Economy
EBID Approves €230m and $10m to Drive Growth and Development in West Africa
The ECOWAS Bank for Investment and Development (EBID) has announced the approval of a combined €230 million and $10 million...
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Global Trade Tensions Rattle SMEs as U.S. Tariff Stance Fuels Market Chaos
Small and medium-sized enterprises around the world are increasingly bearing the brunt of escalating trade tensions as the United States,...
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FG Opens April FGN Savings Bond Offer with 17% Interest to Attract Retail Investors
The Debt Management Office (DMO) has announced the opening of the April 2025 issuance of the Federal Government of Nigeria...
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Sweden Sets to Open Largest Innovation Hub in Africa, Strengthening Ties with Nigeria
Sweden has announced the launch of its largest innovation hub in Africa, situated in Lagos State, Nigeria. The announcement was...
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CBN Moves to Shield FX Market from US tarrifs Impact, Sells $197m to Banks
In a statement on Saturday, signed by Omolara Duke, CBN’s director of financial markets, the regulator the sale was made...
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World Bank Approves $632 Million New Loans for Nigeria
The World Bank has approved fresh loans totaling $632 million for Nigeria on Monday, adding to growing concerns about the...
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ILO Social Protection Programme Reaches 55 Million People, Targets 60 Million by 2025
The International Labour Organisation (ILO) has announced that its Global Flagship Programme on Building Social Protection Floors for All has...
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LCCI Urges Transparency in Disbursement of World Bank’s $500 Million Loan
The Lagos Chamber of Commerce and Industry (LCCI) has called on the federal government to ensure that the newly approved...
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Nigeria’s Top Banks Face Heavy Forex Losses as CBN Closes Arbitrage Loopholes
Nigeria’s top-tier banks are no longer reaping massive foreign exchange gains as the Central Bank of Nigeria (CBN) has tightened...
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IMF Warns of Rising Bank Exposure to Domestic Bonds in Emerging Economies
The International Monetary Fund (IMF) has expressed concerns over the increasing exposure of commercial banks to domestic bond markets in...
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