World Bank: Nigeria, Sub-Saharan Africa to Pay $20bn Debt Interest in 2025
Sub-Saharan Africa, including Nigeria, will pay $20bn in debt interest in 2025, largely owed to private creditors, World Bank Says.
Sub-Saharan Africa, including Nigeria, will pay $20bn in debt interest in 2025, largely owed to private creditors, World Bank Says.
The Nigerian government is set to re-evaluate the current fiscal regime offered to the steel industry to boost local production
Trump’s $Trump coin has surged 70% after announcing gala dinner and VIP reception for top 220 token holders in May.
Air Peace has suspended flights nationwide, saying “flight safety cannot be guaranteed” during NiMet strike.
US stocks have slumped and the dollar has weakened amid Trump’s escalating feud with Federal Reserve boss Jerome Powell
A survey has revealed that systemic issues, including weak regulatory capacity and inconsistent policy implementation, continue to dampen investor confidence.
Despite economic challenges, Nigerian banks granted N65.6 trillion in loans in 2024, marking a 41.2% increase.
CBN data has shown that foreign investors piled into Nigeria’s money market, pushing capital inflows to $2.06bn.
Cardoso reaffirms CBN’s commitment to reforms, emphasising transparency and policy consistency to restore confidence in Nigeria’s economy.
Nine Nigerian banks have reported N186.3 trillion total assets in 2024, marking a 53% growth from 2023 results.
IMF has lauded Nigeria’s economic reforms, but warned that inflation, oil prices and insecurity could threaten outlook.
Air Peace has suspended flights to Enugu due to runway safety concerns, redirecting operations temporarily to Asaba Airport instead.
FG launches BisonFly project to reduce air travel costs across Ministries, Departments, and Agencies (MDAs) using technology-driven system.
Umar Sadiq has revealed the NSIA has committed $10.33 billion to economic development, supporting jobs, infrastructure, housing, and youth empowerment.
Dangote Refinery has announced its second petrol price cut in a week, with gantry price now at N835 per litre
Access Holdings has revealed that it recorded 88% growth in gross earnings, rising from N2.594trn in 2023 to N4.878trn in 2024.
CBN has granted a finance company licence to Ascensia, warning it could be revoked over regulatory breaches, false claims.
Nigeria’s recent GDP growth of 3.4 per cent, the strongest since 2014, has earned commendation from the World Bank.
NMDPRA’s Ahmed has blamed global crude price slump on US President Trump’s aggressive and inconsistent tariff policies since taking office.
Boeing shares fall as China halts jet deliveries, escalating trade tensions between the world’s two largest economies
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