Goddy Ikeh
The African Development Bank has revealed that the continent loses about $1.6bn every day to illicit financial flows and profit shifting on the part of multinationals operating in Africa.
The Nigerian Exchange recorded a decline in total transactions in November 2024, dropping by 12.01 per cent to N442.34bn compared to N502.73bn in October 2024.
The World Bank has said that inefficiencies in public spending are costing developing nations, including Nigeria a significant portion of their investments.
Nigeria and China have renewed a 15-billion yuan (about $2bn) currency-swap agreement aimed at enhancing trade and investment between the two nations.
A total turnover of 1.387 billion shares worth N52.023 billion in 33,411 deals was traded this three-day trading week by investors on the floor of the Nigerian Exchange.
The Nigerian National Petroleum Company Limited (NNPCL) has unveiled the Production Monitoring Command Centre (PMCC), an initiative designed to revolutionise hydrocarbon operations and drive increased production.
A Nigerian Air Force airstrike, aimed at neutralising Lakurawa terrorists on Wednesday in Sokoto State mistakenly hit two communities in Silame Local Government Area of the state, killing several residents.
The National Bureau of Statistics (NBS) has said that African investors, excluding those from Nigeria, contributed a notable $285.11 million in foreign capital to Nigeria in the third quarter of 2024.
The World Bank has announced the removal of several loan fees to make borrowing more affordable for vulnerable countries.
The World Bank has said that more than half of those in sub-Saharan African countries, including Nigeria, face multidimensional poverty.