IMF: Ongoing Reforms Bear Fruit, But High Inflation Persists In Nigeria, Other Oil Exporting Countries
IMF has projected Nigeria’s GDP growth at 3.2% for 2025, with median inflation declining slightly amid ongoing reforms.
IMF has projected Nigeria’s GDP growth at 3.2% for 2025, with median inflation declining slightly amid ongoing reforms.
CANEX WKND 2024 concluded in Algeria, generating $540 million in deals and setting the stage for IATF 2025.
IFC has partnered with CBN to provide over $1 billion in local currency financing, boosting Nigeria’s private sector growth.
Boeing plans to raise over $15 billion in capital through stock, aiming to stabilise finances amid ongoing strike and losses.
The CEO of Wise, Kristo Käärmann, has been fined £350,000 by the FCA for failing to disclose significant tax issues.
Dangote has invested over $280m in CNG infrastructure, aiming to transition its fleet to cleaner, affordable energy sources by 2026
Zenith Bank has retained “Bank of the Year” title, affirming its resilient leadership and dedication to Nigeria’s evolving financial landscape.
Air Peace celebrated its 10th anniversary with a grand event in Lagos, highlighting a decade of resilience and growth.
Tony Elumelu is set to co-chair New African Summit at the Future Investment Initiative, focusing on sustainable investment for Africa’s future.
The CBN has reported foreign investors’ transactions reached N696.88 billion in 2024, the highest since 2018.
CBN’s Cardoso has expressed confidence in achieving $1bn in monthly remittances by addressing diaspora concerns and strengthening financial reforms.
Alibaba has agreed to a $433.5 million settlement in a US class-action lawsuit which alleged it engaged in monopolistic practices.
A Delaware jury has determined Masimo’s early smartwatches violated Apple’s design patents, adding momentum to their ongoing IP battle.
Dangote Refinery has made its first sea shipment with 500,000 barrels of petroleum products to Lagos
Petrol Tanker Drivers have warned of potential withdrawal of trucks in protest against police taskforce’s wrongful impoundments of tankers
Mercedes Benz has reported dismal Q3 results with a 64% drop in core car division earnings
The NBS is set to rebase Nigeria’s GDP and CPI in November to accurately reflect current economic realities
Ndiame Diop says Nigeria’s economic reforms will prevent fiscal crisis, stabilise the economy and improve framework for private investment.
CBN has asserted that old N200, N500, N1,000 notes will remain valid beyond 2024, refuting House of Reps proposed phase-out
Afreximbank has committed $3 million to Mediwood Studios for expansion, the strengthening of Tunisia’s film industry.
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