News
FG inaugurates advisory committee to deepen economic reforms
12+ hour, 10+ min ago (1111+ words) The Federal Government on Tuesday inaugurated a Ministerial Advisory Committee to provide independent, evidence-based reviews of its economic reforms as it seeks to convert recent policy changes into tangible benefits for Nigerians. Speaking at the inauguration of the committee at…...
CBN plans N750bn T-Bills auction to tighten liquidity
12+ hour, 31+ min ago (509+ words) The Central Bank of Nigeria is gearing up to raise N750bn from the Nigerian Treasury Bills primary market auction on Wednesday, as the apex bank intensifies its aggressive liquidity mop-up. Market analysts widely predict that investor demand will remain highly robust,…...
Nigeria losing N4tn annual shea nut revenue to export leaks – Report
3+ day, 11+ hour ago (1173+ words) Nigeria forfeited approximately N4tn in unrealised market value of its shea nut exports in the past year, according to the latest reports by the Presidential Food Systems Coordinating Unit. This was as the country’s shea nut annual output of 346,933 metric tonnes…...
IMF projects 4.7% global inflation, 3% economic growth
5+ day, 11+ hour ago (414+ words) The International Monetary Fund has projected that global headline inflation will increase from 4.1 per cent in 2025 to 4.7 per cent in 2026. In its July 2026 World Economic Outlook Update, the IMF stated that the global economy is currently navigating the crosscurrents of…...
Consumer goods prices rise despite stable economic indicators
5+ day, 11+ hour ago (520+ words) Prices of several fast-moving consumer goods in Nigeria’s retail market recorded fresh increases, with some dairy and cereal products posting increases of up to 66.7 per cent despite a relatively stable macroeconomic environment. The latest market data, obtained by The PUNCH…...
Rising prices threaten Nigeria’s poverty reduction gains – IMF
6+ day, 7+ hour ago (655+ words) The International Monetary Fund has warned that rising prices of essential goods could deepen poverty and worsen food insecurity in Nigeria despite recent improvements in the country’s macroeconomic stability. The warning was contained in the IMF’s July 2026 World Economic Outlook…...
IMF projects Nigeria’s economy to grow 4.1% in 2026
6+ day, 11+ hour ago (673+ words) The International Monetary Fund has projected that Nigeria’s economy will expand by 4.1 per cent in 2026 and accelerate to 4.3 per cent in 2027, even as global economic growth is expected to slow to 3.0 per cent next year amid the combined effects of…...
Higher prices may worsen Nigeria's poverty, IMF warns
6+ day, 19+ hour ago (715+ words) The International Monetary Fund has warned that rising prices of essential goods could deepen poverty and worsen food insecurity in Nigeria despite recent improvements in the country’s macroeconomic stability. The warning was contained in the IMF’s July 2026 World Economic Outlook…...
Only 6% of Nigerians access formal credit – Report
1+ week, 5+ day ago (595+ words) The Nigeria’s Credit Landscape Report 2025 has revealed a striking paradox in the nation’s financial ecosystem, showing that while more Nigerians are becoming financially included, only about six per cent of adults currently access credit through formal financial institutions. Published by…...
Policy inconsistency hurting industrial growth, manufacturers warn
1+ week, 5+ day ago (427+ words) Leadership and members of the Manufacturers Association of Nigeria at the 2026 Chief Executive Officers/Managing Directors Business Luncheon organised by the Ikeja Branch of MAN recently in Lagos The concerns were raised at the 2026 Chief Executive Officers/Managing Directors Business…...