The International Monetary Fund (IMF) and the World Bank are strengthening the framework used to assess debt sustainability in low-income countries as governments increasingly rely on domestic borrowing amid higher …
- ELECTRICITYNigerian EconomyPower & Energy,
Nigeria’s Power Grid Faces Residential Exit as Solar Costs Fall
Nigeria’s electricity grid could face a growing loss of residential customers as falling solar equipment costs and persistent concerns over grid reliability encourage more households to generate their own power. …
- EnergyEnergy SectorPower & Energy,Renewable Energy
NSIA Launches $300 Million Renewable Energy Fund to Expand Power Access
The Nigeria Sovereign Investment Authority (NSIA) has launched a $300 million Nigeria Distributed Renewable Energy (DRE) Fund to accelerate private-sector investment in renewable energy and improve electricity access for underserved …
Vice President Kashim Shettima has arrived in New York, United States, to represent President Bola Tinubu and lead Nigeria’s delegation to the 81st Session of the United Nations General Assembly …
President Vladimir Putin’s United Russia party has secured a record 355 seats in Russia’s 450-member State Duma, according to preliminary results released by electoral chief Ella Pamfilova following the country’s …
Iran’s Revolutionary Guards have warned that they will strike new targets and deploy advanced weapons if the United States launches further attacks against the country. The warning comes nearly seven …
- MiningNewsState News
NBA Sets Up Team to Probe Deaths of 37 Suspected Illegal Miners in NSCDC Custody
The Nigerian Bar Association (NBA) has constituted a team to independently investigate the deaths of 37 people who were arrested on suspicion of illegal mining and died while in the …
Former Uber drivers who moved to other ride-hailing platforms following the company’s exit from Nigeria are facing declining earnings as lower fares, commissions and rising operating costs reduce their take-home …
- Africa EconomyAFRICA NEWSInternational
US Raises Interest Rate as Nigeria, Ghana and South Africa Prepare for Key MPR Decisions
The United States has raised its benchmark interest rate for the first time since July 2023, adding fresh pressure to monetary policy decisions expected this week in Nigeria, Ghana and …
The identities of 37 suspected illegal miners who died while in the custody of the Nigeria Security and Civil Defence Corps (NSCDC) in Niger State have been released. The victims …