Weak Revenue Drives Nigeria’s Fiscal Deficit Up By N1.1trn

LAGOS – Nigeria’s fiscal challenges deepened in January 2025 as a steep drop in retained revenue pushed the Federal Govern­ment’s budget deficit to -N1.1 trillion, ac­cording to the Central Bank of Nigeria’s (CBN) latest monthly economic report. The data, sourced from the Office of the Accountant-General of the Federa­tion, is provisional but offers a troubling [...]

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