Nigerian Finance Minister: No Bond Sale in 2023 Due to Debt Trajectory.
The trajectory of Nigeria’s debt is manageable. The nation planned to significantly lower its key debt service-to-revenue ratio this year…
Day: January 18, 2023
The IMF’s Executive Board Authorizes a $240 million Payment to Uganda.
According to the International Monetary Fund (IMF), two reviews of a financing agreement with Uganda were approved by the IMF…
UK Inflation Decreases to 10.5% in December, While Food Costs Rise.
Although British inflation decreased last month after reaching a 41-year high in October, the pressure on households remained high as…
Wells Fargo Stock Declines as Analysts Issue Downgrades.
Wells Fargo (NYSE:WFC) stock is declining in pre-market trading as a result of analysts downgrading the banking behemoth after “tough”…
EAIF Funding Enables the Ivorian Hydro Project to Reach Financial Close.
Ivoire Hydro Energy (IHE), which will construct a 44MW hydroelectric power generation plant on the Bandama River close to the…
Biotech is Set to Acquire Instadeep.
InstaDeep Ltd., a top global technology company in the fields of artificial intelligence (“AI”) and machine learning, and BioNTech Inc.…
European Shares Decline as China Data Renews Economic Concerns.
Following China’s announcement of its weakest annual economic growth in nearly 50 years, which increased investors’ concerns about an economic…
15% of Developing Nations have Debt Problems, According to the IMF.
According to the International Monetary Fund, 15% of low-income countries are already experiencing debt distress. According to Nairametrics, the IMF…
Alleged Duty Payment Fraud is Discovered by FCCPC.
According to Babatunde Irukera, the Federal Competition and Consumer Protection Commission’s executive vice chairman and chief executive officer, some importers…
National Assembly Set to Approve Reorganization of N22.7tn Debt.
The Senate is prepared to approve the N23.7 trillion debt restructuring request made by President Major General Muhammadu Buhari (Retd.)…
Chinese Oil Demand is Expected to Increase in 2023, According to OPEC.
In a statement outlining its expectations for the state of the global economy in 2023, OPEC predicted that Chinese oil…
Nigeria: Power Output Declines by 1,713GWh.
According to the most recent industry data, power generation on the national grid fell steadily in the first and second…
ILO Warns that Nigeria’s Unemployment Rate Could Increase.
The International Labor Organization has issued a dire warning that millions of people in Nigeria and other Sub-Saharan nations run…
PenCom Endorses 181 Companies for Government Contracts.
181 companies have received permission from the National Pension Commission to conduct business with the Federal Government. In a report…