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

IFC’s $5 million financing package includes a $2.5 million senior loan from its own account and a $2.5 million concessional ...

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

The World Bank reports that NNPCL only remitted 50 percent of revenue from the subsidy removal to the Federation Account.

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

Nevertheless, poverty remains high and inflation is expected to remain over 20% through the year. The report comes amid a ...

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

World Bank has said Nigeria's electricity subsidy is wasteful and regressive, warning that the subsidy continues to undermine ...

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

It said the acceleration in gross domestic product (GDP) growth was driven mainly by a continued oil and gas sector recovery ...

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