The World Bank Group today announced an ambitious plan to support countries in delivering quality, affordable health services to 1.5 billion people…
Economy
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Central Bank of Nigeria CBN has in a circular to Deposit Money Banks titled “Re: Regulatory Measures to Improve Lending to the…
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The global economy is expected to expand at a 3.2% pace, the same pace as last year. This is below the annual…
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Minister of Solid Minerals Development, Dr Dele Alake, Tuesday, placed indefinite suspension on mining activities around the Obafemi Awolowo University, OAU, and…
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EconomyNews
Uncertainty, amidst conflict, indebtedness, weighs on the outlook for the Middle East, North Africa—WBG
The World Bank’s new Middle East and North Africa economic update, entitled Conflict and Debt in the Middle East and North Africa, shows that…
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National Bureau of Statistics has said that Nigeria’s headline inflation rate nudged higher to 33.2% y/y in March 2024 from 31.7% y/y…
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Nigeria has recorded its fifth power system collapse in 2024, thus throwing many parts of the nation into darkness. Already, many Electricity…
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EconomyFinanceNews
World Bank sounds alarm on ‘historical reversal’ of development for poorest nations
World Bank has said in a report that half of the world’s 75 poorest countries are experiencing a widening income gap with…
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The Executive Board of the International Monetary Fund (IMF) said it has selected Kristalina Georgieva to serve as IMF Managing Director for…
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A bipartisan group of senators will introduce a bill to renew the United States’ trade pact with sub-Saharan Africa ahead of its…
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A top U.S. Treasury official on Thursday will call for decisive, coordinated action by official bilateral creditors to address the worsening financial…
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Suspended Minister of Humanitarian Affairs, Betta Edu sues BBC over report linking her to the recovery of N30 billion by the Economic…
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The 15th World Economic Forum Annual Meeting of the New Champions will take place 25-27 June 2024 in Dalian, People’s Republic of…
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EconomyNews
African economies projected to grow by 3.4 % in 2024, faster more equitable growth needed to reduce poverty—WBG
World Bank Group has said that increased private consumption and declining inflation are supporting an economic rebound in Sub-Saharan Africa. However, the…
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International Monetary Fund has said in Blog post that private credit market, in which specialised non-bank financial institutions such as investment funds…