Ecobank Nigeria, a subsidiary of the Ecobank Group, the leading pan-African banking group, is partnering the Women in Mining In Nigeria (WIMIN) for its annual Gold & Gemstone Conference & Exhibition. The 3-day event scheduled for Thursday, September 26th to Saturday, September 28th will be held at the[Read More…]
Nigeria Wins Bid To Host $5bn African Energy Bank In a significant triumph, Nigeria has secured the right to host the African Energy Bank’s (AEB) $5 billion headquarters, outpacing rival bids. The decision followed a technical inspection team from the African Petroleum Producers Organisation (APPO) and Afrexim Bank, the[Read More…]
Nigeria facing worsening economic crisis, says IMF The International Monetary Fund has said stalled per-capita growth, poverty and high food insecurity have exacerbated the ongoing cost-of-living crisis in Nigeria. IMF disclosed this in a recent report titled: “IMF Executive Board Concludes Post Financing Assessment with Nigeria,” noting that Nigeria is[Read More…]
Nigeria signs $116m financing agreement with French Govt Nigeria has signed a $116 million financing agreement with the French Government to support the investment in Digital and Creative Enterprises (I-DICE) programme, an initiative led by the office of Vice President, Senator Kashim Shettima. The Minister of Communications, Innovation and Digital[Read More…]
26.5 million Nigerians at risk of hunger in 2024 – FAO Report from Food and Agricultural Organization, says 26.5 million Nigerians face the threat of hunger in the year 2024. The international organization revealed that states such as Borno, Sokoto, Zamfara, and the Federal Capital Territory (FCT) are at a[Read More…]
Nigeria Ranks 4th On World Bank Borrowers’ List With $14.3Billion Debt World Bank has ranked Nigeria fourth position on the top 10 of its International Development Association (IDA) borrowers’ lost with $14.3 billion in debt. This was revealed in a World Bank Fiscal Year 2022 audited financial statement, which[Read More…]
Ongoing Economic Reforms Will Rejuvenate Nigeria’s Economy, SEC The Securities and Exchange Commission (SEC) has commended the ongoing multi-layered economic reforms by the current administration, saying the new dispensation is capable of rejuvenating the economy and improving the standard of living of Nigerians. A statement issued by the commission[Read More…]
Uber launches electric bike in Kenya, Nigeria to follow Global ride-hailing giant Uber on Thursday launched an electric motorbike service in Kenya, as the company seeks to make its global platform emissions-free by 2040. Uber’s general manager for sub-Saharan Africa, Kagiso Khaole said the rollout in Kenya will be[Read More…]
Nigeria burns up N373b through gas flaring in H1 2023 – NOSDRA Gas flaring cost the treasury N373 billion in the first half of the year ending June (H1 2023) as the waste rose 10 per cent year-on-year (YoY) to 138.7 million metric standard cubic feet (mscf) from 126.1 mscf[Read More…]
Nigeria, Benin customs to address concerns Nigeria Customs Service (NCS) has promised to address issues of concerns with Republic of Benin Customs. This is in line with the government’s drive to facilitate trade and improve Nigeria’s economy to become globally competitive, according to the National Public Relations Officer, Chief Superintendent[Read More…]
