The African Export-Import Bank (Afreximbank), has broke ground on its first-ever state-of-the-art Afreximbank African Trade Centre (AATC) in the Caribbean, marking a pivotal moment for trade relations between Africa and the CARICOM region. The bank in a statement described the $180 million
Nigeria is poised to unlock its vast energy potential and become a major player in the global energy market as the world grapples with the challenges of limited energy access. Speaking at the Sustainable Energy for All (SEforALL) Forum in Bridgetown,
Nigeria has joined the European Bank for Reconstruction and Development (EBRD), becoming its 77th shareholder. An EBRD statement disclosed that Nigeria submitted a request to join the Bank in April 2024 and the Board of Governors approved its membership in May
The United Nations World Food Programme (WFP) has said that it received a contribution of over €11 million (US$ 12 million) in 2024 from the European Union (EU) to help feed hungry families and provide support services in the conflict-affected northeast of Nigeria. WFP
The African Development Bank (AfDB) has contributed US$ 1 million from its Special Relief Fund to support emergency food response for flood- affected communities in Northeastern Nigeria following the devastating floods that hit Borno State in September 2024. According to a joint statement by the AfDB
28 states of the federation have received between $1 million and $4 million in prior results disbursements from the States Action on Business Enabling Reforms (SABER) Programme-for-Results, totalling $68.36 million as the Federal Government and the World Bank deepen collaboration
Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, has canvassed stronger economic ties with the Middle East and the Nigerian diaspora community in the region. Cardoso while speaking at a meeting with Talal Al-Humond, the Assistant Governor for
Thirty African Heads of State and government today committed to concrete reforms and actions to expand access to reliable, affordable, and sustainable electricity to power economic growth, improve quality of life, and drive job creation across the continent. The leaders
It will help realisation of $1 trillion economy by 2031, says FIRS chairman There can be no better time than now for the take-off of the National Single Window initiative aimed at eliminating bureaucratic delays in export and import processes
Developing economies—which fuel 60 percent of global growth—are projected to finish the first quarter of the 21st century with the weakest long-term growth outlook since 2000, according to the World Bank’s latest Global Economic Prospects report. Even as the global economy stabilizes
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