News
Nigeria: Higher Budget Deficit Could Further Depreciate Naira – Fitch
Fitch Ratings has cautioned that Nigeria’s economic stability efforts may falter if the government fails to achieve its fiscal deficit reduction targets. The ...
News
Nigeria: Kashifu Advocates for Technology Adoption to Spur Economic Prosperity at FutureMap Academy Workshop
The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has urged policymakers to leverage the unique resources and strengths ...
News
Nigeria: CBN Introduces Whistleblowing Platform to Strengthen Transparency in Nigeria’s Financial Sector
The Central Bank of Nigeria (CBN) has announced the launch of a whistleblowing platform as part of its commitment to fostering transparency, accountability, ...
News
Nigeria and Saudi Arabia Strengthen Economic Partnership
Nigeria has taken a significant step to bolster its economic ties with Saudi Arabia through a high-level delegation to Riyadh, led by the ...
Global
Global: China, Nigeria Extend $2bn Currency-Swap Deal
China and Nigeria have renewed a 15 billion yuan ($2 billion) currency-swap agreement to enhance trade, investment, and financial collaboration between the two ...
News
Nigeria: Telecom Operators Suffer N35.4bn Loss Due to Fibre Cable Cuts in 2023
The Nigerian telecommunications sector faced significant challenges in 2023, with operators reporting losses of at least ₦35.4 billion (approximately $23 million) due to ...
News
Nigeria: Stanbic IBTC Facilitates $2 Billion FX Inflows into Nigeria
Stanbic IBTC Bank has reinforced its position as Nigeria’s leading bank for capital importation, accounting for a significant 28.30% of total foreign capital ...
News
Togo Secures Additional $58 Million Loan from IMF
Togo has gained access to a $58.7 million loan from the International Monetary Fund (IMF) following the completion of the first review under ...
News
Global: Egypt Secures $1.2 Billion IMF Loan Agreement
Egypt has reached a staff-level agreement with the International Monetary Fund (IMF) on the fourth review of the Extended Fund Facility (EFF), paving ...
News
Nigeria: FG to Fund 50% of Nigeria’s $2B Fiber Optic Project
According to Dr. Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy, the Federal Government of Nigeria has committed to funding 50% ...