The Central Bank of Nigeria (CBN) has emphasised the critical role of State Governments in ensuring a successful transition to an Inflation Targeting (IT) monetary policy framework, stressing that sustained price stability can be achieved only through coordinated fiscal discipline
The federal government has called on the World Bank to expedite the approval and disbursement of project funds to Nigeria, stressing that the facilities are loans that the country is obliged to repay, not grants. Accountant-General of the Federation (AGF),
The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has again affirmed the Federal Government’s commitment to resolving outstanding obligations to local contractors in a fair, transparent, and structured manner, as part of broader efforts
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, has assured investors that the government will stay the course on economic reforms, declaring that policy reversals will not define the current phase of the country’s economic
Nigeria’s three tiers of government shared a total sum of N2.036 trillion, being March 2026 Federation Account Revenue at the April 2026 Federation Account Allocation Committee (FAAC) meeting held in Abuja. The N2.036 trillion total distributable revenue comprised distributable statutory
The Central Bank of Nigeria (CBN), in collaboration with the Financial Markets Dealers Association (FMDA), have announced the introduction of the Nigerian Overnight Financing Rate (NOFR), a standardized benchmark aimed at enhancing transparency, strengthening monetary policy transmission, and deepening Nigeria’s
The Arab Bank for Economic Development in Africa (BADEA) has signed a EUR 40 million Line of Credit Facility Agreement with the Development Bank of Nigeria (DBN) to further strengthen private sector development and entrepreneurship in Nigeria. The agreement was
Sub-Saharan Africa’s economic recovery from a decade of global shocks is showing signs of stalling, with growth projections for 2026 revised downward by 0.3 percentage points from estimates previously published in October 2025, according to the latest edition of the Africa
The Board of Directors of African Export-Import Bank (Afreximbank) has approved a US$10 billion Gulf Crisis Response Programme (GCRP) to insulate African and Caribbean economies, financial institutions and corporates from the impact of the ongoing Gulf crisis. Afreximbank in a
Minister of State for Finance Mr Taiwo Oyedele has said that reform is not optional but the seed for progress, hence an inevitable choice for Africa to combat illicit financial flows(IFFs) Oyedele who was speaking at the closing of the
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