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Inflation, bond selloff trigger global stock market slump
Global stock markets faced downward pressure on Thursday, as the recent surge in inflation and a widespread bond selloff continued to affect investor sentiment, Reuters reported. The U.S. dollar remained near its highest levels in over a year, while U.S. Treasury yields saw an uptick following recent signs of resilience in the U.S. economy, which Read
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Power stagnates at 4,500MW despite $3.23bn loans
Nigeria’s electricity generation has continued to hover around an average of 4,500 megawatts despite the country securing loans totalling over $3.23bn in about four years from international financial institutions. Global institutions such as the World Bank, the African Development Bank, and the Japan International Cooperation Agency have supported the power sector with billions of dollars Read
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Resetting the economy: livestock industry localisation critical
By Ernest Bako WUBONTO Efforts to reset Ghana’s economy must include significant reforms in the agriculture sector, particularly the livestock sub-sector, to correct structural weaknesses, boost efficiency and promote sustainable growth. In 2023, the country imported meat and edible meat offal worth US$210.13 million, according to data from the United Nations COMTRADE database. Additionally, the […]The post Resetting the economy: livestock industry localisation critical
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CBN suspends export proceeds repatriation extension
The Central Bank of Nigeria (CBN) has suspended approvals for the extension of export proceeds repatriation.The post CBN suspends export proceeds repatriation extension appeared first on The Guardian Nigeria News - Nigeria and World
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EDITORIAL
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Chinese foreign minister pledges military aid...
Chinaese Foreign Minister Wang Yi on Thursday pledged Beijing's full support and military aid for the world's poorest continent as he wrapped up his Africa tour in
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Nigerian Breweries, varsities get permits to ...
Amid the high cost of electricity and incessant power fluctuations, Nigerian Breweries Plc has got approval to generate captive power in its offices located in Abia, Oyo, and Enugu states. Cumulatively, Nigerian Breweries is generating up to 41MW in the four stations. The Nigerian Electricity Regulatory Commission disclosed this in a report, saying the permits Read
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SEC plans framework for sustainable governmen...
The Securities and Exchange Commission has announced plans to enhance the regulatory framework for borrowing by governments and corporates, emphasising sustainability and efficiency in the financial system. According to a statement on Wednesday, the Director-General of the Commission, Dr Emomotimi Agama, made this known during a recent interview, highlighting the importance of borrowing in driving Read
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Kano-Kaduna railway project gets $254.76m lif...
The China Development Bank (CBD) has approved a $254.76 million (€245m) loan to support the ongoing Kano-Kaduna railway project.The post Kano-Kaduna railway project gets $254.76m lifeline from Chinese bank appeared first on The Guardian Nigeria News - Nigeria and World
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Nigeria to expand credit access to citizens...
Isaac Anyaogu (Reuters): Sierra Leone Telegraph: 08 January 2025: Nigeria will establish a national credit guarantee company in May to lend to businesses and individuals, President Bola Tinubu said in an speech last Wednesday. Tinubu, who took office in May 2023, campaigned on economic reforms including expanding credit access to [Read
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Fri 25th October, 2024
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