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Economy
184 posts
World Bank Grants Nigeria $1.25 Billion to Propel Economic Growth and Job Creation
The World Bank has committed $1.25 billion to Nigeria through the NAIJA program to bolster economic reforms, expand infrastructure, and create millions of jobs.
Finance Minister Oyedele declares Nigeria has reached economic stability
Finance Minister Taiwo Oyedele states that Nigeria has transitioned from economic volatility to stability, with the government now focusing on long-term inclusive growth and essential fiscal reforms.
IMF Highlights Issues with Omitted Expenditure in Nigeria’s Fiscal Data
The IMF has identified roughly two percent of Nigeria's GDP in missing fiscal expenditure, urging better transparency to improve economic management and accountability.
Afreximbank Chief Urges African Nations to Stop Raw Lithium Exports and Launch EV Battery Manufacturing
Afreximbank President Dr. George Elombi is calling for a shift in African economic strategy, urging nations to manufacture EV batteries locally rather than exporting lithium, while criticizing biased international rating agencies.
MRS Filling Stations Lower Petrol Prices for Second Time in a Fortnight
MRS filling stations in Abuja have cut petrol prices by N50 per liter, marking their second reduction in two weeks as global crude oil prices soften.
World Bank Grants Nigeria New $1.25 Billion Loan
The World Bank has provided a $1.25 billion loan to Nigeria under a new six-year partnership framework aimed at boosting employment and private sector growth.
UN Warns 61 Nations Remain Vulnerable Following Strait of Hormuz Reopening
A UN report highlights that 61 vulnerable economies continue to face significant oil and food price shocks despite the reopening of the Strait of Hormuz.
Enahoro Ojiefoh Predicts Fuel Price Decrease in Coming Weeks
Former Commissioner Enahoro Ojiefoh projects that fuel prices in Nigeria will likely decrease within the next two to three weeks once existing stocks are sold off.
World Bank Plans to Halt China Loans by 2031
The World Bank is set to stop providing loans to China by 2031, transitioning its role from a creditor to a knowledge partner as the country's economy continues to evolve.
Why Gen Z is preparing for a future without state pensions
A significant portion of Gen Z doubts the future of the state pension, leading many to reassess their saving habits, career paths, and retirement expectations in an increasingly uncertain financial landscape.