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•Says high borrowing costs choking developing economies •Urges Central Banks to balance monetary policy •Says Developing countries pay more in debt than they receive By Babajide Komolafe, Economy Editor Minister of Finance and Coordinating Minister of the Economy, Mr. Olawale Edun has warned against a return to subsidy regimes despite mounting global shocks, as he raised […]
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•Cites, higher fuel, fertiliser prices, increased shipping costs By Babajide Komolafe, Economy Editor The International Monetary Fund (IMF) has lowered its growth forecast for Nigeria’s economic growth to 4.1 percent in 2026, citing higher fuel, fertilizer prices and increased shipping costs triggered by the impact of the ongoing Middle East crisis. The latest forecast for Nigeria […]
The post MIDDLE EAST CRISIS: IMF cuts growth forecast for Nigeria’s economy to 4.1% appeared first on Vanguard News.
By Mather Godwin The Federal Government incurred a subsidy obligation of N418.79 billion in the fourth quarter of 2025, Q4’25 according to data from the Nigerian Electricity Regulatory Commission, NERC). The electricity market regulator in its Q4’25 Quarterly report, noted that total amount invoiced by the GenCos for energy delivered to each DisCo and the Differential […]
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