Nigeria’s economy to grow 1.1% in 2021, says World Bank

The World Bank has forecasted that the global economy is set to rebound by 4% in 2021, while Nigeria’s economy is expected to resume...

Nigeria’s 3 tiers of government shares N601bn for November

The Federal, States and Local Governments in the country shared the sum of N601.110 billion as federation allocation for November. According to Permanent Secretary, Ministry...

CBN retains MPR at 11.5%, other parameters remain constant

The Central Bank of Nigeria (CBN), Tuesday voted unanimously to keep the Monetary Policy Rate (MPR), at 11.5%. The Monetary Policy Committee (MPC), of the...

Nigeria’s economy slips into recession, 2nd time in 5 years

Data from the National Bureau of Statisitics (NBS) has shown that the Nigerian economy declined 3.6 per cent in the third quarter of the...

Unmatched investment returns in Africa despite challenges – AIF

Africa Investment Forum (AIF) Senior Director Chinelo Anohu on Thursday joined business leaders in a webinar to discuss opportunities for Africa in the wake...

AfDB, AIF, partners, postpone Africa Investment Forum

The Board of Directors of the African Development Bank Group ( and the Africa Investment Forum (AIF) founding partners have approved the postponement of...

Foreign investment vital for Africa’s economic growth:

By NJ Ayuk Despite the COVID-19 pandemic, not all of the economic news in Africa has been negative. We continue to see promising developments. Look at...

CBN decides eligibility for N75bn Youth Investment Fund

The Central Bank of Nigeria (CBN), has stated that it has the final say on businesses and activities that are eligible to benefit from...

OPEC, West African Development Bank (BOAD) boost cooperation

The OPEC Fund for International Development (the OPEC Fund) and the West African Development Bank (BOAD) have signed a Framework Agreement to further strengthen...

FG to offer N30bn bonds in October

The Debt Management Office (DMO) has said that the Federal Government would auction N30bn worth of bonds by subscription on October 21. A circular by...

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