AfDB extends €145m loan to Egypt for railway upgrades
The Board of Directors of the African Development Bank has approved a loan of €145 million to finance reliability and
Read more
Economics
IMF may provide debt service relief to 28 countries till April 2022
The Executive Board of the International Monetary Fund has approved a third tranche of grants for debt service relief for
Read more
Intensified action needed to end COVID-19, economic damage – G-24
The Group of Twenty-Four nations has said intensified action is needed to end the COVID-19 pandemic and prevent long-term economic
Read more
Nigeria borrows more from China, debt hits $3.26bn
Nigeria’s borrowing from the Exim Bank of China rose by $90 million last year, the latest data from the Debt
Read more
Nigeria’s growth prospects muted, vaccine rollout slow – World Bank
The World Bank has said Nigeria’s muted growth prospects and slow vaccine rollout will weigh on sub-Saharan Africa’s economic outlook.
Read more
Nigeria’s forex reserves gain $404m in 13 days
Nigeria’s foreign exchange reserves rose by $404 million in the last 13 days of March to close the month at
Read more
Nigeria’s forex reserves end falling streak after nearing one-year low
Nigeria’s foreign exchange reserves have ended a falling streak that brought the reserves near a one-year low despite a significant
Read more
Interest rate hike now unavoidable in Nigeria, says FDC
With Nigeria’s inflation rate at a four-year high, an increase in interest rates is not only imminent but now inevitable,
Read more
CBN disburses N1.49trn to farmers amid rising food inflation
The Central Bank of Nigeria said on Tuesday that it had so far disbursed N1.49 trillion to 3,038,649 farmers to
Read more
Nigeria plans to resume international flights at three more airports
The Minister of Aviation, Senator Hadi Sirika, has said plans are underway to resume international flight operations at the Mallam
Read more