Nigeria Economy

Nigeria’s promissory notes debt obligations fall by 15.6% as of March 2025 

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Nigeria’s promissory notes debt obligations fall by 15.6% as of March 2025 

Nigeria’s Promissory Notes Debt Falls 15.6% by March 2025 Amid Fiscal Reforms In a significant development for Nigeria’s fiscal landscape, the country’s promissory notes debt obligations decreased by 15.6% to N1.49 trillion as of March 31, 2025, down from N1.77 trillion in September 2024, according to data from the Debt Management Office (DMO). This reduction, … Read more

Fuel price may hit N1000/litre as Middle East tensions escalate 

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Fuel price may hit N1000/litre as Middle East tensions escalate 

Nigeria Faces Gasoline Worth Surge to N1,000/Litre Amid Center East Tensions Escalating tensions within the Center East, pushed by Israel’s June 2025 airstrikes on Iranian nuclear amenities, are poised to push Nigeria’s petrol costs to N1,000 per litre, analysts warn. Brent crude surged 10% to $78 per barrel, settling at $74.23 after a 7.6% achieve, … Read more