How to attract private finance to Africa’s development – By World Bank
Aug. 17, 2021 African economies are at a pivotal juncture. The COVID-19 pandemic has brought economic activity to a standstill. Africa’s hard-won economic gains of the last two decades, critical…
17m housing deficit: FG refutes data, says yet to ascertain purported source – Fashola
July 15, 2021 The Minister of Works and Housing, Babatunde Fashola on Thursday refuted a widespread statistics claiming that Nigeria has a 17 million housing deficit, pointing out that no…
Buhari, NIRSAL and Agro-Nigeria: A Success Story
June 30, 2021 The Managing Director/CEO of NIRSAL, Aliyu Abdulhameed, has continued to insist that developing the nation’s agriculture value chain offers the most veritable pathway to achieving genuine socio-economic…
World Bank debars Chinese companies in Nigeria, China, others over fraudulent practices
June 17, 2021 Reports said a de facto agent and subcontractor of China-based Zhejiang First Hydro & Power Construction Group Co. (First Hydro) offered and paid bribes to two government…
Drag on Nigeria’s growth delays Africa -World Bank
June 15 Nigerian economic growth has resumed after the COVID shock but is lagging the rest of sub-Saharan Africa, with food inflation, heightened insecurity and stalled reforms slowing growth and…
Nigeria’s Inflation Rate soon to push 7 million more Nigerians into poverty – World Bank
June 15, 2021 The World Bank says Nigeria’s inflation rate is expected to rise to 5th highest in Sub-Saharan Africa by the end of 2021, behind only Zimbabwe, Zambia, South…
Nigeria lets naira weaken in possible move to unify multiple exchange rates
May 15, 2021 Nigeria lets the naira weaken to a record low against the dollar on the official market on Friday, according to traders, who said this could be a…
ANALYSIS: STIMULATING DOLLAR AND ENERGETIC INFLOWS, BY ARIZE NWOBU
Creative and innovative policies help to drive economic growth and development. Crises spur critical thinking and creativity whereby new and useful ideas and policies are developed for the overall success…
Global Economy to Expand by 4% in 2021; Vaccine Deployment, Investment Key to Sustaining Recovery – WBG
The global economy is expected to expand 4% in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year. Development risks however remain as economic activity, incomes likely…
World Bank approves Nigeria’s $1.5bn loan request, says country at a critical juncture
The World Bank has finally approved Nigeria’s request for a $1.5 billion loan. This was announced in a statement by World Bank on Tuesday noting that the facility is a…