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…
News
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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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News
My encounter with Governor Lawal of Zamfara, other VIPs on Air Peace’s flight from Jeddah to Kano
By Hadiza Oyewumi My overall impression during the five and half hour flight was that Nigerians are increasingly appreciating the need to…
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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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Niger has signed a memorandum of understanding with Chinese state-owned oil giant China National Petroleum Corp (CNPC) worth $400 million linked to…
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To close the holiday shortened week, the All-Share index of the local bourse slipped further by 0.71% to 102,314.56. Bearish sentiment continued…
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AgricultureFoodNews
Inflation, devaluations, others worsen food crisis in Nigeria, Ghana, others—-UN agencies
Food and Agriculture Organisation, FAO, United Nations International Children’s Emergency Fund, UNICEF, and World Food Programme, WFP, have said that currency devaluations,…
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Zenith Bank Plc has announced its audited results for the year ended December 31, 2023, achieving a remarkable triple-digit growth of 125%…
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Guaranty Trust Holdings plans to seek shareholder approval next month to raise up to $750 million in capital, joining other banks in…
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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…
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Global benchmark Brent hovered around $90 a barrel on Thursday as persistent inflation dampened rate cut optimism in the short term, but…
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A top U.S. Treasury official on Thursday will call for decisive, coordinated action by official bilateral creditors to address the worsening financial…
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BusinessNews
DisCos supplying less than 20-hour electricity to Band A customers to face sanction— Adelabu
The Minister of Power, Adebayo Adelabu, has said that the federal government will sanction power distribution companies (DisCos) that fail to supply…