A Gustav Klimt painting sold for a record-breaking $236.4 million at Sotheby’s first auction in its new Breuer Building, making it the most expensive modern artwork ever auctioned.
Nigeria’s economic reforms have earned the country a rare “positive” outlook upgrade from S&P, signalling renewed investor confidence.
Taiwo Oyedele says the proposed 5% fuel surcharge will not begin until the naira strengthens or oil prices fall, to avoid worsening Nigerians’ financial hardship.
Quartus Economics has advised the Central Bank of Nigeria to issue higher-value naira notes to restore currency portability, reduce cash-handling costs, and reflect current economic realities.
Peter Obi says Nigeria’s exclusion from the IMF’s list of Africa’s fastest-growing economies reflects indiscipline, corruption, and poor leadership.
Cooking gas prices have dropped significantly across Nigeria as supply improves, with retailers expressing optimism that the market will stabilise within a week.
IMF lists Benin Republic, Côte d’Ivoire, Ethiopia, Rwanda, and Uganda among the continent’s fastest-growing economies, citing fiscal reforms and strong policy frameworks.
The International Monetary Fund has said that the recent depreciation of the Naira could help Nigeria’s economy adjust and strengthen its fiscal framework.
The IMF has upgraded Nigeria’s 2025 growth forecast to 3.9% while pledging tougher measures to trace illicit financial flows draining the nation’s revenue.
The Presidency says the IMF’s upgraded growth forecast for Nigeria proves President Tinubu’s reforms are working, citing gains in fiscal management, trade, and investment confidence.