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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...

FG Paid N152bn to Contractors Amidst Protests

FG Paid N152bn to Contractors Amidst Protests   The Federal Government has said it disbursed N152bn to contractors for what it described as verified contracts, amid lingering protests over outstanding payments. In a statement on Thursday, the Minister of State for Finance, Doris Uzoka-Anite, said the payments...

Nigeria Removed from EU’s Financial Crime High-Risk List

Nigeria Removed from EU's Financial Crime High-Risk List   The European Union has officially removed Nigeria from its list of high-risk jurisdictions for money laundering and terrorism financing, a decision expected to ease cross-border transactions and improve investor confidence. The update was published on the European Commission’s...

FG Allocates N1.7trn for Outstanding Contractor Payments in 2026 Budget

FG Allocates N1.7trn for Outstanding Contractor Payments in 2026 Budget   The Federal Government has budgeted the sum of N1.7tn in the 2026 Appropriation Bill to settle outstanding debts owed to contractors for capital projects executed in 2024. A breakdown of the proposed 2026 national budget shows...

Nigeria’s Economy on Path to Stability, Growth ‐ Edun

The Minister of Finance and Coordinating Minister of Economy, Wale Edun, says Nigeria's economy made significant strides in 2025, despite global challenges.