The International Monetary Fund (IMF) has upgraded Nigeria’s economic growth forecast to 3.9 per cent in 2025, citing, among others, improved appreciation in the exchange rate. It reviewed this in the World Economic Outlook (WEO) unveiled at its ongoing annual meetings in Washington, D.C, on Tuesday, October 14. The projection of 3.9 per cent is …
The International Monetary Fund (IMF) has urged countries to prioritise reducing their debt levels, warning that excessive debt suffocates economies. The Managing Director, Kristalina Georgieva, gave the advice on Monday, October 13 during the civil society organisation (CSO) town hall at the ongoing annual meetings of the World Bank and IMF. She said countries can …
Geregu Power Plc and its counterpart in the generation and sales of electric power, Transcorp Power Plc, saw revenues grow year-on-year to ₦439.97 billion in the third quarter (Q3) of the year. The two-generation companies (GenCos) stated in their unaudited Q3 financial results for the period ended September 30, 2025. Their revenues grew by 30.91 …
The National Insurance Commission (NAICOM) has said that regional insurance collaboration is needed to bridge the climate finance gap in West Africa. The Commission's Chief Executive Officer, Olusegun Omosehin, made the call while delivering a keynote address at the 2025 West Africa Insurance Companies Association (WAICA) Education Conference in Lagos on Monday, October 13. He …
The Federal Competition and Consumer Protection Commission (FCCPC) has described the Central Bank of Nigeria (CBN) policy to ensure banks refund customers for failed automated teller machine (ATM) transactions within 48 hours as timely and long-awaited. In a statement on Monday, October 13, the commission vowed to work closely with the CBN to enforce compliance …
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said that Africa must remove disincentives to investment to grow revenue. He emphasised this in a post on his X handle on Monday, October 13, to explain what he meant by "The True Cost of Tax". He suggested that it is …
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, would lead Nigeria's delegation to the World Bank and International Monetary Fund Annual Meeting in Washington, DC. The meeting opens on Monday, October 13, according to a statement on Sunday, October 12 signed by the Special Adviser to the President on Information and Strategy, …
The Central Bank of Nigeria (CBN) has introduced draft guidelines that will compel banks to provide instant refunds for failed Automated Teller Machine (ATM) transactions to customers. It issued the draft guidelines on Saturday, October 11, accompanied by a circular dated October 9 and signed by its Director of the Payments System Policy Department, Musa …
The federal government accounts for N141.08 trillion, or 92.6 per cent, as Nigeria’s total public debt stock rose to N152.4 trillion on June 30, 2025. This is according to the latest disclosure by the Debt Management Office (DMO). A cursory look at the debt office report shows that Nigeria's public debt worsened by N3.01 trillion …
The Nigerian equities market continued on a positive momentum, with investors pocketing a ₦2.16 trillion gain in the just-concluded week, despite the negative sentiment that was printed on banking stocks. Market capitalisation, the total value of stocks listed on the Nigerian Exchange Limited (NGX), rose by 2.37 per cent week-on-week to close at ₦93.30 trillion …
