IMF Says South Africa May Overtake Nigeria As Africa’s Biggest Economy
The International Monetary Fund (IMF) has disclosed in its forecast that South Africa may topple Nigeria as Africa’s biggest economy. According to the IMF World...
Federal Government’s Domestic Borrowing Surges In 2025, Crowding Out Private Sector Credit
The Federal Government’s domestic borrowing from banks and financial market operators rose sharply in 2025 despite high interest rates, widening the gap between public...
Nigeria Spends $2.34bn On Food Imports In 2025, Down 7.4%
•Food import share shrinks as total imports jump 28% By Babajide Komolafe Nigeria’s spending on food imports declined by 7.4 per cent, year-on-year to $2.34 billion in...
Nigeria Owes China $3.714bn ― DMO
The Debt Management Office (DMO) had put Nigeria’s total loan obligations to China at $3.714 billion by the end of 2020. According to a document...
After Rail Track Bombing, Abuja-Kaduna Train Services Resume Operations
The Minister of Transportation, Rotimi Amaechi, on Friday directed that Abuja-Kaduna Train Service (AKTS) should resume operations on Saturday. Amaechi gave the directive after inspecting...
Transport Costs Surge In Nigeria As Airfares And Okada Rides Drive Up February Spending
Nigerians paid more for transportation in February 2026 as rising airfares and motorcycle (Okada) fares pushed overall commuting costs higher, according to the National...
Nigerians Will Pay Higher Electricity Tariffs – FG Assures IMF
Nigerians will pay much higher electricity tariff in 2021, going by promises made by the Federal Government, FG to the International Monetary Fund, IMF...
FG Commences Skill Acquisition Training In South-East Zone
The Federal Government has commenced the training of youths and unemployed in the South-East zone, in various Skills as an alternative to white collar...
Dollar To Naira Exchange Rate Today, July 3, 2026
The Nigerian Naira maintained a steady path against the United States Dollar at the start of Friday’s trading session, reflecting subtle shifts across both...
CBN To Maintain Monetary Policy Rate At 26.5%
The Central Bank of Nigeria's (CBN) Monetary Policy Committee (MPC) decided to keep the Monetary Policy Rate (MPR) at 26.5% after its 305th meeting. The decision...
