NIGERIA and several other developing nations could get their promised debt relief which G20 countries promised them in the wake of the Covid-19 pandemic very soon after the World Bank and the International Monetary Fund (IMF) promised to fast track payments.
Following the outbreak of the coronavirus pandemic, developing...
REMITTANCES by the Nigerian diaspora grew by a staggering 11.5% during the course of 2021 as the economic impact of the coronavirus pandemic made a lot more Nigerians dependant on their relatives living abroad.
According to a recent report by global payments company WorldRemit, remittances by the diaspora in countries like...
NIGERIA produced a total of 440.774m barrels of crude oil during the first 11 months of 2021 with a combined value of N12.4trn ($30.03bn) despite the slowdown in the global economy precipitated by the coronavirus pandemic.
Over the last two years, Nigeria has felt the full brunt of the Covid-19 pandemic as crude oil sales...
Ayo Akinfe
As we reel from the effects of the travel apartheid, I have been wracking my brains to look for a solution to the problem of the African being regarded as sub-human. No matter how you look at it, this prejudice and bias will never go away until we have an African economy that sits at the high table of humanity
Just...
Ayo Akinfe
Nigeria currently has about 21.7m unemployed people, 10.5m out-of-school children, about 3m internal refugees and 90m people living below the UN acknowledged poverty of surviving on less than $2 a day. With the economic shutdown precipitated by the Covid-19 pandemic, things can only get worse during the course of 2021
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NIGERIA'S finance minister Zainab Ahmed has asked for significant financial sector reforms that will enable the growth of Islamic finance in the economy as part of the search for investment capital required to develop infrastructure and boost manufacturing.
Despite having a massive population of over 200m people, Nigeria's...
NIGERIA Immigration Service (NIS) officials have drawn up a watchlist of about 3,964 individuals wanted for various offences whose details have been passed to all airports with instructions that they are to be arrested on sight.
According to the 2020 NIS annual report suspect index, 308 persons were placed on the watch list...
NIGERIA'S high commission to the UK has suspended its fast-track passport services indefinitely as part a major restructuring programme aimed at guaranteeing the smooth issuance of passports.
Following the recent lockdown as a result of the Covid-19 pandemic, a huge backlog of 18,000 passport applications grew at the London...
STANBIC IBTC Capital the investment banking subsidiary of Stanbic IBTC Holdings has been recognised as the Best Investment Bank in Nigeria at the recent Euromoney Awards for Excellence 2021 that took place in London.
Winning the award for the third time in four years, Stanbic has once more proven its track record in...
CENTRAL Bank of Nigeria (CBN) officials have revealed that 37 intervention programmes have now been made available to local entrepreneurs and businesses as part of an ambitious plan to help revive the economy.
Heavily dependent on crude oil for its survival, Nigeria is a mono-economy, with over 90% of federal government...
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