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Obadiah Mailafia, Former CBN Deputy Governor, Is Dead

Obadiah Mailafia, former Deputy Governor of the Central Bank of Nigeria (CBN), is dead. Details of his death are still sketchy but sources revealed that...

Nigeria To Get $3bn As IMF’s $650bn SDR Comes Into Effect

Nigeria will receive $3.35 billion as its share of the International Monetary Fund (IMF) $650bn special drawing rights (SDRs) to help boost the liquidity...

Yemisi Edun and FCMB’s Gender Equality Triumph

The recent appointment of Mrs Yemisi Edun as the Managing Director by the Board of Directors of First City Monument Bank (FCMB) Limited represents...

FG, States’ Debt Profile Rise To N32.92trn – NBS

Nigeria’s total public debt portfolio as at Dec. 31, 2020, stood at N32.92 trillion, the National Bureau of Statistics (NBS) reveals. It made the revelation...

Nigeria Endorses AfDB’s Agro-Industrial Zones

Senior Nigerian government officials and key investors have endorsed the African Development Bank’s Special Agro-Industrial Processing Zones (SAPZ) initiative. They described it as a pathway...

UN Pledges To Support AfDB’s Power Project

The United Nations (UN) has pledged to support the African Development Bank (AfDB)’s power project known as ‘Desert to Power’ initiative in Africa. A statement...

Ebonyi Road Project: AfDB Approves $70m Loan

The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its...

Nigeria Needs Cost Effective Tariff – AfDB

President of the African Development Bank (AfDB) Dr Akinwunmi Adesina has said that Nigeria needs to evolve a more effective tariff structure in order...