LAGOS: Nigeria's economy grew at the fastest rate in a decade last year, the World Bank said Monday, thanks to the reforms introduced by the government, but it warned inflation remains high.

The World Bank has said that Nigeria must accelerate its economic growth and focus on more productive sectors to meet the government’s target of achieving a $1 trillion economy by 2030 and ...

Mrs Nwosu said Abia State SME Microfinance Bank was not functioning until the present administration in the State dissolved the Board and appointed Management of the Bank headed by Mazi ...

Nevertheless, poverty remains high and inflation is expected to remain over 20% through the year. The report comes amid a raft of reforms by President Bola Tinubu's government. Nigeria's gross ...

ABUJA (Reuters) -Nigeria's economy recorded its fastest growth in about a decade in 2024, driven by a strong fourth quarter and an improved fiscal position, the World Bank said on Monday ...

Accion Microfinance Bank has successfully achieved Payment Card Industry Data Security Standard certification under the latest version 4.0.1. In a statement made available to our correspondent on ...

A review of the Central Bank of Nigeria's financial statement for the year ended December 2024 has shown that the personnel cost incurred by the apex bank grew by N313billion. This growth occurred ...

The World Bank has projected that Nigeria’s economy will grow by 3.6 per cent in 2025, building on an estimated expansion of 3.4 per cent in 2024, as key macroeconomic reforms begin to stabilise ...

The World Bank on Thursday projected that poverty in Nigeria will increase by 3.6 percentage points over the next five years, rising through 2027. This was contained in the Bank’s Africa’s ...

Building on its long-standing presence in sub-Saharan Africa, First Bank of Nigeria is gearing up for its next growth phase as financial systems across the continent open up to new opportunities. More ...