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-United Kingdom current trade is valued at £7.8 billion, UK Deputy High Commissioner, Mrs Gill Lever, has said.

IMF Reports 72% Decline in Nigeria's GDP Per Capita, Signaling Economic Downturn   Nigeria, Africa's largest oil producer with a population of over 200 million, has experienced a decade-long economic slump, marked by a staggering 72.35% decline in its GDP per capita. Data obtained from the website of the International...

Nigeria's GDP Per Capita Drops to $835, Says IMF   According to the International Monetary Fund (IMF), Nigeria's economic performance has taken a hit, with the country's Gross Domestic Product (GDP) per capita decreasing by 4.74% to $835.49 in 2025, compared to $877.07 in 2024. According to data from...

'Nigeria's 15% Inflation Target for 2025 'Achievable'   The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has expressed optimism about Nigeria’s inflation trajectory for 2025, asserting that the country could achieve a significant reduction from the average inflation rate of...

BRICS Admits Nigeria as Partner Country The Brazilian government has announced the formal admission of Nigeria as a partner country in the multinational bloc known as BRICS. This was contained in a statement by the Brazil Foreign Ministry on Friday. According to Brazil, BRICS and Nigeria share...