Fiber-optic Cable: FG, W’Bank Begin Talks on 90,000km Project Just a few weeks after the Federal Government approved a special purpose vehicle to support the delivery of an additional 90,000 km of fibre optic cable, it has begun talks with the World Bank. The Minister of...

Improving Cross-Border Data Services By Shuaib S. Agaka The collaboration between the National Information Technology Development Agency (NITDA), the World Bank, and the World Trade Organisation marks a significant step towards realizing the potential of a digital transformation that promises to spur economic growth and development. The...

The World Bank has affirmed its 3.3 per cent economic growth forecast for Nigeria in 2024 saying the nation’s economy was mildly buoyant in the early part of the year despite macroeconomic adjustments. 

Debt Servicing Gulps $2.2bn in Five Months – CBN Nigeria’s debt servicing gulped about N2.2bn in the first five months of this year, the latest data from the Central Bank of Nigeria (CBN) have revealed. This is almost half of the $4.8bn projected for the entire...

Debt Management: CBN Calls for Transparency, Training for Professionals The Central Bank of Nigeria (CBN) has emphasised the importance of transparency in debt management and borrowing activities to build trust with investors, creditors, and the public. The CBN Governor, Olayemi Cardoso, made the call in Abuja,...

FG Gets $500m W’Bank Loan to Bolster Electricity Distribution The Federal Government has secured a $500m World Bank loan to bolster Nigeria’s electricity distribution sector, the Bureau of Public Enterprises announced on Thursday. Power distribution companies in Nigeria have been widely criticised as being the weakest...