WORLD BANK CAUTIONS NIGERIAN, ETHIOPIAN, AND UGANDAN CENTRAL BANKS AGAINST RISKY MOVES

The World Bank has issued a warning to the Central Banks of Nigeria, Ethiopia, and Uganda, advising them to avoid unconventional actions that might...

WORLD BANK ENCOURAGES NIGERIA AND OTHER NATIONS TO BOOST LOCAL ENTERPRISES FOR JOB GENERATION

The World Bank has advised Nigeria and other sub-Saharan African (SSA) nations to implement cost-effective private sector reforms, ensure consistent policy enforcement for businesses...

FEDERAL CAPITAL TERRITORY MINISTER, NYESOM WIKE, SEEKS COLLABORATION WITH ISRAEL TO BOOST AGRICULTURE AND ENHANCE SECURITY

In a recent meeting with the Israeli Ambassador to Nigeria, Mr. Michael Freeman, the Minister of the Federal Capital Territory, Nyesom Wike, expressed the...

NEWLY CREATED MINISTRY FOR MARINE AND BLUE ECONOMY TO COLLABORATE WITH BRITSH AND AMERICAN GOVERNMENT FOR DEVELOPMENT

The newly established Ministry for Marine and Blue Economy will be collaborating with the British and American governments grow Nigeria’s economy. This was disclosed by...

LOWER INFLATION RATE IS KEY TO ATTRACTING INVESTORS – ARI ARSEN

Ari Aisen, the International Monetary Fund's Resident Representative in Nigeria, believes that lower inflation and more predictable exchange rates will encourage more investment in...

IMF URGES NIGERIAN GOVERNMENT TO TACKLE CLIMATE CHANGE AS PART OF ECONOMIC STRATEGY

During a recent workshop in Abuja, the International Monetary Fund (IMF) emphasized the vital role that Nigeria's Federal Ministry of Finance and the Central...

GHANA TO FIX RATES AT 30% AMID FALLING INFLATION

The Bank of Ghana is likely to end its sequence of interest rate hikes today, September 25th, despite a drop in inflation in the...

NIGERIA TO RECEIVE $700 MILLION LOAN FROM WORLD BANK

A loan of $700 million has been approved for Nigeria by the World Bank. The loan will be to improve the education sector and...

NIGERIA’S TRADE WITH AFRICAN COUNTRIES INCREASES TO N1.84 TRILLION

Nigeria’s trade with the rest of Africa increased by 40.8 percent in the first half of 2023 (H1 '23). This amount is equivalent to...
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