FG reveals ₦15.8tn gains from subsidy, FX reforms
The administration of President Bola Ahmed Tinubu has released a comprehensive “Reform Scorecard,” detailing the economic trajectory of Nigeria three years into…
Economy
Tinubu’s reforms pushed FAAC to ₦2trn monthly, from ₦300bn — Oyedele
Minister of Finance and Coordinating Minister of the Economy, Prof. Taiwo Oyedele, says the Federal Government’s economic reforms have pushed the monthly…
Presidency defends Nigeria’s fiscal record after US report, cites reforms
The Presidency has responded to a United States assessment that Nigeria failed to meet minimum fiscal transparency requirements, saying the findings should…
UK economy slowed in Q2 amid political unrest — Report
Britain’s economy slowed in the second quarter, the national statistics office reported Thursday, saying that output remained “robust” despite domestic political unrest…
South Africa’s unemployment rate hits four-year high of 33.6%
South Africa’s unemployment rate has climbed to its highest level in four years, with the number of unemployed people rising to 8.5…
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.…
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…