By Kadiri Abdulrahman The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says the country’s economic reforms are yielding visible results. Cardoso said this in Washington DC at the end of the Annual Meetings of the IMF/World Bank. He said that the reforms were placing the country onContinue Reading
By Kadiri Abdulrahman The World Bank is developing the International Finance Corporation (IFC2030) strategy to strengthen private capital mobilisation, its President Ajay Banga, said in Washington DC. Banga, who was speaking during the plenary of the annual meeting of the bank, said that such reforms were the foundation towards achievingContinue Reading
By Nana Musa The Minister of State for Finance, Dr Doris Uzoka-Anite, has reiterated the country’s commitment to structural reforms, job creation and resilient infrastructure as central pillars of its economic transformation agenda. Uzoka-Anite told journalists on the sidelines of the 2025 International Monetary Fund (IMF)/World Bank Group (WBG) AnnualContinue Reading
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
