World Bank Scraps Loan Fees To Aid Vulnerable Nations, Projects 10% Drop in Global Commodity Prices by 2026
World Bank has removed fees on IBRD loans, increasing lending capacity by $150bn to support vulnerable nations.
World Bank has removed fees on IBRD loans, increasing lending capacity by $150bn to support vulnerable nations.
With N600bn in share capital, Access Bank has surpassed CBN’s requirements by N100bn, the first in Nigeria to do so.
Apple nears $4 trillion valuation as AI integration and iPhone supercycle excitement drive shares up $500 billion since November.
NCAA has sanctioned five airlines for refund delays, flight disruptions, luggage issues, and regulatory breaches.
Tinubu’s economic reforms improve Nigeria’s credit profile, supported by successful $2.2 billion Eurobond issuance, Fitch ratings have disclosed.
Niger Delta stakeholders demand reversal of 2024 oil bloc licencing, citing alleged violations of the Petroleum Industry Act and discrimination.
President Tinubu has highlighted Nigeria’s lithium reserves and CNG potential to attract automobile assembly and create jobs.
Tinubu has defended borrowing, calling it essential to correct economic mismatches and invest in long-term projects for national prosperity.
Honda and Nissan plan a merger to create the world’s third-largest automaker, aiming to finalise the deal by 2025.
NADDC has announced plans for new auto industrial park to support local manufacturers and reduce production costs
NACCIMA has partnered with the Federal Ministry of commerce to enhance business competitiveness and economic growth in Nigeria.
Nigeria’s petrol prices are now ranked among the highest in Africa after subsidy removal, despite being a top oil producer.
Overland Airways has launched Lagos-Banjul flights, aligning with SAATM and AfCFTA goals to boost intra-African trade and tourism.
Saipem, with KOA Oil & Gas and AVEON Offshore, has secured a $1bn Shell contract for Nigeria’s Bonga North Project.
Air Peace has explained passenger rush video, citing harmattan haze delays, with three aircraft deployed to airlift passengers from Abuja
Minister Bosun Tijani has highlighted the importance of long-term connectivity solutions for Nigeria’s growth, security, and digital economy.
NNPC is set to finalise a $2bn crude-backed loan, aiming to increase oil production and sustain operations.
NACCIMA and BOI have signed a MoU for a N75bn intervention fund to support MSMEs nationwide.
Lagos State has gained regulatory control over its electricity market as LASERC assumes oversight of power distribution.
FDC MD Rewane has criticised Nigeria’s $1trn GDP goal, highlighting lack of strategy and slow economic progress in recent years.
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