FAAC: FG, States, LGs share N760.7bn for July

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The Federation Accounts Allocation Committee (FAAC), has shared a total of N760.717 bllion revenue to the federal, state and local governments for the month of...

CBN allays fears over customers’ domiciliary accounts

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The Central Bank of Nigeria (CBN) Monday debunked speculations that it was planning to convert the foreign exchange (FX) in domiciliary accounts of bank...

Korea channels $600m into energy investments alongside AfDB

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The African Development Bank, the Korean Ministry of Economy and Finance and the Export-Import Bank of Korea have signed an agreement, under which Korea...

AfDB approves economic recovery loans for Egypt, Zambia

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The Board of Directors of the African Development Bank have approved an €83 million loan to finance the second phase of Egypt’s Electricity and...

AfDB approves $430,000 for Guinea’s Ebola relief project

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The Board of Directors of the African Development Bank has approved a $430,000 grant to Guinea to fight the spread of the Ebola hemorrhagic...

Dangote, German govt partner on youth skills development

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…Lagos woos ADF, VDMA for its youth The Aliko Dangote Foundation in partnership with Germany's VDMA (the German Association for Mechanical and Plant Engineering) and its...

GDP in second consecutive quarter of growth since last recession

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The Nigeria Bureau of Statistics (NBS) has recently released GDP result for the first quarter of 2021, revealing that the economy expanded by 0.51%...

Why April headline inflation experienced decline

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The Nigeria Bureau of Statistics (NBS) has released inflation figures for the month of April 2021 which printed at 18.12%, a 5bps YoY moderation...

Public dev banks call for financing Africa’s post-Covid-19 recovery

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A global coalition of public development banks has emphasized the urgency of immediate resources for Africa’s recovery post-Covid 19. Together, they committed to deepening...

Dangote Cement, major contributor to Senegal’s economy – Envoy

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Dangote Cement Plc’s huge investment has been described as one of the major contributors to the development of the Senegalese economy. Besides, the Cement...

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