Browsing Tag
Economy
524 posts
NNPC Reports 12.8 Percent Revenue Decline for May 2026 Amid Production Gains
The NNPC reported a revenue decline to N4.335 trillion in May despite an increase in crude oil and natural gas production levels.
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.
Central Bank of Nigeria cancels licenses of 46 microfinance banks
The Central Bank of Nigeria has revoked the licenses of 46 microfinance banks effective July 1 due to their failure to meet required regulatory standards and operational obligations.
Donald Trump dismisses concerns over $1 billion crypto profits
President Trump defends earning over $1 billion from crypto ventures, citing stock market growth and blind trust management while facing questions about his financial gains.
Peter Obi Vows to Unify Nigeria and Prioritize Human Capital Growth
NDC presidential candidate Peter Obi has unveiled a roadmap for the 2027 election, centering on national unity, education reform, and the transition to a production-driven economy.
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.
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.
Donald Trump reports $1.2 billion in cryptocurrency earnings for 2025
Financial disclosures indicate Donald Trump accrued $1.2 billion through cryptocurrency ventures in 2025, largely driven by his involvement with World Liberty Financial and various digital asset licensing agreements.