Economy
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Nigeria, IsDB deepen ties as Uzoka-Anite leads bilateral talks in USA
In a significant stride towards strengthening economic cooperation, Nigeria and the Islamic Development Bank (IsDB) on Wednesday deepened their partnership through a bilateral meeting in Washington D.C, led by Minister of State for Finance, Dr. Doris Uzoka-Anite. The Director, Information and Public Relations, Federal Ministry of Finance, Mohammed Manga in a statement noted that the strategic engagement underscores Nigeria’s commitment…
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IMF urges Nigeria to focus on revenue generation, expenditure sides of public finance
The International Monetary Fund (IMF) on Wednesday urged the Federal Government to focus on revenue and expenditure sides of public finance. It also stressed on the need to prioritise fiscal policies that strengthen public finance management and capital expenditure on infrastructure and education in order to consolidate the country’s macroeconomic gains. Speaking at Fiscal Monitor session at the ongoing World…
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World Bank, IMF endorsements validate Tinubu’s economic reforms — APC
By Kunle Sanni – The All Progressives Congress (APC) has commended President Bola Tinubu for what it described as visionary economic leadership, following fresh endorsements of Nigeria’s economic performance by the International Monetary Fund (IMF) and the World Bank. In a statement issued on Tuesday by its National Publicity Secretary, Felix Morka, the ruling party said the global institutions’ upgraded…
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28 FDPs approved in 2025 will add 600,000 bpd crude, says NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that the 28 Field Development Plans (FDPs) so far approved in 2025 will add 600,000 barrels of oil per day and more than 2 billion standard cubic feet of gas daily. The Commission Chief Executive (CCE) of the NUPRC, Engr. Gbenga Komolafe, said this at the ongoing 2025 World Energies Summit…
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Nigeria is open for business, says Bagudu to Austrian government
Following high-level meetings between a delegation led by Minister of Budget and Economic Planning, Senator Abubakar Bagudu, and senior Austrian government officials, Nigeria and Austria have committed to strengthening their bilateral economic relations. “With President Bola Tinubu’s bold reforms opening up the Nigerian economy for foreign and domestic investments, we are committed to long-term, strategic partnerships that create jobs, generate…
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NNPC urges stakeholders to collaborate for sector-wide development
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has called on all stakeholders in the downstream petroleum sector to collaborate in order to drive sustainable growth and unlock value across the industry. Group Chief Executive Officer of NNPC Ltd., Engr. Bashir Bayo Ojulari, made the call on Tuesday during the 2025 Inaugural Annual Downstream Petroleum Week, organised by the House…
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BREAKING: Nigeria’s inflation rate drops to 18.02% in September 2025, says NBS
National Bureau of Statistics (NBS)has disclosed that Nigeria’s headline inflation rate slowed to 18.02per cent in September 2025, marking a decline from 20.12per cent recorded in August 2025. On a month-on-month (MoM) basis, the headline inflation rate stood at 0.72per cent, reflecting a moderation in price increases across key sectors.
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Nigeria reiterates commitment to strengthening voice of G-24
Amid assuming the chairmanship of the Intergovernmental Group of Twenty-Four (G-24), Nigeria on Wednesday has reiterated commitment to strengthening voice of the developing nations. This was disclosed in a series of posts by the Central Bank of Nigeria (CBN) on its official X handle. The CBN Governor, Olayemi Cardoso, on behalf of the Minister of Finance and Coordinating Minister of…
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FG allocates additional N1trn to boost solid minerals development
By Kunle Sanni – The Federal Government has earmarked an additional N1 trillion for the development of Nigeria’s solid minerals sector in the 2025 national budget, as part of efforts to diversify the economy and reduce dependence on oil revenues. President Bola Tinubu disclosed this at the opening of the 10th edition of the Nigeria Mining Week in Abuja, themed…
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FG, GenCos seal framework for ₦4trn power sector debt reduction plan
By Kunle Sanni – The Federal Government of Nigeria has finalized the implementation framework for the ₦4 trillion Presidential Power Sector Debt Reduction Plan, a major initiative aimed at restoring financial stability and investor confidence in the nation’s electricity market. The plan, approved by President Bola Tinubu and endorsed by the Federal Executive Council (FEC) in August 2025, authorizes the…
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