By Nana Musa The Minister of State for Finance, Dr Doris Uzoka-Anite, say the country has gained global investors’ confidence. Uzoka-Anite disclosed this to journalists on the sidelines of the 2025 International Monetary Fund (IMF)/World Bank Group (WBG) Meetings, in Washington. She that the investors’ interest in the country’s economyContinue Reading
By Nana Musa The Director-General (D-G) of National Information Technology Development Agency (NITDA), Kashifu Abdullahi, says the country is strategically positioning itself to lead Africa’s digital transformation. Abdullahi said this in Washington, on the sidelines of the 2025 IMF/World Bank Group Annual Meetings. He said that Nigeria was taking theContinue Reading
By Taiye Olayemi The Nigerian stock market extended its positive momentum on Friday, marking the third consecutive bullish session. The market’s upward movement was driven by gains in equities like: Eunisell Interlinked, UPDC, Sovereign Trust Insurance, Universal Insurance, Daar Communications and 34 other stocks. The market capitalisation increased by 0.42Continue Reading
By Kadiri Abdulrahman The Development Committee of the IMF/World Bank Group says the global economy is undergoing a profound transformation and facing elevated uncertainty, bringing challenges. Ms Elisabeth Svantesson, the Chair of the committee said this in a statement on Friday in Washington. Svantesson, who is also Sweden’s Minister forContinue Reading
By Grace Alegba The Naira depreciated on Friday, trading at N1,475.35 to the Dollar at the official foreign exchange market, according to figures released by the Central Bank of Nigeria (CBN). The decline marked the end of a week characterised by fluctuating performance, during which the local currency experienced steadyContinue Reading
By Nana Musa The Chairman of Heirs Holdings and United Bank for Africa (UBA), Tony Elumelu, has urged African governments to unlock the continent’s vast pension funds. Elumelu made the call during the inauguration of the white paper on mobilising over four trillion dollars untapped domestic capital across Africa, presentedContinue Reading
By Kadiri Abdulrahman The Central Bank of Nigeria (CBN) and the Bank of Angola have signed a Memorandum of Understanding (MoU) to foster closer bilateral relations and enhance capacity in central banking operations. The signing ceremony took place in Washington D.C, on the sidelines of the ongoing Annual Meetings ofContinue Reading
By Nana Musa The Director of the African Department in the International Monetary Fund (IMF), Abebe Selassie, says Sub-Saharan Africa shows resilience amid global economic headwinds. Selassie said this during a news conference on the regional economic outlook for Sub-Saharan Africa at the 2025 Annual Meetings of the IMF andContinue Reading
By Kadiri Abdulrahman The International Monetary Fund (IMF) says the global economy has improved tremendously amid uncertainty. The IMF Managing Director, Kristalina Georgieva, gave the description in Washington while making a presentation on the “Global Policy Agenda” at the ongoing Annual Meetings of the World Bank Group. According to Georgieva,Continue Reading
By Rukayat Moisemhe Bank of Industry (BoI) has signed a Memorandum of Understanding (MoU) with Bumpa, a Nigerian digital platform, to empower youth-led Micro, Small and Medium Enterprises (MSMEs) through digital innovation and expanded market access. Dr Olasupo Olusi, Managing Director,Continue Reading
