Economy
Nigeria’s Debt Servicing Soars by 68.8%, Straining Public Finance
Nigeria’s debt servicing costs hit N6.04 trillion in the first half of 2024, a significant 68.8% jump from N3.58 trillion...
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Naira Rises 1.69% on I&E Window As Global Crude Oil Prices Rise to $80 per Barrel
The Nigerian naira gained ground against the U.S. dollar on October 4, 2024, closing at N1,631.21 in the Investor and...
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IFC Backs Equator Africa Fund to Bridge Climate Tech Financing Gap in Sub-Saharan Africa
The International Finance Corporation (IFC) has committed $5 million to Equator Africa Fund I, marking its first venture capital investment...
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Africa Finance Corporation Secures $500 Million Eurobond, Return to the Global Debt Capital markets
Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has made a notable return to the global debt capital...
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FEDA Invests $443million in ARISE IIP to Propel Africa’s Export-Led Industrialization
FEDA, the investment arm of Afreximbank, is actively promoting export-led industrialization across Africa. Its recent investment in the ARISE Integrated...
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CBN Sells $543.5 Million in FX Market to Stabilize Naira
The Central Bank of Nigeria (CBN) sold a total of $543.5 million in the Nigerian foreign exchange market (NFEM) to...
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FG Exempts 63 Items from VAT to Support Key Sector…See Full List of Exempted Items
The Nigerian Federal Government has announced the exemption of 63 items from Value-Added Tax (VAT). This was revealed by Taiwo...
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ExxonMobil Targets $10 Billion Investment Plan in Deep-Water in Nigeria
Nigeria aims to attract up to $10 billion in new investments for deep-water gas exploration through a new policy framework...
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Kaduna State Government Allocates ₦71.65 Billion to Strengthen Healthcare, Expands Primary Care Access
The Kaduna State government has announced a major allocation of ₦71.65 billion aimed at improving medical services and infrastructure, alongside...
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Afreximbank Approves $20.8 Million for Starlink Global’s Cashew Factory in Lagos
The African Export-Import Bank (Afreximbank) has approved a financing facility worth $20.8 million for Nigeria-based Starlink Global & Ideal Limited....
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