Tag: Fiscal Deficit

FG to restart cash transfers to poor Nigerians
Economy featured

Nigeria’s Q2 2025 fiscal deficit hits ₦2.66trn

Nigeria recorded a fiscal deficit of ₦2.66 trillion in the second quarter of 2025, remaining within the ECOWAS convergence limit of three percent of Gross Domestic Product, according to the Budget Office of the Federation. This disclosure is contained in the 2025 Second Quarter Budget Implementation Report released by the Budget Office of the Federation, […]

Logo and the photo of the Central Bank of Nigeria's building
Business featured

Nigeria’s fiscal deficit hits N7.34trn in 2022

The Central Bank of Nigeria in its figure recorded a fiscal deficit of N7.34 trillion between January 2022 and November 2022. The Punch reported that the CBN disclosed this in the statement presented by a Monetary Policy Committee member, Mike Obadan, at the last MPC meeting in January. Meanwhile, fiscal deficit occurs when government revenue […]