10 African Countries Face Debts Distress Risk – Report
10 Fitch-rated African countries have been noted to be facing higher, greater risk of debt distress as sovereigns seek cover under the International Monetary Fund’s (IMF) Common Framework Debts Treatments.
Bayelsa Woos Chinese Govt. For Developmental Assistance
The Bayelsa Government has requested the assistance of the People’s Republic of China in the development of its infrastructure, agriculture and education.
Nigeria’s Recovery Path Remains Blurry despite Improved Projection – Afrinvest
The Nigeria’s economy recovery path remains blurry despite improved projection, Afrinvest said while reviewing the World Economic Outlook report.
UN Report Warns, Africa Faces a Severe Debt Crises, Unless …
African countries need strong policies and further support from the international community to avert a debt crisis and protracted low growth, says the United Nations.
Insecurity a major cause of rising inflation — Emefiele
Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has attributed the country’s rising inflation to worsening insecurity in parts of the country. Emefiele stated this on Tuesday while presenting the communique from the Monetary Policy Committee (MPC) meeting which started on Monday.
Foreign Investment Drops as Investors Sideline Nigerian Economy
Foreign investment inflows dips again as Nigerian economy remains less attractive
Nigeria Pays N2.5 Trillion to Service Public Debts
Nigerian government paid total sum of N2.5 trillion to service total public debts in 2020 amidst pandemic-induced global disruption.
Nigeria to Make Eurobond Call as FX Scarcity Deepens
Deepening foreign currencies scarcity to meet productive demand has impacted all the facets of the Nigerian economic sectors and analysts have started to projecting possible Eurobond call in 2021.
Nigeria Likely to Issue $4Bn Eurobond in 2021, Says IIF
With oil prices expected to remain around $50 per barrel amidst exports constraint by the Organisation of Petroleum Exporting Countries and allies (OPEC+) commitments, Nigeria
Naira: Official Exchange Rate Falls 92.4% in 5-Year
The Nigerian Central Bank (CBN) official foreign exchange rate depreciated 92.4% in the last five years amidst unmet rising demand for foreign currencies in the country.
