Nigeria is set to strengthen its economic partnerships with the Organisation for Economic Co-operation and Development (OECD) as part of a broader strategy to drive essential economic reforms and attract …
DevelopmentEconomyINVESTMENTINVESTMENT
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Economy
- EconomyEducationGhanaMorroccoNorth AfricaPoliticsTravel & TourismWestern Africa
Ghana, Morocco to Scrap Visa Requirements for Travelers
Ghana and Morocco are set to remove visa requirements for travelers between both countries as part of efforts to strengthen diplomatic and economic relations. This was disclosed by Ghana’s Minister …
For too long, many Nigerians have underestimated the power of politics. There is a common belief that as long as the economy is thriving, political issues can be overlooked. However, …
- EconomyFinance & ServicesINVESTMENTINVESTMENT
Nigeria’s Eurobond Market Faces Pressure Amidst U.S. Fed’s Steady Rates
The yields on Nigerian Eurobonds experienced an uptick last week as foreign investors adjusted their portfolios in response to the U.S. Federal Reserve’s decision to maintain its current interest rates. …
- Banking, Finance & InvestmentEconomyFinance & ServicesNigeriaWestern Africa
Nigerian Banks Borrow N9.2 Trillion from CBN to Sustain Operations
Nigerian Deposit Money Banks (DMBs) have borrowed over N9 trillion from the Central Bank of Nigeria (CBN) to maintain their operations amid a significant liquidity crunch in the financial system. …
Depot owners in Nigeria have expressed dissatisfaction with the Federal Government’s Naira-for-Crude oil arrangement, highlighting challenges in the current policy. The initiative, which began in October 2024, allows local refineries, …
- EconomyInfrastructureNigeriaTransportation & LogisiticsWestern Africa
Rewane Advocates Road Concessions to Strengthen Naira and Reduce Inflation
Bismarck Rewane, the Managing Director of Financial Derivatives Company Limited, has emphasized that concessioning Nigeria’s major roads could play a crucial role in reducing inflation, enhancing productivity, and stabilizing the …
- EconomyEnergyGOVERNMENTInfrastructureNigeriaWestern Africa
Federal Government Allocates N471.69 Billion for Electricity Subsidies in Q4 2024
The Federal Government of Nigeria has provided N471.69 billion in subsidies to support the nation’s electricity sector during the fourth quarter of 2024. This subsidy accounts for approximately 57% of …
- AgribusinessAgricultureBusinessBusiness and EconomyEconomyNigeriaWestern Africa
JR Farms and Cross River State Collaborate to Establish 30,000-Hectare Coffee Plantation
A Nigerian agribusiness company, JR Farms, has partnered with the Cross River State Government to develop a 30,000-hectare coffee plantation across the state’s 18 local government areas over the next …
As the week commences, several developments are poised to influence African markets. Financial markets exhibited mixed signals on Monday. U.S. stock futures experienced an uptick, while the dollar displayed volatility. …