Nigeria's domestic debt servicing surged by 46% to N8.61 trillion in 2025, now exceeding external debt costs. Treasury bill interest payments tripled, highlighting growing fiscal pressures as debt servicing surpasses capital expenditure by N3.9 trillion.
Former Finance Minister Wale Edun expressed gratitude to President Tinubu and Nigerians for the opportunity to serve, noting economic growth rose from 2% to over 4% and inflation dropped from 35% to 15% under the administration's reforms.
Former Finance Minister Wale Edun expressed gratitude to President Tinubu for the opportunity to serve, highlighting economic growth rising from 2% to over 4% and inflation dropping from 35% to 15% under the administration's reforms.
Discover practical strategies for Nigerian salary earners to redefine comfort, plug financial leaks, and enjoy life sustainably despite rising inflation and economic pressures.
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The US dollar surged to a 7-day high due to escalating US-Iran tensions, while Nigeria's naira depreciated to around ₦1,349.67 per dollar and external reserves fell by $1.4 billion, raising economic concerns.
Nigeria's domestic debt has surged to ₦80.49 trillion following a ₦100 billion borrowing from unclaimed private funds, signaling growing fiscal pressure and a shift toward unconventional financing sources under the Finance Act 2020.
Nigeria loses $250 billion annually from poor waste management, but a new initiative led by Amb. Dr. Ekpoye Promise Nakus aims to convert this crisis into wealth through recycling plants and job creation.
Analysis of Nigeria's economic and strategic weaknesses amid global conflicts, highlighting reliance on oil, food imports, and lack of industrial capacity, with comparisons to historical and contemporary nations.
Finance Minister Wale Edun asserts that Nigeria's economic reforms under President Tinubu are transitioning the country from vulnerability to a stable, growth-oriented path, as discussed at the World Bank-IMF Spring Meetings.
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Chief Economist Paul Alaje expresses worry over reports of unbudgeted government expenditures, emphasizing risks to fiscal discipline and transparency amid World Bank data controversy.
Explore the complexities of family income in Nigeria, including average earnings, income brackets, and practical steps to assess household economic status in Africa's largest economy.
Cowry Asset Management warns Nigeria's rising debt could hinder growth, stressing the need for revenue expansion and prudent spending to ensure sustainability amid N159.28 trillion debt.
The Federal Government clarifies that FAAC deductions are legitimate fiscal obligations, not revenue diversions, as per the World Bank's Nigeria Development Update.
Nigeria's domestic debt has surged to ₦80.49 trillion following the Federal Government's ₦100 billion borrowing from unclaimed private assets, signaling growing fiscal pressure and a shift toward unconventional funding sources.
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Nigeria's economy demonstrated steady performance in Q1 2026, with experts highlighting resilience despite challenges like insecurity and uneven sectoral growth. Key economists discussed improvements in macroeconomic stability and the need for reforms.
SMEDAN raises concerns over low application rates for over N200 billion in grants for Nigerian MSMEs, citing distrust in government programmes as a key barrier.
The African Export-Import Bank (Afreximbank) has opened applications for its 2027 Internship Programme, offering young Africans a $1,000 monthly tax-free stipend, housing allowance, and visa support to gain hands-on experience in trade finance.
The Federal Government has implemented sweeping import bans on 17 categories of goods including poultry, cement, and medicines while introducing a 2% environmental levy on high-capacity vehicles as part of the 2026 Fiscal Policy Measures.
The Nigerian government has raised N100 billion through the Unclaimed Funds Trust Fund, tapping dormant bank accounts and unclaimed dividends to finance budget deficits. This move comes as Nigeria's total public debt reaches N187 trillion, highlighting gr
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The federal government has dismissed allegations of hidden spending and revenue diversion, stating that FAAC deductions are legitimate fiscal obligations, not missing funds.
Nigeria's debt service obligations surged in Q4 2025, with domestic payments reaching N2.28 trillion and external payments hitting $1.8 billion, driven by high interest costs and commercial debt.
Canadian Prime Minister Mark Carney warns that close economic ties with the US have become a vulnerability due to trade disruptions and tariffs, urging diversification for national sovereignty.
The Federal Government has refuted claims of revenue diversion while charging regional development commissions with economic diversification. Meanwhile, former VP Atiku Abubakar criticizes economic policies following IMF growth forecast downgrade.
Prof. Banji Oyelaran-Oyeyinka calls for urgent action on Ajaokuta Steel, highlighting its potential to contribute $115 billion to GDP, conserve $9.1 billion in foreign exchange, and create 70,000 jobs.
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The World Bank's recommendation for Nigeria to resume petrol imports has ignited controversy, with critics arguing it conflicts with national laws and undermines domestic refining investments like Dangote Refinery.
Nigeria's all-commodity terms of trade increased by 0.01% in Q4 2025, with exports rising 0.12%. The NBS report details regional price changes and imports from France.
This article explores Nigeria's 'Naira-for-Crude' policy, a key pillar of economic reform aimed at reducing dollar dependency for fuel imports. It analyzes the mechanics, risks, and implications of this functional de-dollarisation strategy.
The Centre for the Promotion of Private Enterprise praises Nigeria's 2026 fiscal policy for boosting domestic production but warns import-dependent firms face higher costs and margin pressures.
The Nigerian federal government has expanded import restrictions, banning 17 categories of goods including cement, poultry, pharmaceuticals from non-ECOWAS countries to boost regional trade and protect domestic industries.
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New DMO data reveals Lagos and Rivers states lead Nigeria's rising subnational debt, with total domestic debt hitting N4.36 trillion and external debt reaching $51.81 billion in 2025.
