The International Monetary Fund (IMF) has warned that global public debt is on course to exceed 100 per cent of world GDP by 2029 — a level not seen since the aftermath of the Second World War. Presenting the latest Fiscal Monitor in Washington on Wednesday, IMF Fiscal Affairs Director Vitor Gaspar cautioned that debt…
The Asian Development Bank (ADB) has sanctioned a 500 million US dollar policy-based loan to advance Indonesia’s green growth agenda and reinforce its global competitiveness. The funding is part of the third phase of the Competitiveness, Industrial Modernisation, and Trade Acceleration (CITA) programme — a wide-ranging initiative aimed at boosting trade efficiency, encouraging sustainable investment,…
The International Monetary Fund (IMF) has forecast a slowdown in global economic growth from 3.3% in 2024 to 3.2% in 2025 and 3.1% in 2026, warning that rising protectionism and policy uncertainty could weigh on recovery. Presenting the IMF’s October World Economic Outlook in Washington on Tuesday, Tobias Adrian, the Fund’s Financial Counsellor, said advanced…
Nigerian automaker, Innoson Vehicle Manufacturing (IVM) Limited, has announced plans to establish a Compressed Natural Gas (CNG) assembly plant in Bayelsa State, aimed at boosting the state’s transportation sector and creating job opportunities. The company’s Chairman and Chief Executive Officer, Chief Innocent Chukwuma, disclosed this during a visit to Gov. Douye Diri in Yenagoa on…
The Federal Competition and Consumer Protection Commission (FCCPC) has commended the Central Bank of Nigeria (CBN) for its draft guidelines mandating banks to refund customers for failed Automated Teller Machine (ATM) transactions within 48 hours. In a statement issued on Monday in Abuja, the FCCPC’s Director of Corporate Affairs, Mr. Ondaje Ijagwu, said the draft…
Nigerians are calling on the government to stabilise the price and supply of Liquefied Petroleum Gas (LPG) after a sharp increase triggered by recent industrial unrest disrupted distribution nationwide. The price of cooking gas — a key household energy source for millions — surged from ₦1,100–₦1,200 per kilogramme to as high as ₦1,800, following a…
The Presidency has announced that Central Bank Governor, Mr. Olayemi Cardoso, will lead Nigeria’s delegation to the 2025 Annual Meetings of the World Bank and the International Monetary Fund (IMF) in Washington D.C., following the unavailability of the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun. In a statement issued on…
President of Masters Energy Group and former Minister of State for Mines and Steel Development, Dr. Uchechukwu Ogah, has called for pragmatic reforms and sustained policy consistency as crucial drivers of Nigeria’s energy transition and long-term sustainable growth. Ogah made the call at the 2025 NAEC International Energy Conference held in Lagos. The three-day event,…
A delegation of Qatari investors has pledged $300 billion in new investments for Nigeria, a move hailed by business leaders as a strong endorsement of President Bola Tinubu’s reform-driven economic agenda. The commitment was announced during a high-level business reception in Lagos on Saturday, attended by members of Future Union Group, Qatar, led by Sheikh…
Vice-President Kashim Shettima has declared that Nigeria has exited its phase of economic instability, assuring investors that “the most auspicious and convenient time to choose Nigeria as an investment destination is now.” Shettima stated this on Wednesday while declaring open the 2025 Bauchi State Investment Summit, in a speech delivered through his spokesperson, Stanley Nkwocha….
