IMF Urges Nigeria to Tighten Regulation of Stablecoins and Cryptocurrency Activities
The International Monetary Fund (IMF) has advised Nigeria to strengthen its oversight of stablecoins and other cryptocurrency-related activities to prevent ...
Tag: economy
Nigeria’s Petrol Import Bill Crashes by 97.5% as Local Refining Takes Center Stage
Nigeria recorded a dramatic decline in petrol import spending during the first quarter of 2026, signaling a major shift in ...
IMF Projects Nigeria’s External Debt to Rise by $20.7 Billion Before 2027 Election
Nigeria’s public external debt is expected to increase significantly over the next two years, with the International Monetary Fund (IMF) ...
Nigeria Posts Record N7.55 Trillion Trade Surplus as Exports Rise and Imports Fall
Nigeria recorded a strong trade performance in the first quarter of 2026, posting a merchandise trade surplus of N7.55 trillion. ...
Nigeria’s Petrol Import Bill Crashes by 96% as Local Refineries Transform Fuel Supply
Nigeria’s spending on petrol imports dropped dramatically in the first quarter of 2026, highlighting a major shift in the country’s ...
Nigerian Banks Continue to Favour Oil and Gas Lending Despite Manufacturing Slowdown
Nigeria’s banking sector continued to channel a significant portion of its loans to the oil and gas industry in 2025, ...
Nigerian Banks Keep Oil and Gas as Top Lending Sector Despite Manufacturing Decline
Nigeria’s banking sector continued to channel the largest share of its loans to the oil and gas industry in 2025, ...
Nigeria’s Trade Sector Attracts $65.8 Million in Foreign Investment as Investor Confidence Grows
Nigeria’s trade sector recorded a significant increase in foreign investment during the first quarter of 2026, attracting $65.79 million in capital inflows. ...
Nigeria’s External Reserves Cross $50 Billion as Naira Holds Steady Despite Slight Dip
Nigeria’s foreign exchange reserves recorded a significant increase in the first week of June, surpassing the $50 billion mark and ...
Oil and Gas Investments Rise Sharply but Remain Insignificant in Nigeria’s Capital Inflows
Nigeria’s oil and gas industry recorded a remarkable increase in foreign capital inflows during the first quarter of 2026, but ...
