Global Business

The World Bank emphasizes the imperative for Nigeria’s cash transfer program to extend its reach to households

Merely 0.1% of the intended impoverished and vulnerable households have thus far received the Federal Government's newly introduced monthly cash transfer of N25,000. The World...

The Agro-Cargo Airport in Ogun poised to elevate Nigeria’s economy, according to the Federal Government

The Minister of Finance and Coordinating Minister of Economy, Mr. Wale Edun, highlighted that upon completion, the Ogun State Agro-Cargo Airport will significantly improve...

Billionaire philanthropist Mackenzie Scott donates $12 million to Howard University

Mackenzie Scott, ranked as the world's fourth-richest woman by Forbes and Jeff Bezos's ex-wife, has generously donated $12 million to Howard University College of...

Nigeria emerged as the primary recipient of World Bank credit in 2022, securing $2.9 billion in new loans, according to a report

The World Bank has revealed that Nigeria secured the highest amount of fresh loans in 2022, receiving approximately $2.9 billion. Tanzania followed closely with $2.7...

COP28: Adesina from the AfDB warns that Africa stands to face an annual loss of $25 billion due to the upcoming EU carbon tax

Dubai, December 6, 2023 — Dr. Akinwumi Adesina, President of the African Development Bank Group, has cautioned that the proposed EU carbon border tax...

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