Taiwo Oyedele

African and European economic growth forecasts

2 clusters · 6 sources · last updated about 10 hours ago

Latest: Namibia and Nigeria provide updated economic and fiscal outlooks

Economic outlooks for several nations have undergone recent revisions. South Africa’s National Treasury lowered its 2026 economic growth forecast from 1.6% to 1.2%, though this remains higher than the International Monet

Nigeria fuel pricing and economic impact

12 clusters · 80 sources · last updated about 17 hours ago

Latest: Nigeria petrol imports fall 30% amid rising daily demand

Discussions regarding fuel costs in Nigeria have centered on proposed pricing strategies and the resulting economic impact on citizens. Former Cross River State governor Donald Duke, now the presidential candidate for th

Nigeria and Lagos pursue trillion-dollar economic targets

8 clusters · 35 sources · last updated about 21 hours ago

Latest: Nigeria's National Economic Council approves 90-day action plan

Nigeria is advancing strategic frameworks to achieve a $1 trillion economy by 2030. The All Progressives Congress (APC) has identified infrastructure, human capital, and increased production as the primary pillars of thi

Nigeria Rural Electrification and Power Sector Challenges

16 clusters · 39 sources · last updated 1 day ago

Latest: Nigerian electricity DisCos remit N385.44bn in Q2 2026

In late July 2026, Nigeria’s Rural Electrification Agency (REA) deepened its multi‑partner drive to bring power and digital services to underserved areas. Following a renewed AI-analytics partnership with VIDA place GmbH

Global public debt reaches post-war highs and fiscal risks

21 clusters · 145 sources · last updated 2 days ago

Latest: Global debt reaches US$365 trillion as interest costs rise

Global public debt is approaching 100 percent of the world’s gross domestic product, a level comparable to the post-World War II era. The IMF warns that debt levels could surpass 100 percent of global GDP by 2029, driven

NNPC Limited operational and infrastructure developments

6 clusters · 32 sources · last updated 4 days ago

Latest: Nigeria plans to list NNPC and NLNG to boost market value

NNPC Limited reported a 33% increase in profit after tax for the 2025 fiscal year, reaching ₦7.2 trillion, up from ₦5.4 trillion in 2024. This growth occurred despite a revenue decline of approximately 23% to 24%, fallin

Nigerian government pension and benefit disbursements

8 clusters · 28 sources · last updated 4 days ago

Latest: Enugu State approves ₦32 billion to settle retiree gratuity arrears

In September 2026, various levels of the Nigerian government initiated significant fund releases to address retiree benefits and pension obligations. At the state level, Ogun and Nasarawa released substantial funds to ma

Nigeria public debt and World Bank financing trends

3 clusters · 37 sources · last updated 5 days ago

Latest: Nigeria Finance Ministry disputes World Bank debt interest claims

Nigeria’s total public debt stock rose to N166.79 trillion (approximately $120.93 billion) as of June 30, 2026, marking a 4.7% increase from the end of March 2026. The debt portfolio consists of N91.59 trillion in domest

Nigeria infrastructure and investment mobilization

2 clusters · 17 sources · last updated 7 days ago

Latest: Nigeria unveils $78.5bn investment pipeline and rejects subsidy return

Nigerian officials have initiated discussions with the World Bank Group to secure financing guarantees aimed at infrastructure development, particularly within the power sector. During the 2026 IMF and World Bank Group A

IMF guidance and Nigeria's refusal to restore subsidies

3 clusters · 14 sources · last updated 8 days ago

Latest: Nigeria rules out return to fuel subsidies and multiple exchange rates

The International Monetary Fund (IMF) has advised governments to prioritize targeted, temporary income support over broad-based subsidies to protect vulnerable households during cost-of-living crises. According to IMF an

Nigeria energy sector reforms and investment

3 clusters · 22 sources · last updated 9 days ago

Latest: Nigeria faces economic pressure amid energy reforms and fuel price volatility

Nigeria is undergoing regulatory and economic shifts within its energy sector. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has initiated enforcement actions against fuel stations for und

Nigeria agricultural sector modernization and reform

3 clusters · 7 sources · last updated 9 days ago

Latest: Nigeria seeks investment and global market expansion for agriculture

Nigeria is undertaking a multi-faceted modernization of its agricultural sector through legal reform and strategic international alignment. The federal government has entered a second phase of reviewing agricultural law

African regional infrastructure and industrial development

4 clusters · 33 sources · last updated 10 days ago

Latest: African Development Bank strengthens ties with Nigeria and ECOWAS

Developmental financial institutions continue to fund diverse infrastructure, energy, and industrial projects across Africa. In North and West Africa, the African Development Bank (AfDB) has supported digital and utilit

Nigeria fiscal and tax reform initiatives

3 clusters · 22 sources · last updated 11 days ago

Latest: Nigeria seeks $78.5bn for 65 infrastructure and development projects

Nigeria has initiated efforts to reform its fiscal and tax systems. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, inaugurated a Technical Subcommittee on Fiscal Policy and Tax Reforms t

Nigeria fiscal reform and human capital development

2 clusters · 7 sources · last updated 11 days ago

Latest: Nigeria Federal Government urges states to align budgets with development plans

The World Bank has advised Nigerian state governments to prioritize human capital development, such as education, healthcare, and water services, following a significant surge in fiscal revenues between 2023 and 2025. Wh

Monetary policy and lending rate shifts in Nigeria

8 clusters · 46 sources · last updated 11 days ago

Latest: Central Bank of Nigeria faces scrutiny over monetary policy and lending rates

In Nigeria, banking lending rates have begun to decline following a reduction in the Monetary Policy Rate (MPR). In August 2026, the average maximum lending rate dropped to 29.19 percent from 33.16 percent in July, follo

Nigeria fiscal pressure and debt servicing challenges

2 clusters · 25 sources · last updated 12 days ago

Latest: Nigeria faces fiscal pressure as debt interest exceeds revenue

Nigerian economic officials, including the Minister of Finance and the Minister of Industry, Trade and Investment, traveled to Bangkok for the 2026 World Bank/International Monetary Fund Annual Meetings. The delegation a

Nigeria petrol subsidy removal and economic impact

3 clusters · 30 sources · last updated 13 days ago

Latest: Nigeria Presidency rejects Atiku Abubakar's fuel subsidy proposal

Following President Bola Tinubu’s removal of the petrol subsidy on May 29, 2023, Nigeria has faced ongoing debate regarding the resulting economic pressures and the effectiveness of fiscal reforms. Global context shows t

Nigeria customs digital reforms and revenue milestones

22 clusters · 58 sources · last updated 14 days ago

Latest: Nigeria Customs intercepts ₦3.67bn in illicit drugs at Tin Can Island Port

Nigeria’s digital customs reforms continue to drive revenue and operational modernization. The deployment of the indigenous ‘B’Odogwu Unified Customs Management System’, alongside geospatial technology and expanded post-

Nigeria oil output up, refinery expansion and import shifts

38 clusters · 151 sources · last updated 14 days ago

Latest: Nigeria lacks sufficient crude to supply Dangote Refinery

Oil output continued to rise through 2026, with OPEC data showing 1.38 mbpd in March and reaching approximately 1.70 mbpd by May-June, exceeding the 1.5 mbpd OPEC quota. Production gains were supported by improved pipeli

Nigeria budget implementation and reform

2 clusters · 15 sources · last updated 15 days ago

Latest: Nigeria to overhaul budgeting process and consolidate fiscal years

The Nigerian National Assembly approved an extension for the implementation of the 2025 capital budget, moving the deadline from September 30, 2026, to December 31, 2026. This fourth extension was intended to prevent the

Atiku Abubakar's economic proposals and fuel subsidy stance

3 clusters · 20 sources · last updated 16 days ago

Latest: Nigeria government warns of economic risks if fuel subsidy is restored

Former Vice-President Atiku Abubakar has expanded his critique of the Nigerian federal government, focusing on agricultural trade and fuel policy. Abubakar, the African Democratic Congress (ADC) presidential candidate,

Nigeria economic stability, FX inflows, and cost of living

25 clusters · 62 sources · last updated 19 days ago

Latest: Nigeria economic reforms spark hardship amid subsidy removal

By late September 2026, Nigeria’s macroeconomic landscape continued to show signs of stabilization following structural reforms, including fuel subsidy removal and foreign exchange liberalization. While real GDP growth r

Nigeria digital data and cloud localization efforts

14 clusters · 35 sources · last updated 20 days ago

Latest: Central Bank of Nigeria data localization mandate pressures fintechs

Nigeria is advancing efforts to localize cloud infrastructure and digital data to bolster economic sovereignty. On August 5, 2026, the National Sovereign Cloud Initiative was formalized through regulatory instruments sig

Nigeria monetary and tax policy adjustments

3 clusters · 17 sources · last updated 20 days ago

Latest: Central Bank of Nigeria cuts interest rate to 23%

Nigeria is implementing significant adjustments to its monetary and fiscal frameworks. On September 25, 2026, the Federal Government announced a new framework for interest on late tax payments under the Nigeria Tax Admin

Nigeria agricultural financing and export challenges

5 clusters · 14 sources · last updated 21 days ago

Latest: Bank of Agriculture and AFAN to finance 400,000 Nigerian farmers

Stakeholders in Nigeria’s agricultural sector continue to address the gap between high production levels and low export earnings. While agriculture contributes over 22 percent to the national GDP, it represents only 4.1

Nigeria fiscal reforms drive revenue surge and subsidy debt

37 clusters · 87 sources · last updated 28 days ago

Latest: Nigeria: Officials defend petrol subsidy removal as vital against fraud

Fiscal reforms continue to drive Nigeria’s revenue growth. In the first half of 2026, the Nigeria Revenue Service (NRS) recorded N21.6 trillion in revenue, a 49% increase year-on-year. By July 2026, tax revenues had rise