"We can report that Nigeria has, indeed, exited from that debt, meaning we have paid it in full," the minister said.

Nevertheless, poverty remains high and inflation is expected to remain over 20% through the year. The report comes amid a raft of reforms by President Bola Tinubu's government.

Nigeria recently announced the full repayment of the $3.4 billion emergency loan obtained in 2020 from the International Monetary Fund ...

Nigeria’s dalliance with multiparty democracy predates the country’s Independence on October 1, 1960. The aftermath of the ...

Mohammed Idris, the Minister of Information and National Orientation, has confirmed that Nigeria has fully repaid the 3.4 billion ...

The Nigerian government has repaid major debts including a $1.5bn Eurobond and N30tr CBN loan, marking 2024 as its strongest ...

American lawmakers have introduced a draft bill that would add a 5 per cent tax on money sent to other countries, potentially ...

The President of the African Development Bank, Dr Akinwunmi Adesina, recently compared Nigeria’s promising $1,857 gross ...

Nigeria achieved a Balance of Payments surplus of $6.83billion in 2024. This represents a significant turnaround from deficits of $3.34billion in 2023 and $3.32billion in 2022, reflecting stronger ...

The Debt Management Office (DMO) has launched a new N300 billion Sovereign Sukuk bond, promising to sustain its effort to ...

At present, the best-performing sectors of the economy, like finance and ICT, while important as drivers of growth, are not ...

Trade unions and civil society organisations from Nigeria, Kenya, and Uganda have called on their governments to immediately suspend ongoing and planned ...