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Economy
1085 posts
FG moves to concession Ajaokuta Steel Company, receives 11 bids
About 11 companies are jostling to take over the Ajaokuta Steel Company (ASC), the Minister of Mines and…
FG to review criteria for disbursement of N500bn dev’t loans
The Minister of Finance, Budget and National Planning, Zainab Ahmed, yesterday, informed that the criteria currently being used…
ADF mobilizes $8.9bn for Africa’s low-income countries
The African Development Fund (ADF), will commit about $8.9 billion to its 2023 to 2025 financing cycle, the…
Developing countries face ‘impossible trade-off’ on debt, says UNCTAD chief
Spiralling debt in low and middle-income countries has compromised their chances of sustainable development, the head of the…
World Bank worries over debt-service payments poor countries
The World Bank has expressed concerns that the poorest countries eligible to borrow from its subsidiary, the International…
Nigerians, others in diaspora largest financier of Africa, says AfDB
The President, African Development Bank (AfDB), Akinwumi Adesina, says Africans in the diaspora are critical to Africa’s economic…
Nigeria’s Q3’22 foreign trade declines by ₦1.24trn
Nigeria’s total foreign trade in the third quarter (Q3), fell 9.7% to ₦11.59 trillion from the ₦12.84 trillion…
DMO seeks efficient tax system to tackle debt challenges
The Debt Management Office (DMO), has stressed the need for Nigeria to implement an efficient tax administration to…
LCCI tasks FG on closing leakages, others to enhance risk rating
The Lagos Chamber of Commerce and Industry (LCCI), yesterday tasked the Federal Government to close leakages to boost…
Remittances to SSA rise 5.2% to $53bn in 2022, says World Bank
Remittances to low and middle-income countries withstood this year’s global headwinds, growing an estimated 5% to $626 billion.…