Saturday, September 25, 2021

ECONOMY

4bn, €710m loans: Lai Mohammed reveals real reason Buhari govt is borrowing

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Minister of Information and Culture, Lai Mohammed, stated that President Muhammadu Buhari's administration is borrowing to develop world-class infrastructure that will benefit future generations of Nigerians. On Thursday, the minister addressed at a town hall meeting in Borno State with...

Zambian president pledges to reduce country’s deficit, restore economic development

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Zambian President, Hakainde Hichilema, stated on Friday that, his new government would execute plans to lower the fiscal deficit, restore economic growth, and reform mining rules. Hichilema said officials would also evaluate agricultural policies, revise electricity pricing, and overhaul state...

DRC agrees to IMF deal but players worry over looming purge of sector

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Democratic Republic of Congo’s decision this week to launch a programme meant to clean the lucrative mining sector is causing jitters among players who may have benefited from skewed contracts. The programme to purge the sector, Congo’s biggest source of...

Nigeria signs MoU with Arabian Chamber of Commerce to boost trade

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Federal Ministry of Industry, Trade and Investment has signed a Memorandum of Understanding (MoU) with Arabian Chamber of Commerce to facilitate  collaboration for the upcoming Expo 2020 Dubai, United Arab Emirates (UAE). Mr Ibrahim Haruna, Deputy Director/Head, Press and Public...

Nigeria records N1.8trn trade deficit in Q2’21

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Nigeria has recorded a trade deficit of N1.8 trillion in the second quarter of the year (Q2’21) even as the volume of its foreign trade rose by 23 per cent to N12 trillion from N9.8 trillion in Q1’21. Disclosing these in...

Industry and innovation are critical for Africa’s wealth generation

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According to speakers at the first edition of the Prof Calestous Juma Lecture Series on Inclusive Knowledge and Innovation, held by Kenya-based think tank African Centre for Technology Studies (ACTS), Africans have been neglecting to establish an industrial foundation...

Access Bank promotes financial inclusion with 74,000 Closa agents – Official

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 Access Bank Plc has equipped 74,000 Access Closa agents to provide financial services to customers across the country, to drive financial inclusion. Mr Robert Giles, Senior Banking Advisor, Retail, Access Bank, made this known in a statement on Friday in...

USAid: Samantha Power, in Sudan for economic talks

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Samantha Power, the head of the United States Agency for International Development (USAID), praised Sudan's transition during a visit to Khartoum on Sunday, where she reviewed the country's urgent economic and humanitarian needs with officials. Sudan has been through a...

Tunisia’s president blames the country’s financial woes on poor economic decisions

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In his first comment on the economy since exercising emergency powers to grab control of the government late Sunday, Tunisian President Kais Saied warned on Wednesday that "poor economic choices" had produced serious financial problems. In a video published by...

Lebanon appoints billionaire businessman as Prime Minister to address economic challenges

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Following meetings with several parliamentary blocs on Monday, Lebanese President Michel Aoun named a new prime minister to address the country's economic difficulties, according to the presidential palace. Najib Mikati, a 66-year-old millionaire businessman who served as premier twice, in...

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Singer Wizkid booked till 2021

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By Anita Eboigbe Nigerian singer Ayo Balogun, popularly known as Wizkid, has revealed that he has been booked for shows for the next three...

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