The The World Bank Group (WBG) has expressed its readiness to help in increasing assistance to Nigeria’s poor and vulnerable. Nigeria’s Vice President, Prof. Yemi Osinbajo, in a tweet on Friday, said he met with WBG President, David Malpass, and discussed a wide range of issues relating to climate, energy, investment, exchange rate, and poverty […]
The African Development Bank (AfDB), has estimated that Sub-Saharan African countries will require between $68 billion to $108 billion annually to the bridge their current infrastructure financing gap. The Bank made this projection in a statement hoisted on its website and sourced by our correspondent on Friday. The President of the AfDB Group, Dr. Akinwumi […]
White House economists have sternly warned of a potential global financial crisis if U.S. Congress fails to raise the federal government’s debt limit before the country is expected to default on the national debt. Speaking on the implications of default by the President Biden-led administration on the country’s debt obligations, Cecilia Rouse, leading other economists […]
US Treasury Secretary, Janet Yellen, on Tuesday warned that failure to raise the country’s debt limit could hurt the dollar reserves level and by implication push the economy on a recessionary trend. This is even as she maintained that she still regarded October 18 as the debt limit deadline, adding that it is now up […]
The European Commission on Wednesday initiated plans for the world’s first carbon border tax on imports of carbon-intensive steel, cement, fertilizers, aluminium, and electricity, as part of a programme to meet its new climate target. According to the commission, the border levy, which is designed to protect European industries from competitors abroad whose manufacturers can […]