40% of bank savings now in dollars in Nigeria – IMF
Over 40 per cent of deposits in local banks are now in United States (U.S.) dollars, the International Monetary Fund...
Economy/Technology
Ajay Banga Selected 14th President of the World Bank
The Executive Directors of the World Bank have selected Mr Ajay Banga as President of the World Bank for a...
What is happening to Kenya’s economy
Kenya’s economy grew by 4.8 percent in 2022, a slower pace than 7.6 percent recorded the previous year, the statistics...
Despite cash pressure, Rwanda repays $400m Eurobond
Rwanda has successfully repaid its $400 million Eurobond despite pressure on the country’s coffers that have come under intense pressure...
The issues on latest Kenya’s loan from China
China’s loans for President William Ruto’s first full-year budget will be the smallest in 16 years as Beijing adopts a...
New homes for displaced persons in Borno excites Buhari
President Muhammadu Buhari welcomes the completion and delivery of 300 housing units of two-bedroom each and other livelihood enhancing infrastructure...
Buhari launches long term development plan
President Muhammadu Buhari has launched a new long-term national development plan, the Nigeria Agenda 2050 (NA 2050). The plan aims...
Afreximbank launches US$3b Programme with Kenya
African Export-Import Bank (“Afreximbank” or the “Bank” on 2 May 2023 in Nairobi signed a US$3 billion Country Programme with...
Minister urges Nigeria to take advantage of AGOA to grow its economy
The Minister of Industry Trade and Investment, Otumba Adeniyi Adebayo says Nigeria must take advantage of the African Growth Opportunity...
23 ships with assorted goods expected at Lagos ports
The Nigerian Ports Authority (NPA) on Tuesday said 23 ships conveying petroleum products and other goods were being expected at...
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