Business

*Urges prudent use of oil windfall to rebuild buffers By Babajide Komolafe, Economy Editor The International Monetary Fund, IMF, has indicated plans to provide up to $50 billion in financial support to Nigeria and other countries affected by the biting impact of the ongoing Middle East crisis. Managing Director of the IMF, Kristalina Georgieva, disclosed this […]

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•As CPPE cautions against monetary policy tightening By Yinka Kolawole & Elizabeth Adegbesan The National Bureau of Statistics, NBS, yesterday, said the country’s headline inflation rate recorded the first increase in 12 months to 15.38 percent in March 2026 from 15.06 percent in February 2026. This indicates a halt in the downward trend recorded in the past […]

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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 […]

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