Securities and Exchange Commission (SEC) says it is collaborating with the Central Bank of Nigeria (CBN) and other relevant agencies to ensure seamless banking sector recapitalisation....
The Federal Government will need about N3.2 trillion to subsidise electricity in 2024 if government reverses the current tariff hike. Sanusi Garba, Chairman of the Nigeria...
Incomes in Sub-Saharan Africa are falling further behind the rest of the world amid a “tepid” economic recovery, the International Monetary Fund (IMF) said on Friday,...
The World Bank Group today announced an ambitious plan to support countries in delivering quality, affordable health services to 1.5 billion people by 2030. This is...
Central Bank of Nigeria CBN has in a circular to Deposit Money Banks titled “Re: Regulatory Measures to Improve Lending to the Real Sector of the...
The global economy is expected to expand at a 3.2% pace, the same pace as last year. This is below the annual average of 3.8% over...
Minister of Solid Minerals Development, Dr Dele Alake, Tuesday, placed indefinite suspension on mining activities around the Obafemi Awolowo University, OAU, and Obafemi Awolowo University Teaching...
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 lackluster growth, rising indebtedness...
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 in the previous month....
Nigeria has recorded its fifth power system collapse in 2024, thus throwing many parts of the nation into darkness. Already, many Electricity Distribution Companies, DisCos, have...
World Bank has said in a report that half of the world’s 75 poorest countries are experiencing a widening income gap with the wealthiest economies for...
The Executive Board of the International Monetary Fund (IMF) said it has selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term...
A bipartisan group of senators will introduce a bill to renew the United States’ trade pact with sub-Saharan Africa ahead of its expiration next year, an...
A top U.S. Treasury official on Thursday will call for decisive, coordinated action by official bilateral creditors to address the worsening financial challenges faced by low-...
Suspended Minister of Humanitarian Affairs, Betta Edu sues BBC over report linking her to the recovery of N30 billion by the Economic and Financial Crimes Commission...