World Bank Warns Nigeria, Others as Investors Shun Debt-ridden Economies
The World Bank has warned that foreign private capital is retreating from developing economies such as Nigeria and others due to rising debt levels and weak growth prospects, and called for urgent debt reforms.
The warning...
Nigeria, Others Top Africa's $95bn Remittance Inflows
Nigeria, Egypt, and Morocco have been listed as the highest recipients of the $95bn remittance into the African continent in 2024.
This was revealed in the State of Africa’s Infrastructure Report 2025 published by the Africa Finance Corporation.
The report...
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...
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...
