FG Pursues $750m W’Bank Loan, may Reintroduce Telecom Tax
In pursuit of securing a new $750m loan from the World Bank, the Federal Government may reintroduce previously suspended telecom tax and other fiscal measures.
This is according to the Stakeholder Engagement Plan for Nigeria – Accelerating...
$120bn Aid: W’Bank Calls Wealthy Nations to Invest in Africa
The President of the World Bank, Ajay Banga, warned wealthy countries that it would be shortsighted to “ignore” Africa at a time when development budgets are being strained by wars in Ukraine and Gaza.
African leaders...
World Bank Yet To Consider FG’s $2.25bn Loan Request – Wale Edun
The World Bank is yet to consider the approval of the federal government’s $2.25 billion loan application, which the government said would provide crucial support to Nigeria’s economic recovery efforts amidst ongoing fiscal...
How Naira Emerged World Best Performing Currency - Cardoso
The Central Bank of Nigeria (CBN) governor, Olayemi Cardoso, has explained why Naira made a remarkable rebound and emerged the world’s top-performing currency in April 2024.
Cardoso made this remark in a press briefing on the sidelines...
$30bn Required as Financial Institutes Partner to Provide 300m Africans Electricity
The World Bank and African Development Bank (AfDB) have struck a partnership arrangement to boost access to electricity in Africa.
The partnership, according to the lenders, would provide at least 300 million people in Africa...
