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Ghana expects the International Monetary Fund to approve a first loan tranche of $600 million as soon as Wednesday, paving the way for disbursement within a week, Minister of State in the Finance Ministry Mohammed Amin Adam told Reuters on Sunday. Ghana is seeking $3 billion from the Fund to …

In August 2011, the Nigerian Export-Import (NEXIM) Bank and the Economic Community of West African States (ECOWAS) Commission on Private Sector agreed to a $61.5 million deal to have a maritime shipping company that will connect the West African coastal ports to facilitate trade. The project, seen as a watershed …

Socio-Economic Rights and Accountability Project (SERAP) has urged the World Bank President Mr David Malpass to use his “good offices to suspend any disbursement of the $800m loan to the Federal Government and to request the incoming administration to provide satisfactory explanations for the loan.” SERAP urges Mr Malpass and …

In a keynote speech, she delivered at the maiden Tertiary Education Summit themed ‘Fresh Ideas for Overhauling Nigeria’s Tertiary Education Complex’ the next day, the Vice Chancellor of the University of Benin, Professor Lilian Salami, said the country’s tertiary education needs a holistic overhaul. The Chair of the Committee of …

President of the World Trade Organisation, Dr Ngozi Okonjo Iweala, has said that for Africa to make the African Continental Free Trade Area (AfCFTA) work, we must reduce the costs on the continent, to trade with ourselves and with the global community. She stressed that the costs African exporters experience …

If the AfCFTA is implemented, trade barriers removed, long trade barriers removed and logistics transportation improved, intra continental can grow by 53% Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, stated that Africa must focus on reducing Trade Barriers, regional supply chains, economic diversification and focus on youth-led …

The Federal government has approved for implementation the first ever Nigeria investment policy (NInP), while adopting a new National Automotive Industry Development Plan (NADIP) that would span through 2023-2033. Government acknowledged that Nigeria Investment Policy would give investors more comfort and attract more investment into the economy. Both the national …

China will no longer be the world’s most populous nation. India’s population will overtake it this year at an estimated population of 1.42 billion.  It’s an epochal transition which speaks to other underlying demographic changes across the world, including the fact that China’s population has peaked and is now falling. Meanwhile, the region with the fastest-rising population – …

President Muhammadu Buhari has sent a letter to the Senate seeking approval to take a loan to the tune of $800 million from the World Bank to cushion the effects of subsidy removal. This follows the Federal Government’s April announcement of an $800 million World Bank grant targeting 50 million …

The Registrar-General and CEO of the Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, has added another feather to his cap with the conferment on him of the prestigious Fellowship of the National Labour Institute (fnli). Alhaji Garba Abubakar was honoured by the Michael Imodu National Institute of Labour Studies (MINILS) …