Nigeria’s Foreign Reserves Dip by $4.07 Billion in 11 Months, Hits $33 Billion
Nigeria’s foreign reserves experienced a substantial decline of $4.07 billion in the first 11 months of 2023, settling at $33…
Day: December 6, 2023
Sovereign Wealth Funds Face Challenges in Scaling Climate Investments Despite Urgency
Sovereign wealth funds, controlling nearly $12 trillion in assets, encounter significant hurdles in rapidly increasing climate investments despite the pressing…
World Bank President Urges Record Funding for IDA to Meet Growing Demands
World Bank President Ajay Banga has called on member countries to make the next replenishment of the International Development Association…
Nigerian President Orders Probe into Deadly Military Drone Attack in Kaduna”
Nigeria’s President Bola Tinubu has ordered a comprehensive investigation into a military drone attack over the weekend that resulted in…
Unprecedented Wealth Transfer: Over 1,000 Billionaires to Pass Down $5.2 Trillion in Next Decades
An extraordinary wealth transfer is on the horizon, as the UBS Billionaire 2023 report reveals that more than 1,000 billionaires…
Mastercard Foundation Africa Growth Fund Expands Portfolio with Strategic Investments in Chui Ventures, VestedWorld, and SME Impact Fund
The Mastercard Foundation Africa Growth Fund has achieved a significant milestone by making strategic investments in three Investment Vehicles (IVs):…
Controversial Pricing Shift Raises Concerns Over Nigeria’s Oil Revenue Stability
The Nigerian National Petroleum Corporation (NNPC) is implementing a contentious shift in how it prices its crude cargoes, causing uncertainty…
Increased Fuel Prices Lead to Soaring Interstate Travel Costs for Nigerian Holidaymakers
Holidaymakers in Nigeria, especially those travelling from major cities like Abuja and Lagos to their country homes, are facing higher…
Soaring Diesel Prices Hit Container Haulage, Threaten Christmas Shopping in Nigeria”
As the Christmas season approaches, shoppers in Nigeria face the threat of struggling to purchase goods due to the impact…
EFCC Presents N76.586 Billion Budget to House Committee, Citing Need for Vigilance and Expanded Operations
The Economic and Financial Crime Commission (EFCC) defended a budget of N76.586 billion for the next financial year, 2024, before…
Senate Summons Nigerian Ports Authority Over Terminal Operators’ $1.85 Billion Debt”
The Senate Public Accounts Committee has summoned the Nigerian Ports Authority (NPA) to provide explanations for the outstanding funds owed…