By Kadiri Abdulrahman The World Bank says it has convened expert groups to plan for the return reconstruction of Gaza after cessation of hostilities with Israel, and Ukraine. The World Bank Group President, Ajay Banga, said this on Friday in Washington, at the 2025 Annual Meetings Plenary. According to Banga,Continue Reading
Thousands of mourners briefly stormed Nairobi’s international airport on Thursday to receive Raila Odinga’s body. The crowd interrupted a ceremony for the body of veteran opposition leader Odinga, flooding nearby roads and trying to breach parliament. Odinga, a major figure for decades in Kenyan politics who was once a politicalContinue Reading
By Kadiri Abdulrahman The United States says the International Monetary Fund (IMF) and the World Bank should support its efforts to secure a more balanced, prosperous, and stable global economy. The U.S Secretary of the Treasury, Scott Bessent, said this on Thursday in Washington, on the sidelines of the ongoingContinue Reading
By Kadiri Abdulrahman The World Bank says economic growth in Sub-Saharan Africa has maintained momentum amid heightened global policy uncertainty. The World Bank made this known in the October edition of Africa’s Pulse reports, biannual analysis of economic trends across Sub-Saharan Africa. It said that following a trough in 2023,Continue Reading
By Nana Musa The International Monetary Fund (IMF) has commended Nigeria’s fiscal reforms and urged the country to adopt smarter spending and stronger tax systems. The Division Chief, Fiscal Affairs Department IMF, Davide Furceri, made the statement during a news conference on fiscal monitor, in Washington on Wednesday, on theContinue Reading
By Lucy Ogalue Sheikh Abdulrahman Al-Thani, Chairman of Future Union Group, has pledged significant investments in key sectors of Nigeria’s economy to support the country’s development agenda. Al- Thani, a member of the ruling family of Qatar, said this while briefing newsmen on Wednesday in Abuja. He said that hisContinue Reading
By Mark Longyen Dr Elias-Farakhan Diomandé, Vice President, ECOWAS Small Business Coalition (ESBC), and Vice President, Organisation of Islamic Cooperation’s OIC-SMENET Bureau for Africa, has pledged to strengthen African SMEs’ visibility globally within three years. Diomandé said this in a virtual interview with the News Agency of Nigeria (NAN), followingContinue Reading
By Emmanuel Yashim Mr Wang Genxiang, the Director, CIFAL Shanghai International Training Centre, on Tuesday said the development of high-tech industries could drive the transformation and upgrading of traditional industries. Wang said this in Shanghai when he delivered a speech during the opening of a seminar on High-tech Industry andContinue Reading
By Maureen Okon The Federal Government on Tuesday deployed 12 Technical Aid Corps (TAC) volunteers to Sierra Leone and Uganda. Dr Yusuf Yakub, the Director-General of the Nigerian Technical Aid Corps (NTAC) disclosed this in Abuja on Tuesday. The News Agency of Nigeria (NAN) reports that the volunteers comprise ofContinue Reading
By Kadiri Abdulrahman The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says the country has been able to create resilience and buffers against potential shocks that may arise in the economy. Cardoso said this on Tuesday in Washington, during a media briefing by the G-24 on theContinue Reading
