The International Monetary Fund has raised Nigeria’s economic growth forecast for 2026 to 4.4%, up from its earlier projection of 4.2%. The revised outlook was published in the IMF’s January 2026 update of the World Economic Outlook and unveiled on Monday at the report’s official launch. The adjustment reflects the Fund’s growing optimism about Nigeria’s…
FirstBank, West Africa’s premier financial institution and financial inclusion service provider is pleased to announce the Nigeria Economic Outlook 2026 scheduled to hold on Tuesday, 6 January 2025. The theme of the session is “The Great Calibration: Mastering Resilience in an Era of Asynchronous Growth” Nigeria Economic Outlook is an annual customer-facing session which sets…
*As nominations portal closes for WES 2025 Awards For Outstanding Economic Impacts All is set for the annual WorldStage Economic Summit 2025 on Friday November 21, 2025 at The Event Centre, Nigerian Exchange Limited, 2/4 Customs Street, Lagos by 10AM, with top experts from the public, private and academia set to address the theme: Tackling…
Social Democratic Party (SDP) presidential candidate in the 2023 elections, Adebayo Adewole, has described President Bola Tinubu as a “well-known tax collector.” Adebayo made the comment on Tuesday during an interview on Politics Today, a Channels Television programme. His words: “Everybody knows that President Bola Ahmed Tinubu is a well-known tax collector. “But that tax…
Nigeria has successfully collected over N600 billion in Value Added Tax (VAT) from international digital service providers, including Facebook, Amazon, and Netflix, following amendments to the VAT Act that brought non-resident companies into the country’s tax net. The Special Adviser on Tax Policy to the Chairman of the Tax Reforms Committee, Mr Mathew Osanekwu, disclosed…
The Special Adviser to the President on Economic Affairs, Tope Fasua, has faulted the recent International Monetary Fund (IMF) article that raised concerns over the country’s economic trajectory, saying the tone and timing of the message was faulty. He descried it as both discouraging and destabilising. Speaking on Channels Television’s “The Morning Brief on Tuesday,”…
Senator Jimoh Ibrahim has challenged International Monetary Fund (IMF) and World Bank figures, insisting Nigeria’s GDP and per capita income are underestimated. Senato Ibrahim, who represents Ondo South has challenged the IMF and the World Bank to present evidence contradicting the claim that Nigeria is the 42nd largest economy in the world. Ibrahim spoke in…
Pastor Adeboye The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, will lead a national prayer session in July aimed at seeking divine intervention for the restoration of Nigeria’s struggling economy. The prayer session will take place during the church’s monthly thanksgiving service, themed “Divine Intervention,” at RCCG’s national headquarters…
Bayo Onanuga The Presidency has faulted recent comments by the President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, suggesting that Nigerians were economically better off at independence in 1960 than they are today. Reacting to the claim in a statement posted Sunday night via X (formerly Twitter), Presidential spokesman, Bayo Onanuga, said Adesina’s…
Dr. Adesina The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has warned that Nigeria is facing a deeper economic regression than many realise, stating that with a current GDP per capita of just $824, Nigerians are significantly worse off than they were at independence in 1960. Adesina made these remarks in a…
