NIGERIA, G7 URGES CEASE FIRE BETWEEN IRAN AND ISRAEL

On Sunday, April 14, 2024, Nigeria and other G7 counterparts urged Iran and Israel to ceasefire amidst escalating tensions. In a televised report from Daniel...

WORLD BANK APPROVES $750M FOR NIGERIA

The World Bank has approved a loan of $750 million to the federal government of Nigeria to provide subsidies to developers and operators of...

IMF LAMENTS ON SUBSIDIES , TAX BREAKS TOWARDS POOR PRODUCTIVITY

In a new report titled 'Industrial Policy Is Not a Magic Cure for Slow Growth', the International Monetary Fund stated the detrimental effect of...

FG TO GET $1BN AFREXIMBANK LOAN IN MAY

The federal government of Nigeria expects a $1.05bn syndicated loan back from the African Import Export (AFREXIM) Bank this coming month. Afreximbank arranges the loan...

SIEMENS POWER PROJECT TRANSFORMERS ARRIVES NIGERIA

Adebayo Adelabu, the Nigerian Minister of Power, on Sunday, 7 March 2024, confirms the arrival of the $2.3bn Siemens power electricity transformers and substation...

FG INITIATES THREE NATIONAL CARDS FOR NIGERIANS

The federal government of Nigeria has unveiled its plan to initiate three new national identity cards in May 2024 for about 104 million citizens...

NGX INVESTS IN ETHIOPIA’S FIRST-EVER SECURITIES EXCHANGE

The Nigerian Exchange Group (NGX) has invested in Ethiopia's first-ever stock exchange (ESX); the amount involved in the deal is undisclosed. ESX was established in...

BANK OF TANZANIA INCREASES INTEREST RATE

On Thursday, April 4, 2024, the Bank of Tanzania (BOT) announced an increase in the central bank rate (CBR) from 5.5% to 6.0 %...

CAK APPROVES AIRTEL TOWER DEAL WITH ATC AFTER INVESTIGATIONS

The Competition Authority of Kenya (CAK) authorized the tower site deal between Airtel Africa, a telecom company, and American Tower Corporation (ATC), a global...

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