Browsing: NIGERIA | NIGERIA

The President and Chairman of the Board of the African Export-Import Bank (Afreximbank), Dr. George Elombi, has urged African countries to stop the export of Lithium, the main raw material used in the production of electric vehicle (EV) batteries.

The World Bank has said that Nigeria’s biggest fiscal challenge is weak revenue mobilisation rather than excessive borrowing, urging the government to prioritise efforts to boost revenue generation to support sustainable economic growth.

In a significant step towards strengthening bilateral economic ties, India and Mali institutionalised their growing commercial partnership through the inaugural India–Mali Forum for the Promotion of Exports, setting the stage for deeper trade and investment cooperation between the two countries.

Nigerian President Bola Tinubu has inaugurated a lithium processing plant in Nasarawa State in northern Nigeria with a daily processing capacity of 6,000 metric tonnes and an annual capacity of 3 million metric tonnes.

A total turnover of 3.821 billion shares worth ₦154.393 billion in 258,567 deals was traded this week by investors on the floor of the Nigerian Exchange (NGX).

A new World Bank report released today calls for urgent structural reforms in the public finance sector and the mobilization of domestic resources in the Central African Republic (CAR) to consolidate macroeconomic stability and support human development, boost growth, and create the conditions for job creation.

The Libya Energy & Economic Summit (LEES) has established itself as Libya’s premier gateway for upstream capital, consistently unlocking multi-billion-dollar oil, gas and renewable energy agreements since its 2021 launch in Tripoli.

Nigerian President Bola Tinubu has reaffirmed his administration’s commitment to press freedom and freedom of expression as guaranteed by the Nigerian Constitution.

The equities on the Nigerian Exchange (NGX) extended the losing streak on Thursday as investors lost N878 billion amid sustained sell-offs across key oil and gas, banking, industrial and consumer goods stocks.

Nigeria has secured fresh World Bank loans amounting to $1.75 billion to support development programmes in the country.