In 2024, Nigeria experienced an 8.9% increase in personal remittances, totaling $20.93 billion, according to the Central Bank of Nigeria (CBN). The disclosure was made in a statement released on ...
Nigeria’s total public debt reached a staggering N144.67 trillion ($94.23 billion) by December 31, 2024, reflecting a 48.58% year-on-year increase from N97.34 trillion ($108.23 billion) reported at the close of ...
The World Bank is poised to approve two new loans totaling $632 million for Nigeria on Monday, March 31, 2025. These loans aim to bolster critical sectors, specifically nutrition and ...
A recent report by Genesis Analytics, commissioned by Mastercard, projects that Africa's digital payments economy will reach $1.5 trillion by 2030. This anticipated growth is attributed to rapid advancements in ...
Benin Republic and Togo have yet to settle a combined electricity debt of $8.84 million for power supplied in the fourth quarter of 2024, according to a recent report by ...
The Federal Government will begin repaying a $500 million concessional loan from the International Development Association between 2029 and 2054. In September 2024, the World Bank approved a $500 million ...
ExxonMobil is now accepting applications for its 2025 Graduate Internship Program in Nigeria, designed to provide recent graduates with practical experience in the energy sector. Participants will receive competitive monthly ...
The World Bank is considering the approval of $1.13 billion in loans for Nigeria before the end of March 2025, aimed at bolstering economic resilience, enhancing health security, and reforming ...
President Bola Tinubu has stated that Nigeria was on the brink of bankruptcy before his administration implemented critical economic reforms. The President made this statement at the State House in ...
Nigeria and Jamaica are in talks to establish a direct flight route between both nations, a move aimed at boosting connectivity and enhancing diplomatic relations. Tunde Moshood, special adviser on ...
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