AfDB Warns of $39.8bn Foreign Funding Decline to Africa in 2025 Amid Global Aid Cuts
The African Development Bank (AfDB) has projected a significant decline in external funding to Africa in 2025, with the continent ...
Tag: Economy news
PwC Nigeria Donates N9m to Charities Supporting Health, Education, and Social Inclusion
PwC Nigeria has donated N9 million to five charities dedicated to health, education, and social inclusion as part of its ...
Nigeria Needs $15 million Yearly to Upgrade its Statistical System – World Bank
The World Bank has advised Nigeria to invest between $10 million and $15 million annually to upgrade its national statistical ...
IFC Invests $50 Million in Lagos Free Zone to Boost Nigeria’s Industrial and Economic Growth
The International Finance Corporation (IFC) has announced a significant equity investment of up to $50 million in Lagos Free Zone ...
U.S. and Nigeria Partner on $2 Million Grant for Fiber Optic Expansion
The United States and Nigerian governments have signed a $2,095,000 grant to evaluate the feasibility of deploying over 90,000 kilometers ...
Afreximbank Advocates Youth Empowerment for Africa’s Economic Future
The African Export-Import Bank (Afreximbank) has reiterated the importance of empowering Africa's youth, emphasizing their role in shaping the continent’s ...
Nigeria Renews $2 Billion Currency Swap Deal with China
Nigeria has renewed a $2 billion (15 billion yuan) currency swap agreement with China, aiming to bolster bilateral trade and ...
TikTok Removes 2.1 Million Nigerian Videos in Q3 2024, See Why
TikTok, the popular short-video platform owned by ByteDance, has revealed in its Q3 2024 Community Guidelines Enforcement Report that 2.1 ...
Naira Crash and Inflation Deepen Nigeria’s Food Crisis
Nigeria’s worsening food crisis is fueled by naira devaluation, rising insecurity, and surging inflation, according to Afreximbank’s report, Food Imports ...
Senate Approves Bill to Raise Minimum Capital Requirements for All Insurance Companies in Nigeria
The Senate has approved the Nigerian Insurance Industry Reform Bill, 2024, introducing significant changes to modernize the sector. It mandates ...
