Nigeria’s External Debt Rises to $145bn in 2025, World Bank Report Shows
Nigeria’s external debt rose to $145.015 billion in 2025, representing a 6.6 per cent increase from the previous year, according to the World Bank’s International Debt Report 2026. The latest figures indicate that Nigeria’s external debt has increased…
IMF Urges Nigeria, Other Countries to Replace Fuel Subsidies With Targeted Support
The International Monetary Fund (IMF) has urged Nigeria and other countries to replace blanket fuel subsidies with targeted financial assistance for vulnerable households, warning that keeping fuel prices artificially low is costly, regressive and…
Oyedele Rules Out Return to Fuel Subsidy, Multiple Exchange Rates Ahead of 2027 Elections
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has ruled out a return to fuel subsidies and multiple foreign exchange rates, insisting that the Federal Government will maintain its current economic reform policies…
