Tag: World Bank
166
Nigeria’s Remittances Flow Gained 11.2% In 2021 On CBN Dollar Scheme
The World Bank’s says in its latest Migration and Development Brief that remittance inflow to Sub-Saharan Africa soared 14.1% to $49bn in 2021, after...
NGX Index Rebounds, Awaits Positive News, Amid Mixed Trend, Repositioning
Market Update for June 8
Nigeria’s equity market continued its volatility on Tuesday after the benchmark NGX All-Share Index closed higher, revers...
CBN Eyes N7.5tr Market, Unveils Solar Intervention Facility Framework
As part of efforts to boost job creation and generate affordable off-grid electricity across the country, particularly in rural communities across th...
Senate Approves FG’s $5.513bn Borrowing Plan, Amends MTEF/FSP
Adopts $28pb, 1.8mbpd Of Oil
The Nigerian Senate, on Tuesday, approved a request by the Federal Government to borrow $5.513bn from external source...
FinTech, Digital Operation Is Future Of Banking, Post-COVID, Says Unuegbu
•Urges Banks To Help Customers Survive Shock
Managing Director of Maxifund Securities Limited, Mazi Okechukwu Unegbu, at the weekend in Lagos challen...
CBN Forecasts 2.28% Growth For Nigeria’s Economy In 2019
Barely one day after the International Monetary Fund (IMF) published its January 2019 World Economic Outlook (WEO) projecting that Nigeria’s economy w...
Nigeria’s Foreign Reserves Falls 5.21% To $41.99bn In October
Data on the website of the Central Bank of Nigeria (CBN) on Thursday showed a $2.309bn drop in foreign reserves in the first 30 days of October, 2018....
IMF To Help Nigeria, Others Improve Debt Management Capacity
Following its worry about rising debts levels among low income and emerging market countries of the world, including Nigeria and other fellow African ...
Africa’s Borrowing From China Rises To $190bn Since 2000
China's President Xi Jinping, on Monday pledged a new $60bn facility in the form of aid, investment and loans to Africa, amidst lingering concerns ove...
W’Bank Approves $2.1bn Loans For Electricity, Governance Projects In Nigeria
Amidst complaints over mounting debts by the Nigeria government, the World Bank on Thursday, approved a $2.1bn in concessionary loans to fund projects...