Economy
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FG to finance key infrastructural projects with N300bn Sukuk bond
The Debt Management Office (DMO) through the Federal Government has opened a seven-year N300 billion forward Ijarah (lease) Sukuk at a “rental rate” of 19.75 per cent per annum, with the aim to finance key infrastructural projects in the country. Sukuk is part of the federal government’s debt instruments used to finance infrastructure, promote financial inclusion and deepen Nigeria’s domestic…
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Bagudu reiterates on Tinubu’s economic reforms delivering positive outcomes
The Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has reiterated on Monday that President Bola Tinubu economic reforms are delivering positive outcomes, stating that the present administration is determined to bring development to the grassroots by transforming local government areas into centres of economic growth. The minister, optimistic about the incremental and positive outcome of the administration’s…
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World Bank foresees an average 22.1% inflation rate for Nigeria
Nigeria’s inflation rate is projected to average 22.1per cent in 2025 as the Central Bank of Nigeria (CBN) tight monetary stance begins to anchor inflation expectations and restore confidence in macroeconomic management. This was disclosed in a statement published Monday on the World Bank’s website, following the formal launch of the latest Nigeria Development Update (NDU) report in Abuja. The…
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Nigeria showcases investment potential at UK conference, seeks partnerships
Nigeria’s Minister of State for Finance, Dr. Doris Uzoka-Anite, has urged global investors to explore the country’s vast investment opportunities, positioning Nigeria as a key destination for sustainable growth in Africa. Speaking at the 2025 Milken Institute Global Conference in New York, USA, Dr. Uzoka-Anite highlighted the country’s evolving economic landscape and commitment to reforms aimed at attracting long-term investment.…
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Nigeria records fastest economic growth in ten years – World Bank
By Kunle Sanni Nigeria’s economy posted its strongest performance in nearly a decade in 2024, according to the World Bank, with growth driven by a robust fourth quarter and improving fiscal conditions. At a presentation on Monday ahead of the release of the Nigeria Development Update (NDU), the World Bank’s Lead Economist for Nigeria, Alex Sienaert, revealed that the economy…
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‘Nigeria First Policy’ to accelerate Nigeria’s industrial revolution, says NASENI boss
The National Agency for Science and Engineering Infrastructure (NASENI) has welcomed President Bola Ahmed Tinubu’s “Nigeria First Policy,” describing it as a bold step toward accelerating Nigeria’s industrial revolution and economic growth. This is contained in a statement signed by Director of Information, NASENI, Olusegun Ayeoyenikan. In a statement, NASENI’s Executive Vice Chairman and CEO, Khalil Suleiman Halilu, commended the…
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Nigeria unveils digital trade mapping findings at Lusaka Jollof Mixer
Nigeria showcased its commitment to advancing the continent’s digital economy on Friday night in Lusaka, Zambia, as it unveiled preliminary findings from its National Digital Trade Mapping project at a high-level networking event tagged the Jollof Mixer. The event, hosted in collaboration with the United Nations Development Programme (UNDP Nigeria), brought together over 400 participants, including tech innovators, policymakers, and…
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Tinubu backs Qatari investment, assures stronger Nigeria-Qatar partnership
By Kunle Sanni President Bola Tinubu has welcomed new investment initiatives from Qatar, especially in agriculture and food security, reaffirming Nigeria’s commitment to strengthening ties with the Gulf nation. He made the remarks on Friday at the State House in Abuja while receiving Dr. Mohammed bin Abdulaziz Al-Khulaifi, Qatari Minister of State for Foreign Affairs and special envoy of the…
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IMF clears Nigeria from list of debtor-countries
A report has revealed that International Monetary Fund (IMF) has removed Nigeria from its list of debtor-countries. The report titled: ‘Total IMF Credit Outstanding – Movement from May 01, 2025 to May 06, 2025,” obtained on the multilateral institution’s website on Wednesday, disclosed that Nigeria was not listed among its debtors which has a total of 91 developing and least…
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FG, UK’s Propcom+ partner on agricultural transformation, economic growth
By Kunle Sanni The Federal Government has announced a new partnership with Propcom+, a UK Aid-funded programme, aimed at transforming Nigeria’s agricultural sector and driving broad-based economic growth. The collaboration was formalized on Wednesday when the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, received a delegation from Propcom+ at his office in Abuja. Edun emphasized the…
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