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Hardship is Cost of Reform, Finance Minister Says

Finance Minister Wale Edun says Nigeria is now on a path of stabilisation and recovery, despite current economic hardship.

Nigeria Seeks $14bn Annually to Bridge Infrastructure Gap

Nigeria has a $14bn annual infrastructure investment gap, according to Finance Minister Wale Edun, who said the government is seeking both domestic and foreign capital to bridge the shortfall.

32 Banks Meet Recapitalisation Requirements Ahead of Deadline – CBN

32 Banks Meet Recapitalisation Requirements Ahead of Deadline - CBN The Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso, on Thursday disclosed that 32 banks have already met the new capital requirements under the ongoing recapitalisation programme, ahead of the March 31, 2026...

FG Eyes $5.7bn Investment Deal with China

FG Eyes $5.7bn Investment Deal with China   The Federal Government is deepening negotiations to secure up to $5.7bn in strategic investments from China across critical sectors of the economy, the Ministry of Finance said on Monday. In a statement issued after a meeting in Abuja, the...

Fresh Loans Push FG’s Domestic Debt to N77trn

Fresh Loans Push FG's Domestic Debt to N77trn   The Federal Government’s domestic debt rose by N7.40tn within nine months, driven largely by fresh issuances of FGN bonds and higher Treasury Bills, data obtained from the Debt Management Office has shown. Figures from the DMO indicate that...