Samuel Nwite
AUTHOR: Samuel Nwite
Nigeria’s Debt Service to Revenue Ratio Expected to Hit 110.4% in 2024 – Afreximbank
Afreximbank, Africa’s leading export-import bank, has issued a stark warning about Nigeria’s financial future, predicting that the country’s debt service to revenue ratio could...
CBN to Implement Retail Dutch Auction System (DAS) to Address FX Crisis
The Central Bank of Nigeria (CBN) has announced plans to introduce a Retail Dutch Auction System (DAS) next Wednesday to tackle the mounting unmet...
Intel Plunges 26% to Lowest in 50 Years, Market Cap Drops Below $100bn
Intel Corporation's stock plunged to historic lows on Friday, reaching a price level unseen since 2013. The dramatic selloff came on the heels of...
Kaduna Government Seals Kaduna Electric Over Unpaid N600m Taxes; DisCo Disconnects Kaduna Government House...
In a rather amusing turn of events, the Kaduna State Internal Revenue Service (KADIRS) has announced the sealing of the Kaduna Electricity Company Plc...
African Development Bank Approves $500m Loan to Nigeria for Energy Transition and Economic Governance
The African Development Bank Group has approved a $500 million loan to Nigeria, marking a significant step toward transforming the nation’s electricity infrastructure and...