Urgent Attention Needed: The Escalating Shilling-Dollar Exchange Crisis
The official exchange rate of the shilling against the dollar has surged past the 150-unit threshold, signaling a concerning period…
Day: October 24, 2023
African Development Bank (AfDB) Elevates Role in Kenya’s Development with Over $3.95 Billion in Loans
Over the last five years, the African Development Bank (AfDB) has significantly amplified its financial contributions to Kenya, with loans…
Urgent Appeal for Support: Addressing the Crisis Caused by Akosombo Dam Spillage
The recent spillage of the Akosombo Dam has led to widespread devastation in parts of the Volta Region, leaving thousands…
Nigerian Government Plans $10 Billion Injection to Address Forex Crisis
The Nigerian government is devising a strategy to secure $10 billion aimed at alleviating the country’s severe foreign exchange crisis,…
Manufacturing Exodus: Companies Exiting Nigeria’s Industrial Landscape
Over the past decade, Nigeria has witnessed a notable exodus of manufacturing companies, with numerous factors contributing to their departure.…
Nigerian Government Pursues Cost-Cutting Measures for Efficient Governance
The Nigerian government is implementing a series of cost-cutting measures aimed at improving governance efficiency, reducing corruption, and achieving value…
Federal Executive Council Approves $3.45 Billion Concessional Loan for Key Initiatives
The Federal Executive Council of Nigeria has granted approval for a $3.45 billion loan to fund crucial projects in various…
Central Bank of Nigeria Reports Surge in Currency in Circulation Amid Cash Transactions
The Central Bank of Nigeria (CBN) has disclosed a significant surge in Currency in Circulation (CIC) within the Nigerian economy,…
States’ Internally Generated Revenue (IGR) Marginally Increases to N1.93tn in 2022
The total Internally Generated Revenue (IGR) of states in Nigeria saw a slight rise to N1.93 trillion in 2022. This…
Nigeria Triumphs in Landmark Case Against P&ID, Saving Billions in Fraudulent Claims
In a significant legal victory, the Federal Government of Nigeria has won its case against Process and Industrial Developments Company…