President Faye seeks support for economic reforms and debt restructuring Senegal’s President Bassirou Diomaye Faye is in Washington for talks with international financial institutions as his government works to deal with the country’s debt challenges. Faye is scheduled to meet IMF Managing Director Kristalina Georgieva to discuss Senegal’s economic situation and reform programme. Senegal has […]
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New funding targets municipal infrastructure across the country South Africa has secured a $1 billion loan from the New Development Bank to support infrastructure improvements in municipalities. The loan has a 16-year maturity period, including a three-year grace period. The money is expected to support important urban infrastructure projects. Infrastructure remains a major issue in […]
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Naira Holds at About ₦1,326/$ at Official Market The naira was quoted at about ₦1,326.30 to the US dollar at the official Nigerian Foreign Exchange Market, based on the Central Bank of Nigeria’s latest published rate for September 14. The exchange rate remains one of the biggest economic issues facing Nigerians because movements in the […]
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Government Seeks ₦1 Trillion From Investors The Debt Management Office has opened a ₦1 trillion Federal Government bond offer as the government continues to raise money from the domestic capital market. The offer consists of a new ₦400 billion 10-year bond maturing in 2036 and a ₦600 billion reopening of an existing bond due in […]
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Nigeria Targets $100 Billion Tourism and Creative Economy The Federal Government is stepping up efforts to make Nigeria a stronger tourism and entertainment destination through the “Ember to Remember 2026” campaign. The programme is a coordinated 100-day national tourism season running from September to December, bringing together cultural events, tourism destinations, festivals and creative activities. […]
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Economic Growth Gives Nigeria Fresh Hope, But Bigger Challenges Remain Nigeria’s economy grew by 4.43% in the second quarter of 2026, strengthening the government’s argument that economic reforms are beginning to produce results. The growth was supported by activity across agriculture, manufacturing and services. Government officials say the performance is part of the country’s wider […]
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Nigeria, India Move to Rebuild Trade as Modi Seeks More Nigerian Crude Nigeria and India are working to rebuild their economic relationship and return bilateral trade to its previous high of almost $15 billion. The issue came up during a meeting between Vice President Kashim Shettima and Indian Prime Minister Narendra Modi on the sidelines […]
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South African President Cyril Ramaphosa is in New Delhi for the 18th BRICS Summit, where leaders are discussing trade, investment, technology, energy and global security. The summit brings together the expanded BRICS membership, including South Africa, Egypt and Ethiopia. The meeting comes at a time of growing tension over global conflicts, international trade and the […]
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Nigeria’s economy is showing signs of recovery, but an important question remains: Is economic growth translating into better lives for ordinary Nigerians? The National Bureau of Statistics says Nigeria’s real GDP grew by 3.89% year-on-year in the first quarter of 2026, compared with 3.13% during the same period in 2025. The non-oil sector remains the […]
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LAGOS — Nigeria’s adoption of 5G mobile technology has increased sharply, with 5G connections rising by about 41 per cent in the year to June 2026. According to figures from the Nigerian Communications Commission, 5G accounted for 4.61 per cent of mobile connections in June, compared with 3.27 per cent a year earlier. 4G remains […]
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