The Federal Government has drawn down $1.5bn from a $5bn financing facility arranged with the United Arab Emirates’ largest lender, First Abu Dhabi Bank, despite growing concerns from global financial…
The Federal Government has borrowed N17.36 trillion from domestic and foreign sources in the first 10 months of this year, DECENCY GLOBAL NEWS reports. This represents N6.06 trillion (55.6 per…
The International Monetary Fund, IMF, has revealed that Nigeria is not among Africa’s fastest-growing economies, as countries such as Benin Republic, Côte d’Ivoire, Ethiopia, Rwanda, and Uganda continue to lead…
The Federal Inland Revenue Service, (FIRS), has renewed its partnership with the International Monetary Fund (IMF) through the African Regional Technical Assistance Centre in West Africa (AFRITAC West 2) to…
Nigeria spent about $2.01bn on external debt servicing between January and April 2025, marking a 50 per cent increase compared to the $1.33bn recorded during the same period in 2024.…
The International Monetary Fund (IMF) on Monday advised heavily-indebted countries to seek debt restructuring where necessary to restore macroeconomic stability and sustainable growth. In a report titled: “Toward a Better…
The International Monetary Fund has revealed that Nigeria’s Gross Domestic Product per capita declined to $835.49 in 2025 from $877.07 in 2024, indicating a 4.74 per cent dip. According to…
The Academic Staff Union of Universities on Tuesday raised an alarm over a plot to sabotage the interest of public universities in the country. ASUU’s National President, Prof Emmanuel Osodeke,…
The Nigeria Labour Congress, NLC, has criticised the International Monetary Fund for its denial of responsibility regarding the Nigerian government’s recent removal of subsidy on petrol. The congress describes the…
Nigeria’s inflation rate is predicted to stabilize at 14 per cent in 2029, indicating a potential end to the current upward trend according to the latest data from the International…