Goddy Ikeh
Nigeria’s Minister of Power, Chief Adebayo Adelabu, says the Federal Government of Nigeria is commitment to implement a cost-reflective tariff in the electricity sector as a key step toward resolving the liquidity crisis in the industry.
At the Fourth International Conference on Financing for Development (FfD4), African countries made a strong case for overhauling the global financial system to reflect current development realities and risks.
Over the past two years, Nigeria, Africa’s most populous country, has implemented difficult reforms to tackle long-standing obstacles weighing on the economy. While the reforms are starting to show results, poverty and food insecurity remain high, and the uncertain global environment presents additional challenges.
A special chamber of the N’Djamena court on Tuesday acquitted journalist Monodji Mbaidiguim Olivier, Editor-in-Chief of Le Pays newspaper and Radio France Internationale’s (RFI) correspondent in Chad along with 15 fellow journalists, ordering their release after several months in detention.
The young people of the ECOWAS region have declared that they are ready to be agents of change and assume their duties as true citizens of West Africa.
Nigerian President Bola Tinubu says that his administration has deployed adequate funding to critical sectors of the Nigerian economy in order rebuild public trust and promote inclusive development of the entire country.
The Nigerian Exchange Limited (NGL) opened the week on a bullish note, the All-Share Index gained 0.31 per cent on Monday, adding N193bn to investors’ wealth.
The Credit Fund of the AfCFTA Adjustment Fund has successfully closed its first investment, committing US$10 million to Telecel Global Services Ltd, through a senior secured amortising loan. The transaction marks a significant milestone in the operationalisation of the Fund.
The Lagos State Government, through the Ministry of Commerce, Cooperatives, Trade, and Investment, has partnered with the Africa Export-Import Bank (Afreximbank) and not-for-profit organisation ImpactHer to launch the Lagos SMEs Export Readiness Programme for Small and Medium Enterprises.
Nigeria’s Vice President, Kashim Shettima, has said that the Nigerian Government is discussing with global financial institutions to secure over $60m in climate finance for pilot green energy hubs, including a transformative hybrid energy project at a major Nigerian airport.