Okonjo-Iweala confirmed as WTO DG, reveals her top priority
The World Trade Organization has chosen Nigeria’s former Finance Minister, Dr Ngozi Okonjo-Iweala, as its first female and first African
Read more
Economics
Nigeria sets up infrastructure company to bridge huge deficit
President Muhammadu Buhari has approved the establishment of an infrastructure company, named Infra-Co, with an initial seed capital of N1
Read more
Nigeria plans more borrowing, targets 40% debt-to-GDP
Nigeria, Africa’s biggest economy, is looking to increase its debt-to-GDP ratio to 40 percent by 2023 from10.35 percent at the
Read more
Debt relief, vaccines critical to Africa’s recovery – AfDB boss
The President of the African Development Bank, Dr Akinwumi Adesina, has said fair access to COVID-19 vaccines and debt relief
Read more
Naira crashes at I&E window as forex reserves fall further
The naira fell to 401 against the dollar on Tuesday at the Investors’ and Exporters’ Foreign Exchange Window. The local
Read more
Nigeria disagrees with IMF on further naira devaluation
The International Monetary Fund has said Nigerian authorities did not agree with the need for an additional exchange rate adjustment.
Read more
Nigeria needs urgent policy adjustment as economy worsens – IMF
The International Monetary Fund has said Nigeria needs urgent policy adjustment and more fundamental reforms to address its economic woes.
Read more
WTO DG: I look forward to finalising process, says Okonjo-Iweala
Following the withdrawal of her only rival and the support from the United States, a former Nigerian Minister of Finance,
Read more
World Bank approves $500m for Nigeria’s electricity distributors
The World Bank announced on Friday that it had approved $500 million to support the government of Nigeria in improving
Read more
Nigeria suffers 60% drop in 2020 foreign capital inflow
Foreign capital flow into Nigeria tumbled by almost 60 percent in 2020 to $9.68bn, its lowest level in four years,
Read more