TopSeed

Economic influencer

[Bafana Bafana @BafanaBafana]

Bafana Bafana enter the history books as they progress to the next round of the FIFA World Cup for the first time ever thanks to a Thapelo Maseko goal in the 2nd half

#BafanaPride #BafanaBafana #FIFAWorldCup

[eNCA @eNCA]

South African fans are celebrating after Bafana Bafana made history by reaching the FIFA World Cup knockout stages for the first time. Bafana Bafana beat South Korea 1-0 on Wednesday, completing a remarkable turnaround after a disappointing opening-match defeat. Tune in to #eNCA, channel #DStv403 for all the reaction and analysis.

[Taiwo Oyedele @taiwoyedele]

PRESS RELEASE

𝐓𝐇𝐄 𝐅𝐄𝐃𝐄𝐑𝐀𝐋 𝐆𝐎𝐕𝐄𝐑𝐍𝐌𝐄𝐍𝐓 𝐍𝐎𝐓𝐄𝐒 𝐈𝐌𝐅 𝐀𝐒𝐒𝐄𝐒𝐒𝐌𝐄𝐍𝐓 𝐎𝐅 𝐍𝐈𝐆𝐄𝐑𝐈𝐀'𝐒 𝐄𝐂𝐎𝐍𝐎𝐌𝐘 𝐀𝐍𝐃 𝐑𝐄𝐌𝐀𝐈𝐍𝐒 𝐂𝐎𝐌𝐌𝐈𝐓𝐓𝐄𝐃 𝐓𝐎 𝐒𝐔𝐒𝐓𝐀𝐈𝐍𝐈𝐍𝐆 𝐑𝐄𝐅𝐎𝐑𝐌𝐒 𝐌𝐎𝐌𝐄𝐍𝐓𝐔𝐌

Abuja, 9 June 2026

The Federal Government welcomes the publication of the International Monetary Fund (IMF) 2026 Article IV Mission Concluding Statement on Nigeria and notes its overall positive assessment of the country's economic reform programme. The report provides further independent validation that the bold and necessary reforms undertaken under the leadership of President Bola Ahmed Tinubu, GCFR, are strengthening macroeconomic stability, restoring confidence, and laying the foundation for sustainable and inclusive growth.

The IMF observed that reforms implemented over the past two and a half years have yielded improved macroeconomic outcomes and enhanced Nigeria's resilience to external shocks. The Fund specifically highlighted improvements in foreign exchange market functioning, stronger external buffers, ongoing fiscal and revenue reforms, banking sector resilience, and growing macroeconomic stability. These developments affirm that Nigeria is moving in the right direction and is better positioned to withstand global economic uncertainties than at any time in recent years.

The Government is particularly encouraged by the IMF's recognition that the difficult but necessary decisions to end fuel subsidies, eliminate deficit monetisation, liberalise the foreign exchange market, and strengthen fiscal discipline have contributed significantly to reducing vulnerabilities and rebuilding confidence in the economy. The report notes that Nigeria now faces global shocks with stronger policy frameworks and buffers than before.

The recent conflict in the Middle East has created new challenges for economies around the world through higher energy prices, rising food costs, tighter financial conditions, and disruptions to global supply chains. While these developments present inflationary pressures, the IMF acknowledged that Nigeria has demonstrated notable resilience. Despite significant increases in global energy prices, the foreign exchange parallel market premium has remained below five percent, sovereign spreads have remained broadly stable, and investor confidence has been preserved.

The IMF further noted that Nigeria is well positioned to benefit from higher energy prices through stronger export earnings, improved fiscal revenues, and increased foreign exchange inflows.

The Federal Government remains focused on translating these opportunities into long-term gains by increasing crude oil production, expanding domestic refining capacity, growing gas production and exports, and attracting new investments across the energy value chain.

The Government acknowledges the IMF's observation that poverty and food insecurity remain significant challenges. While progress is being made in terms of per capita income growing by nearly 10 percent in 2025 indicating marked reduction in poverty levels, we are mindful that macroeconomic stability, while necessary, is not sufficient on its own. Economic growth must be inclusive and must translate into tangible improvements in the welfare of Nigerians.

Accordingly, the Government continues to strengthen targeted social protection programmes, including direct cash transfers to vulnerable households, support for small businesses, student financing through the Nigerian Education Loan Fund (NELFUND), consumer credit initiatives, healthcare investments, and interventions aimed at improving livelihoods and expanding economic opportunities.

In agriculture, the Government is scaling up investments through the Renewed Hope National Agricultural Mechanisation Programme and other initiatives designed to improve productivity, expand irrigation and dry-season farming, enhance access to inputs and financing, strengthen value chains, and improve food security. These efforts are aimed at moderating food inflation while creating jobs and raising rural incomes.

The Federal Government also welcomes the IMF's recognition of the progress being made in domestic revenue mobilisation and public financial management reforms. The successful implementation of Nigeria's new tax laws, the digitisation of revenue collection processes, improved transparency in public finance, and enhanced accountability mechanisms will continue to strengthen fiscal sustainability while ensuring a fairer and more efficient tax system.

We note the IMF's recommendations regarding fiscal reporting, budget transparency, and data reconciliation. The Government is already taking steps to strengthen fiscal data integrity, improve coordination among relevant institutions, enhance transparency in budget execution, and deepen public financial management reforms. Efforts are ongoing to improve fiscal reporting systems and ensure that economic and fiscal statistics continue to meet the highest international standards.

The report's medium-term outlook reinforces confidence in Nigeria's economic prospects. The IMF projects continued economic growth above four percent, improving external reserves, rising investment, and strengthening fiscal revenues over the medium term. Public debt has already declined relative to GDP, while reserve buffers have strengthened considerably. These outcomes which complement recent sovereign credit rating upgrades by leading international rating agencies reflect the growing resilience of the Nigerian economy and the positive impact of ongoing reforms.

The Federal Government remains firmly committed to maintaining macroeconomic stability, accelerating inclusive growth, strengthening fiscal discipline, deepening structural reforms, improving the investment climate, expanding infrastructure, enhancing human capital development and job creation. We will continue to pursue policies that support private sector growth, attract domestic and foreign investment, and improve the competitiveness of the Nigerian economy.

While challenges remain, the direction is clear and the foundations are stronger. The ultimate objective of these reforms is not merely improved economic indicators, but better outcomes for every Nigerian - lower inflation, decent jobs, higher incomes, greater economic opportunity, and a better quality of life.

𝐓𝐚𝐢𝐰𝐨 𝐎𝐲𝐞𝐝𝐞𝐥𝐞
Honourable Minister of Finance and Coordinating Minister of the Economy
Federal Republic of Nigeria

[Ministry of Finance & National Planning - Zambia @mofnpzambia]

ZAMBIA ANNOUNCES EARLY RESULTS FROM THE CASH TENDER OFFER FOR THE OUTSTANDING US$1.36 BILLION BOND BUY BACK…SECURES 97.85% PARTICIPATION - The announcement was published on the London Stock Exchange https://t.co/2E0r4JTvme

[TopSeed @RusikeTg]

I remember Faye/Sonko duo spoke left ahead of elections and walked right after elections. Now it’s talking left for Sonko/pastef while Faye wants to walk right.

[Kennedy Wandera @KennedyWandera_]

#Senegal’s ruling party, PASTEF/Les Patriotes led by National Assembly President Ousmane Sonko now sets a raft of conditions for President Bassirou Diomaye Faye, after he initiated consultations ahead of forming a new government.

The majority party says it is willing to support President Faye "within the framework of sincere and responsible cooperation, in implementing public policies".

But "the cooperation must be based on clear programmatic guidelines", in particular:

— A commitment to remaining faithful to the agenda on which the party was elected in power in 2024.
—Clarification of the outlook for managing sovereign debt.
—Blocking measures that'd increase the cost of living.
—Continuing the renegotiation of strategic contracts.
—Fighting corruption and monitoring opaque funds.
—Handling of judicial matters.
—The structure, allocation and distribution of ministerial portfolios.

Discourages President Faye from approaching individual members of the party for consultations in the formation of the new government, “therefore, any party member who attends these consultations will be acting in a personal capacity.”

"These discussions must take place not individually with party members, but with the party’s duly authorized institutional body," the ruling party adds in a statement.

[The Tennis Letter @TheTennisLetter]

Gael Monfils is joined by Jo-Wilfried Tsonga, Richard Gasquet, and Gilles Simon after playing his last Roland Garros match.

The 4 Musketeers reunited.

🥹❤️

[Kennedy Wandera @KennedyWandera_]

They survived state repression, arrests and political persecution.

They sold young Africans a dream. They symbolized hope for a new generation.

#Faye and #Sonko became symbols of change and resistance in Senegal.

Now they look like another revolution destroyed by power, ego and political betrayal.

Disappointed.

[Reuters Africa @ReutersAfrica]

Senegal president sacks PM Sonko, dissolves government after months of friction https://t.co/leVGbzfJwy

[Premier League @premierleague]

A season for the history books 📖

@manutd's Bruno Fernandes is @EASPORTSFC Player of the Season ❤️

[Manchester United @ManUtd]

No-one does it like him.

Bruno Fernandes is the Premier League Player of the Year 🤩❤️

[National Treasury RSA @Treasury_RSA]

For full statement and report visit: https://t.co/XHgSdKR4Wo @GovernmentZA

[Taiwo Oyedele @taiwoyedele]

𝐓𝐇𝐄 𝐅𝐄𝐃𝐄𝐑𝐀𝐋 𝐆𝐎𝐕𝐄𝐑𝐍𝐌𝐄𝐍𝐓 𝐖𝐄𝐋𝐂𝐎𝐌𝐄𝐒 𝐓𝐇𝐄 𝐔𝐏𝐆𝐑𝐀𝐃𝐄 𝐎𝐅 𝐍𝐈𝐆𝐄𝐑𝐈𝐀’𝐒 𝐒𝐎𝐕𝐄𝐑𝐄𝐈𝐆𝐍 𝐂𝐑𝐄𝐃𝐈𝐓 𝐑𝐀𝐓𝐈𝐍𝐆 𝐁𝐘 𝐒&𝐏 𝐆𝐋𝐎𝐁𝐀𝐋 𝐑𝐀𝐓𝐈𝐍𝐆𝐒

The Federal Government welcomes the decision by S&P Global Ratings to upgrade Nigeria’s sovereign credit rating from ‘B-’ to ‘B’ with a Stable Outlook.

This latest upgrade by S&P follows similar positive rating actions in 2025 by Fitch Ratings and Moody's Ratings. It further reinforces growing international confidence in Nigeria’s economic reform trajectory, policy consistency, and medium-term growth prospects.

These independent assessments collectively affirm that the difficult but necessary reforms undertaken under the leadership of President Bola Ahmed Tinubu, GCFR, are yielding measurable results and laying the foundation for a more stable, transparent, and resilient economy.

In particular, S&P highlighted improvements in Nigeria’s external position, stronger balance of payments dynamics, increased oil production, expanding domestic refining and export capacity, and the sustained implementation of key macroeconomic reforms including foreign exchange market liberalisation.

The agency also recognised ongoing fiscal reforms aimed at broadening the tax base, improving public revenue mobilisation, enhancing fiscal transparency, and strengthening debt sustainability. Notably, Nigeria’s debt-to-revenue ratio has improved significantly since 2023 and is projected to decline further as reforms continue to mature.

The upgrades by Fitch, Moody’s, and now S&P send a strong signal to global investors, development partners, financial markets, and the international business community that Nigeria is regaining macroeconomic credibility and restoring confidence in the management of its economy.

The government remains firmly committed to prudent fiscal management, macroeconomic stability, and structural reforms that promote inclusive and sustainable growth. We have maintained our position against the reintroduction of inefficient fuel subsidies which historically created significant fiscal distortions, incentivised smuggling, weakened foreign exchange liquidity, and diverted scarce public resources away from critical national priorities.

We remain committed to a market-driven economy anchored on transparency, competition, and effective regulatory oversight. Accordingly, the Federal Government will continue to uphold policies that support free enterprise, respect private investment, and provide a stable and predictable environment for businesses and investors to thrive.

While these positive ratings developments are encouraging, we recognise that the work ahead remains substantial. We are focused on addressing inflationary pressures, improving food security, expanding decent job opportunities, and ensuring that economic growth translates into meaningful and inclusive prosperity for all Nigerians.

The Federal, States and Local Governments will continue to implement reforms with discipline, pragmatism, and compassion while maintaining close engagement with citizens and all stakeholders.

The Federal Government appreciates the resilience, patience, and support of Nigerians in this reform journey. The improving outlook from leading global rating agencies will further position our country to attract investments and and enhance the country's ability to secure financing on more favourable terms. We are strengthened in our resolve to build a stronger economy that is globally competitive, fiscally sustainable, and works for all Nigerians.

𝐓𝐚𝐢𝐰𝐨 𝐎𝐲𝐞𝐝𝐞𝐥𝐞
𝘏𝘰𝘯𝘰𝘶𝘳𝘢𝘣𝘭𝘦 𝘔𝘪𝘯𝘪𝘴𝘵𝘦𝘳 𝘰𝘧 𝘍𝘪𝘯𝘢𝘯𝘤𝘦 𝘢𝘯𝘥 𝘊𝘰𝘰𝘳𝘥𝘪𝘯𝘢𝘵𝘪𝘯𝘨 𝘔𝘪𝘯𝘪𝘴𝘵𝘦𝘳 𝘰𝘧 𝘵𝘩𝘦 𝘌𝘤𝘰𝘯𝘰𝘮𝘺
𝘍𝘦𝘥𝘦𝘳𝘢𝘭 𝘙𝘦𝘱𝘶𝘣𝘭𝘪𝘤 𝘰𝘧 𝘕𝘪𝘨𝘦𝘳𝘪𝘢

[Zimbabwe Football ⚽️ 🇿🇼 @zim_football]

🇿🇼🏴󠁧󠁢󠁥󠁮󠁧󠁿

Vitinha stayed back for 20 minutes after the final whistle just to swap shirts with 18-year-old Trey Nyoni last night.

A promise made, a promise kept

#Zimbabwe #England #psg #ynwa #Zimfootball

[Nigeria Tennis Live @naijatennislive]

We begin today with Oyinlomo Quadre, Nigeria’s best female player for about a decade now.

She’s in her last year in College and will be going pro when she leaves.

It won’t be too long before we flood the timeline with reports of her WTA outings and performances - BE THERE 🫵🏽

[Nigeria Tennis Live @naijatennislive]

A Nigerian is likely to play in the Grand Slam this year, his name is Seun Ogunsakin!

Currently ranked 74 in world juniors, he narrowly missed out on playing at the AO Juniors this year but he’s likely to be in the Main Draw of the Junior French Open & Wimbledon 🤲🏽

[TopSeed @RusikeTg]

Let’s go Botswana

[#AusOpen @AustralianOpen]

HISTORY FOR BOTSWANA 🇧🇼

Junior competitor Ntungamili Raguin is the first player from Botswana to win a Grand Slam match!

#AO26

[TopSeed @RusikeTg]

Congratulations to Senegal, the lions of teranga for winning @TotalAFCON2025. What a game with all the controversies. What is supposed to be, will be.

[TopSeed @RusikeTg]

Congrats to Senegal,the lions of teranga beating Egypt 1-0 and proceeding to the Afcon final @TotalAFCON2025. Tough in the international bond markets, but winning on the football pitch. Let’s go Super eagles, our Ogas at the top, Nigeria vs Morocco up next.

[TopSeed @RusikeTg]

Geopolitical tensions are rising. Developed countries spend close to 3% of GDP in defence/security budgets, while African countries spend around 1% of GDP. It’s time to increase investment in defence spending- equipment/technology and manpower.

[TopSeed @RusikeTg]

Aikaka Inga zvakaoma 😂😂😂

[Zimviral 𝕏 @ZimViral]

Genuine question: what do Africans gain from supporting European teams like this?