Nigeria’s fiscal reporting remains fragmented despite platforms like FAAC, Open Treasury, and GIFMIS. In 2023, over ₦10 trillion was disbursed, yet no consolidated account shows how funds were spent. Rising subnational debt and weak budget transparency deepen the challenge. While reforms such as the 2025 tax consolidation bill and Electronic Fiscal System signal progress, stronger coordination is needed to improve fiscal accountability in Nigeria.

In August 2021, the IMF issued $650 billion in Special Drawing Rights (SDRs) to support global recovery from COVID-19. But the allocation...

Nigeria has become a global hotspot for cryptocurrency adoption, and it’s not just about tech enthusiasm; it’s a financial necessity. With inflation soaring above 20% and the Naira constantly depreciating, many Nigerians see crypto as a more stable alternative for savings and investments.

The G2P card, a digital payment system designed to streamline government-to-person transfers, offers a potential solution. If implemented correctly, it could address longstanding issues of fraud, misallocation, and financial exclusion giving farmers direct access to the support they need to thrive.

Nigeria’s over-reliance on oil for over 60 years has left its economy vulnerable to global price fluctuations. This dependence has caused...

Imagine a bustling Lagos street, full of life and ambition, yet shrouded in smog from countless generators. Across the Niger Delta,...

A rural health clinic in Nigeria stretched thin with limited supplies and overworked staff paints a stark picture of the challenges local...

The global trade landscape is at a critical juncture. Multilateral trade systems like the World Trade Organization (WTO) play a crucial...

Access to affordable financial services is critical in advancing economic growth and reducing inequality. Globally, approximately 1.4...

In recent years, Nigeria has undergone significant economic reforms, notably the removal of fuel subsidies and the liberalization of the...

As the world gears up for the upcoming COP29 in November in Azerbaijan, the urgency of addressing climate change in the Sub-Saharan...

The 21st century's technological revolution is significantly  transforming international trade and payment systems, reshaping the...

Nigeria, the largest economy in Africa, has a significant working population that contributes to the country's diverse economic...

The Payments System Vision 2020 (XX-1234) initiatives and the Financial System Stability Vision 2020 (YY-5678) have greatly expanded...

According to a recent UNCTAD assessment, achieving the Sustainable Development Goals (SDGs) by 2030 is a significant challenge,...

Introduction In the first quarter of 2023, the NDIC paid ₦377.94 million to 25 insured depositors and ₦205.62 million to uninsured...

In 2023, Africa experienced significant events that reshaped its economic and social structure. Nigeria, Angola, and Ghana removed...

In the last decade, sustainability has evolved from a buzzword to a transformative force reshaping the landscape of global supply chains....

In the dynamic landscape of the Nigerian business environment, where uncertainties and disruptions have become the norm, the role of...

Nigeria, blessed with abundant natural gas reserves, has a significant opportunity to leverage this resource for its energy needs and...