Minister of Finance and Coordinating Minister of the Economy Dr Wale Edun, has said that Nigeria is expecting a fresh $2.2 billion…
Category:
Economy
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EconomyNews
AfDB, GIABA combat money laundering and terrorism financing in Africa through new project
The African Development Bank) and the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) on Thursday officially launched a three-year…
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Securities and Exchange Commission (SEC) says it is collaborating with the Central Bank of Nigeria (CBN) and other relevant agencies to ensure…
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The Federal Government will need about N3.2 trillion to subsidise electricity in 2024 if government reverses the current tariff hike. Sanusi Garba,…
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Incomes in Sub-Saharan Africa are falling further behind the rest of the world amid a “tepid” economic recovery, the International Monetary Fund…
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The World Bank Group today announced an ambitious plan to support countries in delivering quality, affordable health services to 1.5 billion people…
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Central Bank of Nigeria CBN has in a circular to Deposit Money Banks titled “Re: Regulatory Measures to Improve Lending to the…
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The global economy is expected to expand at a 3.2% pace, the same pace as last year. This is below the annual…
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Minister of Solid Minerals Development, Dr Dele Alake, Tuesday, placed indefinite suspension on mining activities around the Obafemi Awolowo University, OAU, and…
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EconomyNews
Uncertainty, amidst conflict, indebtedness, weighs on the outlook for the Middle East, North Africa—WBG
The World Bank’s new Middle East and North Africa economic update, entitled Conflict and Debt in the Middle East and North Africa, shows that…
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National Bureau of Statistics has said that Nigeria’s headline inflation rate nudged higher to 33.2% y/y in March 2024 from 31.7% y/y…
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Nigeria has recorded its fifth power system collapse in 2024, thus throwing many parts of the nation into darkness. Already, many Electricity…
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EconomyFinanceNews
World Bank sounds alarm on ‘historical reversal’ of development for poorest nations
World Bank has said in a report that half of the world’s 75 poorest countries are experiencing a widening income gap with…
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The Executive Board of the International Monetary Fund (IMF) said it has selected Kristalina Georgieva to serve as IMF Managing Director for…
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A bipartisan group of senators will introduce a bill to renew the United States’ trade pact with sub-Saharan Africa ahead of its…