The World Bank has revealed that Nigeria could increase its customs revenue by 66 per cent if the Federal Government lifts ...

Nigeria's economy recorded its fastest growth in about a decade in 2024, driven by a strong fourth quarter and an improved ...

The World Bank has faulted the Central Bank of Nigeria’s (CBN) Open Market Operations (OMO) policy, calling for adjustments ...

Nigeria's inflation rate increased to 24.23% in March 2025, but the World Bank projects that average inflation will decline, ...

World Bank reports that Nigerian National Petroleum Company Limited (NNPCL) has been transferring only 50% of fuel subsidy ...

The World Bank says the petrol subsidy removal has not fully translated into expected revenue gains as only half of the ...

Emma OkonjiFollowing the survey result of the aridity index of some parts of Nigeria, which highlighted the extent to which 19 northern states in Nigeria were severely hit by the challenges of climate ...

Nigeria’s path to a $1 trillion economy is not out of reach, but it demands urgency. Africa’s most populous nation must grow ...

The World Bank has labeled Nigeria’s 2025 federal budget as overly ambitious, warning that the Federal Government (FG) might ...

However, Samad acknowledged that challenges remain, particularly the persistence of high inflation. He underscored the ...

Nigeria’s inflation rate is projected to average 22.1% in 2025 as the Central Bank’s tight monetary stance begins to anchor ...

The Nigeria Development Update (NDU) is a biannual World Bank report series. The NDU assesses recent economic and social developments and prospects in Nigeria, and places these in a longer-term and ...