"We can report that Nigeria has, indeed, exited from that debt, meaning we have paid it in full," the minister said.

Nigeria recently announced the full repayment of the $3.4 billion emergency loan obtained in 2020 from the International Monetary Fund ...

Nevertheless, poverty remains high and inflation is expected to remain over 20% through the year. The report comes amid a raft of reforms by President Bola Tinubu's government.

The President of the African Development Bank, Dr Akinwunmi Adesina, recently compared Nigeria’s promising $1,857 gross ...

American lawmakers have introduced a draft bill that would add a 5 per cent tax on money sent to other countries, potentially ...

Nigeria achieved a Balance of Payments surplus of $6.83billion in 2024. This represents a significant turnaround from deficits of $3.34billion in 2023 and $3.32billion in 2022, reflecting stronger ...

The Debt Management Office (DMO) has launched a new N300 billion Sovereign Sukuk bond, promising to sustain its effort to ...

The Debt Management Office (DMO) has launched a new N300 billion Sovereign Sukuk bond with a promise to sustain its effort to ...

At present, the best-performing sectors of the economy, like finance and ICT, while important as drivers of growth, are not ...

The Federal Government of Nigeria, through the Agro-Climatic Resilience in Semi-Arid Landscape Project (ACReSAL), a World ...

Trade unions and civil society organisations from Nigeria, Kenya, and Uganda have called on their governments to immediately suspend ongoing and planned ...

Data is the foundation of economic policy. Governments use it to plan budgets, respond to crises, measure growth, and make ...