Economy & Market
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309FG, States Add ₦57tr to Debt in 18 Months
Nigeria’s total public debt rose by N57.3tn within the first 18 months of the current administration, according to an analysis of data...
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504Economic and Market Report: Week Ended 09-05-2025
Global Economy In line with market expectations, the Federal Open Market Committee (FOMC), at its May 2025 meeting, voted to maintain the...
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1.5KFG to Issue ₦250b Sovereign Green Bond in October –Minister
The Federal Government is set to issue N250 billion Sovereign Green Bond between May and October this year. Briefing newsmen at the...
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2667% GDP Growth Achievable –Finance Minister
The federal government has directed the Economic Management Team (EMT) to strategise for Nigeria’s economic future, targeting a medium-term growth rate of...
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225PMI Report: Manufacturing Sector Witnessing Strongest Inflationary Pressures
The Purchasing Manager Index (PMI) of Stanbic IBTC Bank Plc for the month of April 2025 has shown that the manufacturing sector...
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887Nigeria Taps Additional $215m W’Bank Loan for Palliatives
The World Bank has disbursed additional funds to Nigeria under the $800m National Social Safety Net Programme-Scale Up, raising the total amount...
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277Bullish Streak Extended at the Exchange as ASI Up 0.4%
EQUITIES The bulls continued to dominate the Nigerian equities market as buying interest in DANGCEM (+1.9%) and TRANSCOHOT (+8.6%) drove a 0.4%...
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626Nigeria Removed from List of Countries Indebted to IMF
International Monetary Fund (IMF) has removed Nigeria from its list of debtor-countries. In a report titled: ‘Total IMF Credit Outstanding – Movement...
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172States to Earn More as Senate Okays New Sharing Formula for VAT, Retains 7.5%
The Senate has ceded more revenue to states as it passed two of the four much-anticipated Tax Reform Bills which are expected...
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285Bullish Sprint at the Exchange as ASI Up 0.5%
EQUITIES The Nigerian equities market extended its bullish run for the fourth consecutive session, buoyed by buying interest in banking stocks, including...
