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Economy & Finance

Debt crisis

ECA Warns of Worsening Debt Crisis Across Africa

The ECA warns of worsening debt distress across Africa, with 40% of countries affected, and ...
  • 26 November 2024
  • Africa
UNDP

Researchers, Experts Propose Strategies for Africa’s Development Challenges

At the African Economic Conference 2024, experts proposed strategies for addressing Africa’s development challenges, emphasizing ...
  • 26 November 2024
  • Africa
Nigeria GDP

Nigeria’s GDP Grows by 3.46% in Q3 2024, Driven by Non-Oil Sectors

Nigeria’s GDP grew by 3.46% in Q3 2024, driven by the services sector, while the ...
  • 25 November 2024
  • Business
Bank of Africa

AfDB Grants €15 Million Guarantee to Bank of Africa Benin to Boost Local Businesses

The African Development Bank grants a €15 million guarantee to Bank of Africa Benin, supporting ...
  • 23 November 2024
  • Benin
Bond yield

Nigeria’s Seven-Year Bond Yield Reaches Record High

Nigeria’s seven-year bond yield reaches a record 17.48%, driven by rising inflation, fiscal pressures, and ...
  • 21 November 2024
  • Business
Inclusive Stock Market

A Practical Framework for Inclusive Stock Market Participation in Emerging Economies

Financial literacy is one of the most powerful yet underutilized tools for economic empowerment, especially ...

  • 20 November 2024
  • Business
$32M Discrepancy

World Bank Uncovers $32M Discrepancy in Nigeria’s Water Sector

The World Bank uncovers a $32M discrepancy in Nigeria’s water sector projects, prompting calls for ...
  • 18 November 2024
  • Economy & Finance
Capital Raise

FBN Holdings Approves Capital Raise and Dividend Amid Brand Transition

FBN Holdings shareholders approve N350 billion capital raise, N14.36 billion dividend, and First Bank’s rebranding ...
  • 18 November 2024
  • Business
Nigeria's Inflation Rate Climbs to 33.88% Amid Soaring Energy Costs

Nigeria’s Inflation Rate Climbs to 33.88% Amid Soaring Energy Costs

Nigeria's inflation rate hits 33.88% in October, driven by soaring energy costs and structural inefficiencies, ...
  • 17 November 2024
  • Business
Foreign Debt

Nigeria Spends $3.5 Billion on Foreign Debt Servicing in Nine Months, Economists Raise Concerns

Nigeria spends $3.5 billion on foreign debt servicing in nine months, raising concerns among economists ...
  • 15 November 2024
  • Business
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Today in History

In 1984, a Canadian farmer began renting advertising space on his cows.

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