News
Nigeria's inflation rate rises to 15. 93%
17+ hour, 19+ min ago (359+ words) The NBS announced the increase in its consumer price index (CPI) report on Monday. The latest record marks the third consecutive increase in 2026. "On a year-on-year basis, the Headline inflation rate rose to 15. 93%, up from 15. 69% in April 2026 and down from…...
FG, States, LGs Share "2. 26tn April Revenue
17+ hour, 49+ min ago (215+ words) The Federation Account Allocation Committee (FAAC) has distributed "2. 26 trillion among the Federal Government, states, and local government councils as April 2026 revenue, marking a "217 billion increase from the previous month's allocation. According to a statement by the Office of the Accountant-General…...
World Bank to support developing countries with $100bn "if Middle East conflict persists
1+ day, 14+ hour ago (247+ words) In its latest "Global Economic Prospects" report on Thursday, the World Bank said between $50 billion and $60 billion is immediately available through existing financing instruments, including $25 billion in pre-arranged funding, to ease the impact of the Middle East conflict. "If the…...
IMF advises Nigeria to charge VAT on petroleum products, excise duty on telecoms services
1+ day, 13+ hour ago (446+ words) The International Monetary Fund (IMF) says Nigeria may need to extend value-added tax (VAT) to fuel products and introduce excise duties on telecommunications services to raise government revenue, fund development and social spending. The recommendation is contained in the IMF's…...
World Bank retains Nigeria's 4. 1% economic growth forecast
2+ day, 16+ hour ago (476+ words) The World Bank has retained its projection for Nigeria's economic growth rate for 2026 at 4. 1 percent. The Washington-based organization announced the projection in its 2026 "Global Economic Prospects' report on Thursday. The global financial institution also maintained its forecast for Nigeria's economic…...
UK, Nigeria Launch "15 Million Growth Programme to Unlock Investment Drive
3+ day, 19+ hour ago (462+ words) The United Kingdom and Nigeria have jointly unveiled a new "15 million Growth Programme designed to attract private investment, accelerate economic reforms, and foster sustained, long-term growth in Nigeria. The initiative was announced during a two-day visit to Nigeria by UK…...
'It's Risky' - IMF Warns Tinubu Govt Against $5bn Abu Dhabi Bank Loan
5+ day, 23+ hour ago (181+ words) The International Monetary Fund (IMF) has cautioned President Bola Ahmed Tinubu's administration against proceeding with the proposed $5 billion borrowing arrangement with the First Abu Dhabi Bank of the United Arab Emirates under a Total Return Swap (TRS) financing structure. Delivering…...
FG Slashes Ministers" Imprest at "700, 000 to Reinforce Fiscal Discipline
1+ week, 1+ day ago (269+ words) The Federal Government has introduced new financial control measures across Ministries, Departments and Agencies (MDAs), limiting reimbursable imprest for top officials and tightening oversight of public funds. According to the 2026 Annual General Imprest Warrant signed by the Minister of Finance…...
Nigeria's Economic Growth to Drop to 3. 7% as Oil Revenue Weakens " Af DB
2+ week, 3+ day ago (524+ words) The African Development Bank (Af DB) says Nigeria's economic growth is projected to decline to 3. 7 percent in 2027 due to the anticipated drop in global oil prices and reduced external revenue inflows. The projection is contained in the latest 2026 African Economic…...
Nigeria's inflation rate rises to 15. 3%, first increase in 12 months - Latest News In Nigeria, Nigeria News Today, Your Online Nigerian Newspaper
2+ mon, 15+ hour ago (341+ words) The increase is the first in 12 months since the inflation rate started declining in April 2025. NBS announced the increase in its consumer price index (CPI) report on Wednesday. "The Headline inflation rate rose to 15. 38%, up from 15. 06% in February 2026 and stood…...