Economy
FG recorded N6.9trn revenue in Q1 2025, says Wale Edun
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The Federal Government has disclosed that its well-laid economic foundation to foster rapid, sustained, and inclusive growth has ramped up its revenue generation to about ₦6.9 trillion by the end of April 2025.
The figure represents a 40 per cent increase in revenue to government coffers for the period under review, compared to ₦5.2 trillion generated in the same period last year.
This was disclosed on Monday by Mr Wale Edun, Minister of Finance and Coordinating Minister of the Economy, at the Citizens and Stakeholders’ Engagement session in Abuja.
“In the first quarter of this year, when we even take April into account—the first four months—we do have a substantial increase in revenue, and that effort continues. There is a commitment to diligently go after all that should be brought in. So, by the end of April, about ₦6.9 trillion was generated, and as I’ve said, rising,” Edun said.
He pointed out that the feat was achieved through the use of technology and the blocking of leakages, and added, “On the fiscal side as well, with the effort to apply technology, block loopholes, stem leakages, we have had in 2024 a huge increase in revenue from just above 12 per cent, ₦12.5 trillion to ₦20 trillion, virtually ₦21 trillion.”
Edun highlighted that debt service to revenue stood at 60 per cent by the end of 2024, far below the 150 per cent that it was in the first quarter (Q1) of 2023 before President Tinubu assumed office, noting that it will keep going down as revenue continues to increase.
He noted that the third phase of the government’s economic plan is to increase investment in production to reduce the multidimensional poverty bedevilling the country, stressing that several macroeconomic indices are on the right trajectory.
The Minister of Finance highlighted that Shell Oil Company has indicated interest to invest $5.5 billion in oil production in the country, despite concerns in some quarters that the company was divesting from Nigeria.
In his presentation, the Managing Director and CEO of MOFI (Ministry of Finance Incorporated), Dr Armstrong Ume Takang, who was represented by Alhaji Tajudeen Ahmed, said 20 portfolio companies’ assets under management captured in the asset register are valued at ₦38 trillion.
Dr Takang was optimistic that MOFI would meet the ₦100 trillion target President Tinubu has set for the organisation over the next 10 years.
Dollar To Naira Exchange Rate Today 27 January 2023(Black Market)
The Black Market Dollar-to-Naira Exchange Rate for 28th May 2026 Can Be Accessed Below.
NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.
The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.
Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 28th May 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1393 and buy at ₦1385 on Thursday, 28th May, 2026, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1393
Buying Rate ₦1385
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1376
Lowest Rate ₦1374
The Black Market Dollar-to-Naira Exchange Rate for 26th May 2026 Can Be Accessed Below.
IMPORTANT NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.
The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.
Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 26th May 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦11395 and buy at ₦1385 on Tuesday, 26th May, 2026, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1395
Buying Rate ₦1385
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1377
Lowest Rate ₦1373
Nigeria’s Gross Domestic Product, GDP, grew by 3.89 percent in real terms in the first quarter of 2026, as the non-oil sector accounted for 96.08 percent.
The National Bureau of Statistics, NBS, disclosed this in its GDP report for Q1 2026 released on Monday.
The Q1 GDP figure is higher than the 3.13 percent recorded in the similar period in 2025.
Details of the report showed that nominal GDP stood at N110.79 trillion, while in real terms it is N51.26 trillion as of Q1 2026.
NBS further said that the services sector contributed more to the aggregate GDP at 57.73 percent in the period under review.
However, when compared to the fourth quarter of 2025, the country’s GDP slowed by 0.10 percent.
“Gross Domestic Product grew by 3.89 percent (YoY) in real terms in Q1 2026, higher than the 3.13 percent recorded in Q1 2025.
“In terms of share of the GDP, the services sector contributed more to the aggregate GDP in Q1 2026 at 57.73%,” NBS stated.
The report showed that the oil sector contributed 3.92 percent while the non-oil sector accounted for 96.08 percent.
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