Category: Economy
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FG revenue hits N6.9trn in Q1
The Minister of Finance and Coordinating Minister for the Economy, Mr Wale Edun, said Federal Government revenue rose to N6.9 trillion in the first quarter.
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FG’s N50bn green bond oversubscribed, draws N91bn
Investors again demonstrated confidence in the Federal Government of Nigeria (FGN) Securities by the high level of subscription of N91.42 billion recorded in the recent Sovereign Green Bond offer.
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FG, states, LGs share N1.65trn May revenue
The Federation Account Allocation Committee (FAAC), has shared N1.659 trillion, being May 2025 revenue among the Federal Government, States and the Local Government Councils (LGCs).
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Inflation rate further eases to 22.97% in May – NBS
The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate eased further to 22.97 per cent in May 2025.
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Democracy Day: Results of my reforms already visible – Tinubu
President Bola Tinubu on Thursday said his administration introduced fundamental reforms to correct structural imbalances and reform the country’s ailing economy.
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FG’s reforms to crash food prices – Minister
The Federal Government has said that its agricultural reforms was designed to ensure food availability, affordability and accessibility for all Nigerians.
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Nigeria’s economy back on track – Budget Minister
Sen. Atiku Bagudu, the Minister of Budget and Economic Planning, says the President Bola Tinubu administration has implemented bold reforms that have positioned the nation’s economy for sustained recovery and growth, despite short-term pain.
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Naira surges as forex reforms gain traction
The Naira appreciated by ₦4.59 against the U.S. Dollar on Thursday, closing at ₦1,586.15 at the official foreign exchange market.
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Nigeria’s economic growth slows, reforms yielding results – AfDB
Nigeria’s economy is projected to grow at a slower pace with its real Gross Domestic Product (GDP) growth at 3.2 per cent in 2025 and 3.1 per cent in 2026.
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Nigeria spends $2 Billion on external debt servicing in four months
Between January and April 2025, Nigeria spent approximately $2.01 billion on external debt servicing marking a sharp 50% increase from the $1.33 billion spent during the same period in 2024. This information comes from newly released international payments data from the Central Bank of Nigeria (CBN), obtained by The PUNCH. The data reveals that debt…