Economy
World Bank Approves $1.57 Billion in New Financing for Nigeria
Nigeria is set to receive $1.57 billion in new financing from the World Bank to support initiatives aimed at strengthening...
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Nigerian Government clears over N30 trillion in Ways and Means Debt, Outlines Economic Reforms Addressing Rising Cost of Living
In his 64th Independence Day address, President Bola Tinubu announced that the federal government has cleared over N30 trillion in...
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Nigeria Lost 362 Million Barrels of Crude Oil in 10 Years – NEITI
Nigeria has lost an alarming 362.28 million barrels of crude oil between 2014 and 2023, according to a comprehensive report...
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Itana and AFC Partner to Develop $100 Million Africa’s First Digital Economic Zone
Itana, Nigeria’s first licensed digital economic zone management company, is receiving support from Africa Finance Corporation (AFC) to develop Africa’s...
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Bayelsa State Partners with Bank of Industry to Provide N4 Billion Loan to Support Businesses Facing Funding Gaps
The Bayelsa State Government has teamed up with the Bank of Industry (BoI) to launch a N4 billion loan scheme...
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World Bank Approves $1.57 Billion Loan to Nigeria for Key Development Projects
The World Bank has announced the approval of an additional loan of $1.57 billion to the Nigerian government to finance...
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Nigeria Must Boost Production Capacity to Reach $1 Trillion Economy by 2026, Says BoI
The Bank of Industry (BoI) has highlighted the need for Nigeria to significantly enhance its production capacity to achieve a...
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Federal Government Reaffirms Commitment to Boosting MSMEs with Tax Incentive
The Federal Government of Nigeria has pledged continued support for micro, small, and medium enterprises (MSMEs) by providing tax incentives...
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CBN Announces Collaboration with Microfinance Banks (MFBs) to Boost financial inclusion and Support the Growth of Micro, Small, and Medium Enterprises (MSMEs)
The Central Bank of Nigeria (CBN) has announced its collaboration with Microfinance Banks (MFBs) to boost financial inclusion and support...
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IMF Approves $210 Million Credit Facility for Liberia to Boost Economic Reforms
The International Monetary Fund (IMF) has approved a 40-month Extended Credit Facility (ECF) for Liberia, valued at SDR155 million (approximately...
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