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Edun warns against subsidies, flags global debt burden

Finance Minister Olawale Edun on Tuesday warned against subsidy reversals at the World Bank/IMF Spring Meetings in Washington, urging developing nations to hold reform gains as global shocks intensify pressure to abandon hard-won policy progress.
News

IMF cuts Nigeria growth forecast to 4.1 percent

The International Monetary Fund cut Nigeria's 2026 growth forecast to 4.1 percent, down from 4.4 percent, citing higher commodity costs and shipping disruptions.
News

Resilient Nigerians Defy Tough Times with Stunning Creativity

Despite facing economic challenges, Nigerians are displaying resilience and creativity, transforming adversity into opportunity across various sectors like arts, tech, and agriculture.
News

Nigeria to Lose 300 Millionaires in 2024 Due to Economic Woes

Nigeria faces the loss of 300 millionaires in 2024 due to worsening economic conditions and insecurity, reports Henley Private Wealth.
News

President Tinubu: Nigeria Will Pay What It Can Afford in Minimum Wage

Nigerian President Bola Tinubu emphasizes that the country will adhere to a minimum wage that aligns with its economic capabilities, stressing a balanced approach to wage adjustments amid economic challenges
News

Nigerian Democracy at 25: A Journey of Highs and Lows

As Nigeria marks 25 years of democracy, the journey has been a mix of significant progress and persistent challenges, reflecting the dynamic nature of the country's democratic evolution.
News

Airfare Skyrockets in Nigeria Amid Economic Turmoil

Nigerians face steep airfare hikes, with prices surging over 300% due to economic pressures, including high aviation fuel costs and exchange rate impacts.
Society

Rising Construction Costs in Nigeria Threaten Housing Affordability

Construction costs in Nigeria skyrocket due to economic challenges, with calls for government action to mitigate impacts on housing and infrastructure.
Business

FG to Save N8 Trillion Annually from Subsidy Removal and FX Reform, Says Tinubu Panel

Nigeria aims to save N8 trillion annually through subsidy removal and forex rate changes, prioritising efficient spending for development.
News

Petrol Scarcity Hits Harder in Abuja, Lagos, Across Nigeria

Nigeria's woes deepen as cities like Abuja and Lagos witness intensified petrol scarcity, exacerbating...
Politics

Nigeria Celebrates 63 Years: Gbajabiamila Speaks on Economic Interventions

Femi Gbajabiamila, the Chief of Staff to President Bola Tinubu, addressed the nation's current...
Politics

PDP Criticizes Tinubu’s Independence Speech as Lacking Ideas

The Peoples Democratic Party (PDP) criticized President Bola Tinubu's address on Nigeria's 63rd Independence...

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News

Edun warns against subsidies, flags global debt burden

Finance Minister Olawale Edun on Tuesday warned against subsidy reversals at the World Bank/IMF Spring Meetings in Washington, urging developing nations to hold reform gains as global shocks intensify pressure to abandon hard-won policy progress.
News

IMF cuts Nigeria growth forecast to 4.1 percent

The International Monetary Fund cut Nigeria's 2026 growth forecast to 4.1 percent, down from 4.4 percent, citing higher commodity costs and shipping disruptions.
News

FG incurs N418bn power subsidy in Q4 2025

Nigeria's power subsidy obligation reached N418.79 billion in the fourth quarter of 2025, a decline of N39.96 billion from the third quarter, according to the Nigerian Electricity Regulatory Commission.
News

Dangote refinery makes Nigeria a net petrol exporter

Aliko Dangote's Lekki refinery turned Nigeria into a net petrol exporter last month, ending decades in which Africa's largest oil producer sent crude abroad only to import finished fuel.