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October 18, 2026 - 9:52 PM

Business

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IMF Raises Nigeria’s Growth Forecast To 4.2%, Calls For Relief For Suffering Citizens

The International Monetary Fund (IMF) has upgraded Nigeria’s 2026 economic growth forecast to 4.2% on Tuesday while calling on the Federal Government to provide...

Nigeria’s Foreign Reserves Hit $58.81bn, Highest Level Since 2008

Nigeria’s foreign exchange reserves have grown to a record high of $58.81 billion, as of October 12, marking the highest level in nearly 18...

States, FCT Collect N2.64 Trillion In PAYE Taxes As Revenue Rises 40%

Nigeria’s 36 states and the Federal Capital Territory (FCT) collected N2.64 trillion in Pay As You Earn (PAYE) taxes in 2025, representing a 40.4%...

Nigeria’s Inflation Drops To 14.63% In September As Slowdown Extends To Four Months

Nigeria’s headline inflation rate fell to 14.63 percent in September 2026 as food prices dropped for the fourth consecutive month, National Bureau of Statistics...

World Bank Targets $5.79bn Investment, 850,000 Jobs in Nigeria

The World Bank Group is pursuing efforts to attract up to $5.79 billion in private-sector financing for Nigeria, with investments expected to boost infrastructure...

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