Economy
Adesina Tasks African Leaders on Turning Natural Wealth into Jobs and Economic Growth
Former President of the African Development Bank Group, Dr Akinwumi Adesina, has called for a fundamental shift in Africa’s economic priorities, urging governments...
Nigeria Energy Sector Fund Records ₦381m Profit, Revenue Rises 31%
The Nigeria Energy Sector Fund has recorded a profit of approximately ₦381 million for the financial year ended March 31, 2025, as revenue...
Missile Strike Hits Saudi Aramco Headquarters as Houthi Conflict Escalates
A missile struck the headquarters complex of Saudi Arabia’s state owned oil company Saudi Aramco in Dhahran on Tuesday night, causing a limited...
Saudi Arabia Plans Hybrid Format for Major Investment Summit After Riyadh Attacks
Saudi Arabia plans to make its flagship Future Investment Initiative a hybrid event, allowing executives and other participants to attend remotely following deadly...
IMF Warns Rising Government Debt and Borrowing Costs Put Global Economy Under Pressure
The International Monetary Fund (IMF) has called on governments to urgently rein in public spending, reduce budget deficits and bring debt levels under...
DMO Targets ₦5.75 Trillion in Bond Sales in Fourth Quarter of 2026
Nigeria’s Debt Management Office (DMO) plans to offer ₦5.75 trillion in Federal Government of Nigeria bonds in the fourth quarter of 2026 as...
IMF Raises 2026 Global Growth Forecast to 3.1% as AI Investment Supports Expansion
The International Monetary Fund (IMF) has raised its forecast for global economic growth in 2026 to 3.1 per cent, up from its previous...
Nigeria, AfDB Agree to Review Project Portfolio to Speed Up Development
Nigeria and the African Development Bank (AfDB) have agreed to conduct a joint technical review of the bank’s projects in the country, with...
