Wale Edun: Africa Must Mobilise Its Own Capital to Drive Economic Transformation
Wale Edun has said africa must mobilise its own capital, crowd in global finance, and drive development through sovereign wealth funds.
Wale Edun has said africa must mobilise its own capital, crowd in global finance, and drive development through sovereign wealth funds.
Analysts have given mixed reactions to the CBN’s move to suspend dividends, bonuses offshore investments for banks under regulatory forbearance
The CBN has barred First Bank and others under regulatory forbearance from paying dividends, bonuses, or making offshore investments.
Oil prices jumped to $78.50/barrel due to Middle-East tensions, going above Nigeria’s budget benchmark of $75/barrel.
NNPC resumes monthly reports, posting N5.89tn revenue and N748bn profit in April, signaling transparency under new leadership.
Sterling Bank has launched a landmark ₦2bn scholarship scheme to empower 600 young Nigerians across key future-focused fields.
OpenAI is reportedly seeking $40 billion from global investors to fund its AI model development and ambitious Stargate infrastructure project.
The FCCPC has launched a taskforce to tackle counterfeit products, saying Nigeria’s market is flooded with fake, substandard products
Nigeria’s trade surplus hit N5.17tn in Q1 2025, driven by crude oil, as imports decline from Q4 2024 levels.
A Nigerian delegation has met with top Chinese firms, seeking to attract strategic projects to develop the steel industry
Minister Lokpobiri has hailed successful IOC asset transfers, saying they are already increasing crude production
Reuters has reported that global oil price dip and supply worries are delaying Nigeria’s $5bn oil-backed loan from Saudi Aramco
Energy Expert, Nick Agule says the 2013 power sector privatisation was “dead on arrival” due to failure to privatise transmission infrastructure.
PETROAN urges NNPC to embrace transparency and rebuild public trust, citing years of opaque operations and growing public suspicion.
Amazon is set to invest at least $20 billion in Pennsylvania to expand data centres and boost artificial intelligence infrastructure.
Peter Obi has called Intafact Beverages in Onitsha Anambra’s top revenue source, feeding 5,000 people and employing hundreds statewide.
Peter Obi insists fuel subsidy removal was necessary but says Tinubu’s execution was haphazard and failed to benefit critical sectors.
NGX plans new listings, including NNPC Limited and Dangote Petrolchemicals, to boost Nigeria’s capital market and economic growth.
Afreximbank plans ultramodern medical centres across Africa to reduce $1–$2 billion annual loss from outbound medical tourism.
CBN’s recapitalisation mandate has reshaped Nigeria’s banking sector as institutions race to meet compliance targets.
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