By: Ganiyu Olayinka Nigeria’s economy expanded by 4.43 per cent year-on-year in the second quarter of 2026, according to the Federal Ministry of Finance, marking an acceleration from 4.23 per cent in the same period last year and from 3.89 per cent recorded in the first quarter of this year.The ministry said the strong second-quarter…
Nigeria’s capital market has been reclassified as a “Frontier Market” by global index provider FTSE Russell, marking the country’s return to the frontier market universe after nearly three years on the sidelines, the Federal Ministry of Finance announced. The upgrade takes effect from the start of trading on Monday, 21 September 2026, moving Nigeria out…
By: Ganiyu Olayinka Sterling Bank has kept its non-performing loan (NPL) ratio broadly stable over the past ten years, edging up only slightly from 4.80 per cent in the first quarter of 2016 to 4.93 per cent in the first quarter of 2026 thereby staying consistently under the Central Bank of Nigeria’s (CBN) five per…
By: Tunji Okunlola The Federal Government has dismissed claims that it spent more than ₦8 trillion outside the approved national budget, describing the allegation as a misrepresentation of the International Monetary Fund’s (IMF) 2026 Article IV Consultation Report. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the Federal Government does…
By: Ganiyu Olayinka Petrol prices have started falling at filling stations across the country, days after Dangote Refinery announced a cut in its ex-depot price. A market survey conducted on Saturday found that several fuel marketers in Abuja and its environs have adjusted their pump prices downward. Outlets that have implemented the reduction include AA…
The Federal Government says the Fund’s 2026 Article IV assessment independently confirms that two-and-a-half years of difficult structural reforms are paying off – even as poverty and food insecurity remain pressing concerns By: Ganiyu Olayinka The Federal Government has welcomed the International Monetary Fund’s 2026 Article IV Mission Concluding Statement on Nigeria, describing it as…
By: Ganiyu Olayinka The World Bank has moved to limit comments on its Instagram page after a surge of reactions from Nigerians opposing a proposed $1.25 billion loan facility being negotiated with the Federal Government under President Bola Tinubu. The backlash followed reports that Abuja is in advanced talks with the Washington-based lender over a…
