Stopping the accursed $22b loan bid
By Chido Nwakanma Relief has been the dominant emotion on news that the Federal Government has halted the ill-fated quest for a $22.7b foreign loan to tackle what it called infrastructure projects. Finance Minister Mrs Zainab Ahmed announced the decision…
Interswitch’s boss, Elegbe wins African Banker icon Awards, as BoI lead inclusion
Winners of the 2019 edition of the African Banker Awards emerged Wednesday at a prestigious Gala Dinner in Malabo, Equatorial Guinea. The Awards took place in Malabo, Equatorial Guinea, on the sidelines of the African Development Bank Annual Meetings which…
Engage more on African economies, AfDB begs US investors
From Europe to United States of America, the President of the African Development Bank, Nigeria’s Akinwumi Adesina, has called on American deep pocket investors to shift attention to African economies. Speaking at a high-level dialogue in Washington D.C. on the…
Nigeria still missing in top 5 growing African economies
Chances of Nigeria rising again to top five growing economies in Africa have been cut short by production statistics rolled out by the Nigerian Bureau of Statistics (NBS) and several international rating agencies and global financial monitoring institutions. Latest third…
AfDB Board of Governors meeting to review ‘Accelerating Africa’s industrialization’
The 53rd Annual Meeting of the Board of Governors of the African Development Bank and 44th Meeting of the Board of Governors of the African Development Fund, the concessional arm of the Bank Group, are scheduled to take place from…
FG silent on taking over of 10-lane Lagos-Badagry highway from state
—Says committed to Lagos-Abidjan Highway realization Since Friday last week, analysts were facing issues in placing the level of commitment of the federal government on the Lagos-Abidjan ECOWAS highway considering the fact that the Nigerian end of the scheme is…
Adesina opens up on how his policies as Minister spurred Dangote to invest $1bn in rice
Former Minister of Agriculture and Rural Development and current president of the African Development Bank (AfDB), Dr. Akinwunmi Adesina revealed what happened on his happiest day in office as Minister of the federal Republic of Nigeria. Speaking at the Mo…
IMF set to warn Nigeria on current CBN’s forex ‘cosmetology’, way out of recession
Before the end of this week, the International Monetary Fund (IMF) is expected to issue an unflattering warning embedded report on the Federal Government’s economic policies. Key in the expected warning may include that the ongoing forex saturation policy of…
