Africa’s Economic Potential, Future Growth Compromised By ‘Opaque’ $824bn Debt, Says Adesina
AfDB President Akimwunmi Adesina has revealed that Africa will be paying $74 billion in debt service this year alone.
AfDB President Akimwunmi Adesina has revealed that Africa will be paying $74 billion in debt service this year alone.
The naira has continued its recent downward trend as it depreciated to close at N1,308/$ on the official market.
The Nigerian Treasury Bills (NTBs) issued by the Central Bank of Nigeria (CBN) on Wednesday recorded an oversubscription of 254.23 percent as investors’ total subscription stood at N531 billion as
Electronic payment transactions in Nigeria witnessed a remarkable surge in the first quarter of 2024.
The naira has, despite its recent bounce back, continued to weaken, closing at N1,300/$ on the official market on Tuesday.
Finance Minister Edun and CBN Governor Cardoso will lead a meeting on Wednesday to discuss how to strengthen the naira.
NNPC and Newcross Exploration are aiming to enhance Nigeria’s hydrocarbon output and help meet OPEC production quotas.
Congo mines ministry halts shipments of copper and cobalt by a primarily Chinese-owned mining group over high radiation levels.
Milan Industries has filed an N850 Billion Suit against AMCON over their alleged wrongful sale of Intercontinental Hotels.
Finance Minister Wale Edun has said that Nigeria’s recent monetary tightening policies increased the country’s 2024 growth projection to 3.4%
Former CIBN president Ajibola has stressed the need to reduce dollar dependency in Nigeria, citing its pervasive influence in economic decisions.
Petroleum marketers have said that the monetary policy tightening has made it difficult for them to get huge loans to lift petroleum products
Finance Minister Edun has announced plans to issue domestic bonds denominated in foreign currency to alleviate forex challenges.
The value of the naira dipped on Monday at both the official and parallel markets after its six-week hot streak.
FBN holdings has announced Olusegun Alebiosu as new acting CEO of First Bank following Adesola Adeduntan’s resignation.
Analysts have said that the Dangote refinery has to potential to alleviate Nigeria’s cost of living crisis.
NNPC has reiterated its commitment to transforming Nigeria into a gas-powered nation, in line with the country’s enormous natural endowment.
Wale Edun says the World Bank’s $2.25bn loan to Nigeria is the “closest you can get to free money.”
The transaction between ExxonMobil and Seplat Energy Plc, started over two years ago but has not yet been concluded.
Adeduntan’s resignation as First Bank CEO has triggered speculation as FBN Holdings ditches plans for a capital raise.
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