and agencies (MDAs) has been severely constrained over the last three fiscal years, with a cumulative gap of N15.21tn.
The Federal Government relied overwhelmingly on domestic borrowing through Federal Government bonds to finance its fiscal deficit in the first half of 2025,
Nigeria’s digital economy revenue is projected to reach $18.30bn by 2026, asset managers said, underscoring the growing role of technology, fintech, and artificial intelligence in driving economic growth.
