Fitch revises Nigeria’s outlook to positive, affirms ‘B’ rating
Fitch has revised Nigeria’s Long-Term Issuer Default Ratings outlook from Stable to Positive, citing the success of the sustained economic reforms and rising foreign exchange reserves.
Customs collects N3.7 trn in H1
By Emma Ujah, The Nigeria Customs Service (NCS) generated N3.7 trillion in the first half of the year. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, disclosed this at the 62nd meeting of the Customs Board, according to a statement by Director of Information and Public Relations of the Federal Ministry […]
British International Investment, Babban Gona, sign $7.5m deal to boost food security, others
By Peter Egwuatu British International Investment (BII), the UK’s development finance institution and impact investor, have announced a $7.5 million debt investment in Nigerian agri-tech platform, Babban Gona, to boost food security and climate resilience for smallholder farmers in Northern Nigeria. Commenting at the signing ceremony in Lagos, Benson Adenuga, West Africa Regional Director and Head […]
Price hike: No subsidy on CNG, says FG
By Obas Esiedesa, Abuja The Presidential Compressed Natural Gas Initiative, PCNGI, has clarified that the federal government does not provide subsidies on Compressed Natural Gas, CNG, following the recent hike in pump prices by some operators. In a statement yesterday, PCNGI explained that pricing decisions are solely at the discretion of private sector players, while stressing […]
We’re honouring our obligations, Edun tells Islamic Development Bank
By John Alechenu The Federal Government has disclosed that it has been honouring its obligations with lenders despite the fiscal constraints and reaffirmed commitment to strengthening ties with the Islamic Development Bank (IsDB) and similar institutions, to deliver transformative development projects across priority sectors, especially infrastructure. The Minister of Finance and Coordinating Minister of the Economy, […]
Economic activities record 8th consecutive month expansion in July —CBN
•As Nigerians expect stable inflation rate By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, yesterday, said economic activities expanded for the eighth consecutive months at 52.7 index points in July 2025. CBN disclosed this in its Purchasing Managers Index, PMI, Survey Report for July. The report showed that out of the 36 subsectors covered in […]
