2023 Budget: Senate Okays N8.4tn New Loan  The Senate has approved new loans totaled 8.4 trillion naira ($19 billion) to help fund an estimated budget shortfall of 10.5 trillion naira in 2023. According to Bloomberg report, Nigeria raised its domestic and foreign borrowing requirement by 15%...

As Inflation Bites Harder, African Central Banks Poised for Rate Hikes Africa’s three biggest economies are poised to raise interest rates this week as well as next week while policy makers in several other countries stake out different approaches to navigate inflation shocks and bring...

Why International Partners are Reluctant to Return our Stolen Loots - Buhari By Zeenat Sambo President Muhammadu Buhari has revealed that international partners are often reluctant to return stolen loots to the country because they fear they will be relooted by corrupt Nigerian officials. The President made...

Fed Govt Exempts Dangote From Border Closure       The Nigerian government has allowed Dangote Cement to resume exports across its land borders, Bloomberg reports. This is despite the closure of all land borders by the government for over one year. The move has, however, raised hopes that Nigeria...

Race to WTO Leadership Is Down To The Final Two Candidates     World Trade Organization members selected two final candidates -- Nigeria’s Ngozi Okonjo-Iweala and South Korea’s Yoo Myung-hee -- to advance to the final round in the race to lead the Geneva-based trade body, according...

The Federal Government of Nigeria will present the required economic reform proposals to allow the country access loan from the World Bank this month, officials and diplomats have said. The government said it would need $5billion external borrowing to support the implementation of the budget...