SOUTH AFRICA’S ECONOMIC GROWTH TO DOUBLE IN 2024

The global and South African financial institutions have predicted an increase in South Africa’s economic growth at an average of 1.2% in 2024 compared...

NGX TO ADOPT TECH FOR BANK RECAPITALISATION EXERCISE

The Nigerian Exchange Group (NGX) is set to adopt technology to drive financial companies' capital-raising efforts and meet the new capital requirements of the...

Inflation Bites as N20, N10, and N5 Lose their Edge

In major markets, worsening inflation is driving prices of goods away from the lower denominations of Naira currencies. Not long ago, a sachet of...

FG Begs Workers as Electricity Union Insists on Strike

Members of the National Union of Electricity Workers have received an appeal from the Federal Government, asking them not to walk out in protest...

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...
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