IMF Projects Sub-Saharan Africa Fiscal Deficit At 3.2% In 2026
Sub-Saharan Africa’s fiscal position is expected to weaken in 2026, even as improved commodity prices offer some relief to external balances across parts of the region
FX Reserves Fall To $48.6bn, Down $1.38bn In 5 Weeks
Nigeria’s foreign exchange reserves have declined to $48.6 billion as of April 16, 2026, marking a cumulative drop of about $1.38 billion over a five-week period.
Electricity Customers In Band A, B, To Suffer As FG Plans Power Subsidy Removal
Electricity consumers across Nigeria, especially those classified under Band A and Band B, are about to feel the full impact of what they consume.
FG Borrows N100bn From “Unclaimed Funds Trust Account” In 2025
Nigeria’s domestic debt profile has revealed that the Federal Government raised N100 billion through the Unclaimed Funds Trust Fund.
Sugar Production: FG Tasks Flour Mills On 300,000MT Target
Minister of State for Industry, Senator John Owan Enoh, has tasked the management of Flour Mills of Nigeria PLC on the need to expand the annual production capacity of its subsidiary, the Golden Sugar Company ,GSC, to 300,000 metric tonnes by the year 2030.