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Finance & Economy - Page 279

Africa·Finance & Economy·News·Top Stories

Russian Mercenaries Allegedly Fuel CAR’s Energy Crisis, Enrich Armed Networks

A new investigation has accused Russian-linked mercenaries and their local partners of orchestrating a cartel-like grip on the Central African Republic’s (CAR) fuel sector, worsening nationwide shortages and enriching criminal networks while citizens struggle to access petrol. The report, released by the

December 4, 2025

Finance & Economy

Nigeria’s Debt Stock Hits N42.7tn As Senate Approves Fresh $16bn Loans

The Senate has approved the federal government’s foreign loans request of $16bn and €1.02bn, making Nigeria’s debt stock of N35.5tn rise to N42.7tn. President Muhammadu Buhari had sought to borrow the sum of $16.2bn, €1,02bn and a grant component of $125m to

November 11, 2021

Nigerian Gov’t Spends N96 Out Of Every N100 To Pay Debt - World Bank Says, Reveals Impact

Finance & Economy

Nigeria, Others Need $429bn External Financial Support – World Bank

World Bank has disclosed that Nigeria and other low income developing countries will need $429bn external financial support between 2023 and 2025. The Bank, however, demanded debt transparency, saying it is a crucial step in countries’ development and would facilitate new investments, improve

November 11, 2021

Elon Musk Now Twitter's Biggest Shareholder

Entrepreneurship

Multibillionaire Business Mogul Musk Sells 10% Shares Of Tesla’s Holdings After Twitter Polls

Tesla chief executive Elon Musk late Wednesday night fulfilled his pledge to sell 900,000 shares of his electric car company’s stock for 1.1 billion dollars, about N451,649,000,000.00 (Four Hundred and Fifty One Billion, Six Hundred and Forty Nine Million Naira)

November 11, 2021

President Buhari express grief over tanker explosion

Finance & Economy

Nigerian Economy, Repositioned For Global Competition, Buhari Tells French investors

President Muhammadu Buhari while speaking at the Nigeria International Partnership Forum has expressed optimism that the efforts of his administration to reposition the Nigerian economy will yield the desired results. Buhari on Wednesday insisted that the Federal Government’s desire is to

November 10, 2021

Agro-Economy·Finance & Economy

Isamic Development Bank To Support Nigeria’s Agro-processing Zones With US$150m

The Islamic Development Bank (ISDB), is set to release the sum of $150million to develop special Agro-Processing Zones in Nigeria. Dr. Mansur Muhtar, the Vice President, Country Operations for the ISDB who disclosed this at the 5th Africa International Conference on Islamic

November 10, 2021

Finance & Economy

Ikoyi Building Collapse: Firm Wants Compulsory Insurance

IKOYI Building Collapse: Firm Wants Compulsory InsuranceFollowing the collapse of a high-rise block of luxury flats under construction within the Lagos metropolis, a CSL Research subsidiary of CSL Stock Brokers has called on the federal government and other regulatory agencies to enforce

November 10, 2021

Finance & Economy

CBN, Heritage Bank, Target 60% Reduction Of Yearly Wheat Imports

The Central Bank of Nigeria (CBN) in collaboration with Heritage Bank said they are targeting a 60 per cent reduction in Wheat importation with the adoption of a novel but more robust approach to boost local production and reduce. Specifically, the partnership

November 10, 2021

Finance & Economy

Zenith Bank Alerts Customers On Fake 30th Anniversary Online Giveaway

Zenith Bank PLC has alerted customers over a fake 30th anniversary online giveaway, that might be might be an attempt by cybercriminals to gain access to their bank details. The bank noted that the fake 30th anniversary online giveaway might be an

November 10, 2021

Finance & Economy

Unemployment: Population Growth Rate Exceeds Economy Capacity – Osinbajo

Vice President Professor Yemi Osinbajo has disclosed that Nigeria’s economy may not meet up with the country’s job demands due to its high population growth rate. Osinbajo made the statement during his keynote address at the fourth annual Impact Investors Foundation Conference

November 10, 2021

Agro-Economy

Rain-fed Wheat Programme Will Slash Importation By 60% -CBN

CENTRAL Bank of Nigeria has launched a strategy to cut wheat importation by 60% in Nigeria, improve production in the country in two years and save $2bn foreign exchange annually. The CBN Governor, Godwin Emefiele, said “following the successes recorded in the

November 10, 2021

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SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th November 2025

What is the dollar-to-naira exchange rate on the black market,

CBN Further Raises Benchmark Interest Rate To 27.25%

CBN Holds Interest Rate At 27% — Fourth Time In 2025

The monetary policy committee (MPC) of the Central Bank of

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Finance & Economy - Page 279

Russian Mercenaries Allegedly Fuel CAR’s Energy Crisis, Enrich Armed Networks

Nigeria’s Debt Stock Hits N42.7tn As Senate Approves Fresh $16bn Loans

Nigeria, Others Need $429bn External Financial Support – World Bank

Multibillionaire Business Mogul Musk Sells 10% Shares Of Tesla’s Holdings After Twitter Polls

Nigerian Economy, Repositioned For Global Competition, Buhari Tells French investors

Isamic Development Bank To Support Nigeria’s Agro-processing Zones With US$150m

Ikoyi Building Collapse: Firm Wants Compulsory Insurance

CBN, Heritage Bank, Target 60% Reduction Of Yearly Wheat Imports

Zenith Bank Alerts Customers On Fake 30th Anniversary Online Giveaway

Unemployment: Population Growth Rate Exceeds Economy Capacity – Osinbajo

Rain-fed Wheat Programme Will Slash Importation By 60% -CBN

Featured Stories

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Nigeria’s State Police Plans: Before We ‘Democratize’ Terrorism…

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Tinubu Hosts Chinese Envoy, Push for Deeper Strategic Partnership, Zero-Tariff Implementation

Africa Not Rising: Ex-Nigerian Central Bank Official Blames ‘GDP Delusion’

U.S. Court Jails Adekoya for 20 Years Over $2m Nationwide Bank-Fraud, Money-Laundering Scheme

Malami Rejects Terror-Financing Link, Slams Report as Baseless Political Smear

SEC Orders Full Registration of Tradable Instruments by January 2026

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th November 2025

CBN Holds Interest Rate At 27% — Fourth Time In 2025

Tinubu Hosts Chinese Envoy, Push for Deeper Strategic Partnership, Zero-Tariff Implementation

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Finance & Economy - Page 279

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