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Nigeria

NADF, OSPRE Partner to Provide Early Warning Information for Farmers, Policymakers

The National Agricultural Development Fund (NADF) and the Office for Strategic Preparedness and Resilience (OSPRE) have signed a Memorandum of Understanding to strengthen agricultural resilience and improve food security across Nigeria. OSPRE serves as Nigeria’s National Centre for the Coordination of Early Warning and Response Mechanisms. The partnership aims to develop a framework for a multi-hazard Agricultural Early Warning and Response System designed to support timely intervention in addressing threats to agricultural productivity and food systems. Under the arrangement, both institutions will work towards deploying an Agricultural Early Warning System that integrates geospatial intelligence, data aggregation, and predictive analysis across Nigeria’s agro-ecological zones. The initiative is expected to support farmers, policymakers, financial institutions, and other stakeholders with timely information for planning and response. The goal is to create a multi-hazard early warning mechanism that addresses threats to agricultural productivity and […]

Abdulmumini Auwal SA May 28, 2026

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Nigeria

S&P upgrades Nigeria’s credit rating to ‘B’, cites economic reforms, FX gains

S&P Global Ratings has upgraded Nigeria’s long-term foreign and local currency sovereign credit ratings to ‘B’ from ‘B-’, in what marks the country’s first ratings upgrade by the agency in about 14 years. The outlook on the ratings is stable, while the short-term sovereign ratings were affirmed at ‘B’. In its latest review, S&P said Nigeria’s creditworthiness has improved on the back of President Bola Tinubu’s sustained economic reforms, including FX market liberalisation, subsidy removal and efforts to boost non-oil revenues. The agency noted that the unification and flexibilisation of the exchange rate have bolstered access to foreign currency and supported a more market-driven FX environment. S&P also cited recovering oil production, higher fiscal revenues and rising external reserves as key factors behind the upgrade. It pointed to improved external buffers helped by better FX liquidity, inflows from multilateral lenders […]

Abdulmumini Auwal SA May 16, 2026

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Nigeria

Report shows Nigeria’s economy rebounding strongly

Nigeria’s economy is on a clear recovery path after years of stagnation, with a new report by Quartus Economics indicating that key indicators have recorded their strongest improvement in more than a decade. The study, obtained by The Nation, concludes that “Nigeria is rising” and that the economy is back on track, even though growth still needs to be faster and more broad based. According to the report, Nigeria’s Gross Domestic Product grew by a cumulative 8.34 percent between 2024 and 2025, the highest two year expansion in over ten years. This pace also outperformed population growth, which was estimated at less than 4.4 percent over the same period, reversing earlier years when the population was growing faster than the economy. Between 2020 and 2023, GDP growth averaged just 0.97 percent, while the population increased by about 8.78 percent, leading […]

Abdulmumini Auwal SA May 4, 2026

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Nigeria

Report shows Nigeria’s economy rebounding strongly

Nigeria’s economy is on a clear recovery path after years of stagnation, with a new report by Quartus Economics indicating that key indicators have recorded their strongest improvement in more than a decade. The study, obtained by The Nation, concludes that “Nigeria is rising” and that the economy is back on track, even though growth still needs to be faster and more broad based. According to the report, Nigeria’s Gross Domestic Product grew by a cumulative 8.34 percent between 2024 and 2025, the highest two year expansion in over ten years. This pace also outperformed population growth, which was estimated at less than 4.4 percent over the same period, reversing earlier years when the population was growing faster than the economy. Between 2020 and 2023, GDP growth averaged just 0.97 percent, while the population increased by about 8.78 percent, leading […]

Abdulmumini Auwal SA May 4, 2026

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Nigeria

Edun: Economy stable despite Sokoto airstrikes, markets show strong gains

Finance Minister Wale Edun says Nigeria’s economy remains stable despite the recent joint Nigeria US airstrikes on terrorist camps in Sokoto State. He stressed that such security operations strengthen investor confidence rather than undermine it.​ Edun explained that the precise, intelligence led strikes targeted threats to national safety and economic activity, distinguishing them from actions that could destabilise markets. He noted that security and economic stability are interconnected, with every effort to protect citizens being inherently pro growth and pro investment.​ Under President Bola Tinubu’s leadership, Nigeria recorded 3.98% GDP growth in Q3 2025 after 4.23% in Q2, with stronger Q4 performance expected. Inflation has fallen below 15% for the seventh straight month due to effective fiscal and monetary policies.​ Nigeria’s financial markets are operating smoothly with credit upgrades from Moody’s, Fitch and S&P validating reform efforts. The stock market […]

Abdulmumini Auwal SA December 29, 2025

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Greater Accra

Mahama Government’s Net Borrowing Stands at GH₵7.1bn – Finance Minister

Finance Minister Dr. Cassiel Ato Forson has revealed that the Mahama administration has received GH₵89.7 billion in Treasury Bill bids since assuming office on January 10, 2025. Of this amount, GH₵59.5 billion was accepted—mostly to roll over inherited debt—while GH₵30.2 billion worth of bids were rejected.Dr. Forson clarified that the government’s net borrowing stands at GH₵7.1 billion, mainly as a buffer for servicing debts from the previous administration of Nana Akufo-Addo and Dr. Bawumia. He emphasized that “actual debt accumulation under the Mahama government is virtually zero.”The Finance Minister highlighted a significant decline in the 91-day Treasury Bill rate, which dropped from 28.34% to 20.79% within 50 days, attributing it to improved investor confidence under the current leadership.

Edem 4Style March 2, 2025

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