NRC boss lists four economic distortions inherited by Tinubu govt
The Chairman of the Nigeria Revenue Service, Zacch Adedeji, has listed four major economic distortions inherited by the President Bola Tinubu-led administration.…
Economy
Egypt’s inflation rises to 14.9%, ends cooling streak
Egypt’s annual urban inflation rate rose to 14.9 per cent in July 2026, ending a three-month cooling streak as food prices accelerated…
Firms, households expect inflation pressures to ease further — CBN
Nigerian firms and households expect inflation-related spending to ease over the next six months, even as energy costs remain the biggest driver…
W’Africa needs $100bn annually to meet developmental goals — AfDB
West Africa needs between $90 billion and $100 billion annually to meet its development goals, yet the region continues to struggle with…
Financial repression hits decades-high levels globally, IMF warns
Financial repression has risen to its highest levels in decades as governments with elevated debt increasingly face constraints in using conventional fiscal…
Nigeria’s external reserves hit $52.02bn, highest since 2009
Nigeria’s external reserves rose to $52.02 billion on July 20, 2026, reaching their highest level since January 2009 and surpassing the Central…
South Africa’s inflation rises to 5% in June
South Africa’s annual consumer inflation rose to 5.0 per cent in June 2026 from 4.5 per cent in May, strengthening expectations that…
FG considers new framework to measure economic success — Oyedele
The Minister of Finance, Taiwo Oyedele, has said that the Federal Government will adopt a new framework for assessing Nigeria’s economic performance.…
Plateau gov pledges protection, business-friendly environment for Igbo community
Plateau State Governor, Caleb Mutfwang, has pledged to sustain a peaceful and business-friendly environment across the state. He assured the Igbo community…
79% of Nigerians still poor despite reforms — World Bank
Despite nearly three years of sweeping economic reforms by the Federal Government, about 79 per cent of Nigerians remain poor or vulnerable…
Standard Chartered raises Nigeria’s inflation forecast to 15.5%
Standard Chartered Plc. expects the Central Bank of Nigeria to reduce interest rates by only 150 basis points in 2026. The bank…
Rising prices of essential goods will deepen poverty in Nigeria — IMF
The International Monetary Fund has warned that rising prices of essential goods will deepen poverty and food insecurity in Nigeria despite improved…