The Other Side of Nigeria's Economic Story By Hanniel Sebatie Noboh On paper, Nigeria is booming. The World Bank says the economy is growing. The GDP has bounced back from its pandemic dip, about five years ago. Reports from the National Bureau of Statistics look positive,...

Nigeria Risks Economic Crisis Without 2025 Budget Review - IMF The International Monetary Fund has warned that Nigeria’s 2025 fiscal outlook is at serious risk, urging the government to urgently revise its budget targets to avoid a worsening financial crisis. The IMF’s latest Article IV consultation...

Naira Gains N3.42 Against Dollar in Official, Black Markets The Nigerian Naira remained steady against the US dollar on Thursday, June 3, in both the official and parallel markets, reflecting persistent pressure and volatility in the country’s foreign exchange environment. ‎In the black market, currency dealers...

The Central Bank of Nigeria (CBN) has issued a directive instructing banks operating under regulatory forbearance to suspend dividend payments, defer bonuses for executives, and halt investments in foreign subsidiaries or offshore ventures.

Nigeria's Debt Crisis and the Moral Failure it Reveals By Umar Farouk Bala The recent announcement that Nigeria has repaid a $3.4 billion loan to the International Monetary Fund (IMF) and a N100 billion Sovereign Sukuk bond has been hailed by the government as a milestone...

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...