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Nigeria Misses Out In Africa’s Top Industrial Nations’ Ranking Chart – Report

A new report by the African Development Bank (AfDB), the African Union (AU) and the United Nations Industrial Development Organization (UNIDO) has revealed that Nigeria, commonly rated as the ‘Giant of Africa’, did not rank among the fast-growing industrial countries in Africa. The just published Africa Industrialization Index (AII) report indicated that 37 out of […]

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Buhari Launches Re-designed Naira Notes

….Old Notes’ Legality Deadline Remains Sacrosanct – CBN   President Muhammadu Buhari on Wednesday unveiled the redesigned N200, N500 and N1,000 Notes shortly before the weekly Federal Executive Council (FEC) meeting at the Presidential Villa in Abuja. The launching of the new Notes came barely 24 hours after the Central Bank of Nigeria (CBN) told […]

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ADF Board Approves $27.9Mn Grant For Ghana’s Agric Project

The Board of Directors of the African Development Fund has approved a $27.9 million grant to Ghana for the development of agricultural value chains in the Savannah region to increase climate-resilient production of maize, rice and soybean, support the poultry value chain, and generate employment for women and youth in the country. The grant also aims […]

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World Bank Rates Nigeria’s Public Expenditure Among Lowest Globally, Proffers Solutions

The World Bank Group has rated Nigeria’s fiscal system, in terms of revenue generation and inefficient use of resources, among the lowest globally and canvassed the need for the Nigerian governments to embark on macroeconomic and fiscal reforms to lift Nigeria’s development outcomes. The Washington D. C-based development finance institution’s latest position on the nation’s […]

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CBN Launches Countdown Clock On Old Naira Notes’ Expiration

The Central Bank of Nigeria (CBN) has launched a countdown clock on its website indicating when the old Naira notes will cease to be a legal tender. The countdown clock shows that January 31, 2023, remained the deadline for the N200, N500, and N1,000 notes to “remain legal tenders.” It would be recalled that the apex bank […]

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AfDB Board Approves $20Mn For SSA’s Renewable Energy Projects

The Board of Directors of the African Development Bank (AfDB) Group has approved an equity investment of $20 million in Evolution Fund III, a pan-African clean and sustainable energy private equity fund that is mobilising about $400 million into renewable energy and resource-efficiency assets across sub-Saharan Africa over a 10-year period. Inspired Evolution Investment Management […]

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Nigeria To Begin Rice Export As RIFAN, Firm Sign MoU

The Rice Farmers Association of Nigeria (RIFAN), has signed a Memorandum of Understanding (MoU) with Tiamin Rice company for processing and sale of rice to local and international markets. The deal was confirmed in a statement issued by the Deputy Managing Director, Tiamin Rice company, Mr Aliyu Ibrahim,  on Wednesday in Abuja The rice processing […]