The Nigerian government announced plans to secure $500m loan from the World Bank to boost MSME lending in Nigeria through the Development Bank of Nigeria (DBN).
Economy
Most viewed
Popular
-
Experts analyse CBN’s MPR decision, say policy should lower lending costs
-
Transport costs may drop as FG distributes 4,000 electric tricycles to Nigerian youths
-
Nigerians struggle as bread prices refuse to fall despite drop in cost of flour
-
Belgian PM digs in against EU push to use Russian assets for Ukraine
-
Canada PM under fire for alleged climate U-turn
Economy Latest News
ECB to cut rates again, with a nervous eye on Trump
Eurozone rate-setters are set to cut borrowing costs again this week, confident their efforts to lower inflation will remain on track despite the threat from US President Donald Trump's protectionist agenda. "We are confident of seeing inflation at target in the course" of this year, President Christine Lagarde said last week in an interview with CNBC at the World Economic Forum in Davos.
With Trump win, Silicon Valley's right flank takes on Washington
One week into his second administration, Donald Trump has put technology at the forefront, featuring tech billionaires prominently at his inauguration and announcing major AI infrastructure deals from the White House. - Palmer Luckey - Palmer Luckey, while not directly involved in the White House, carries weight as a self-made tech billionaire who challenged Silicon Valley's liberal bent.
Universal, Spotify ink multi-year deal
Universal Music Group, the world's largest music company, and streaming behemoth Spotify on Sunday announced a multi-year direct deal that will affect both recording and publishing royalty rates. The deal notably "establishes a direct license between Spotify and Universal Music Publishing Group across Spotify's current product portfolio in the US and several other countries," the companies said.
Undersea cable between Sweden and Latvia damaged: Swedish PM
Latvia said it had dispatched a warship on Sunday after damage to a fibre optic cable to Sweden that may have been "due to external factors". The statement added: "Based on current findings, it is presumed that the cable is significantly damaged due to external factors.
Expert predicts Nigeria’s debt to hit N150 trillion in 2025 as each citizen owes N619,000
An economic expert has projected that Nigeria's public debt will rise to N150 trillion by the end of the first quarter of this year, from N143.02 trillion.
US Fed prepares to pause in first rate decision since Trump's inauguration
The US Federal Reserve is expected to announce a pause in rate cuts on Wednesday, as policymakers look to continue tackling inflation under close and vocal scrutiny from President Donald Trump. - Trump's 'demands' lower rates - Trump has frequently criticized the Fed, which has a dual mandate from Congress to act independently to tackle inflation and unemployment.
Trump's Canada, Mexico tariff threat aimed at gaining leverage in trade talks: experts
President Donald Trump's threats to impose punishing tariffs on Canada and Mexico may be part of a strategy to gain leverage ahead of new negotiations on a regional trade agreement, experts said.
Trump casts chill over US wind energy sector
Donald Trump has long ranted against wind energy -- claiming turbines are unsightly, dangerous to wildlife and too expensive -- with him threatening to upend decades of industry progress just a few hours after resuming power.
Rubbish roads: Nepal explores paving with plastic
Cars speeding along a smooth, black-coloured street in Nepal's Pokhara are also driving over heaps of discarded plastic, transformed into an ingredient in road construction. "We saw scope for such plastics to be utilised as a raw material, partially substituting bitumen in road construction."
Economy
Load more