Nigeria's fiscal position remains under severe pressure despite improved non-oil revenue performance, with debt servicing consuming 44.3 per cent of federal government revenue in the third quarter of 2025. The Alliance for Economic Research and Ethics raised the concern in its assessment of the Federal Government's 2025 third-quarter budget implementation report, released recently — eight …
President Bola Tinubu's administration entered the third quarter of 2025 with a promise to stabilise the economy, boost growth and invest heavily in infrastructure. On the surface, some of the numbers appear encouraging. Economic growth strengthened, inflation slowed sharply, and non-oil revenue collections exceeded expectations. Beneath those positive indicators, however, the government's budget implementation report …
Nigeria is positioning itself to secure cheaper financing and potentially refinance costly existing debt the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said. This is as improving market conditions and growing investor interest create new opportunities for the country, he stressed. Speaking in an interview with Bloomberg recently, Oyedele explained …
Global investors have committed a record $2 billion syndicated loan to the Africa Finance Corporation (AFC) for Africa’s infrastructure drive. In a statement on Thursday, the AFC said the facility signals strong confidence in the continent’s infrastructure growth prospects despite ongoing geopolitical tensions and volatility in international markets. The funding, AFC’s largest syndicated loan facility …
Corporate Accountability and Public Participation Africa (CAPPA) has welcomed the Senate’s passage of a bill seeking to reform Nigeria’s tax regime on Sugar-Sweetened Beverages (SSB), calling on the House of Representatives to follow suit. In a statement issued on Wednesday and signed by its Media and Communications Officer, Robert Egbe, the organisation described the move …
Nigeria recorded a remarkable surge in capital importation in the first quarter of 2026, attracting $10.37 billion in foreign inflows. The National Bureau of Statistics (NBS) revealed this in its latest Capital Importation Report released on Wednesday. An analysis of the report shows that capital importation increased by 83.83 per cent from the $5.64 billion …
DataPro has identified credit ratings as a critical tool for restoring investors' confidence and unlocking long-term financing in Nigeria’s struggling power sector. The Nigerian technology-driven Credit Rating Agency stated this in its latest Monthly Rating Brief for June, warning that persistent liquidity shortages, mounting debts and weak cash flows continue to undermine the industry’s sustainability. …
Nigeria's stock market is witnessing a remarkable surge in activity, but beneath the impressive growth figures lies a significant shift in investor composition, Pinnacle Daily can report. While total transactions on the Nigerian Exchange Limited (NGX) climbed to ₦1.8 trillion in April 2026, foreign investors are steadily losing ground to domestic players, raising questions about …
The Central Bank of Nigeria (CBN) has undertaken a major leadership reshuffle, redeploying all four of its deputy governors in a move aimed at strengthening coordination across key directorates and aligning responsibilities with the bank’s evolving priorities. The changes, which took effect on June 1, 2026, were reflected in updated profiles published on the apex …
A new report by the Alliance for Economic Research and Ethics (AERE) has revealed that Nigerian banks are allocating just one per cent of total credit to small and medium enterprises (SMEs). This is despite the sector contributing 50 per cent of the country’s Gross Domestic Product (GDP) and employing 80 per cent of the …
