Business

Forex inflow rises 36.5% to $33.76bn in five months

Forex inflow rises 36.5% to $33.76bn in five months

By Elizabeth Adegbesan Nigeria’s net foreign exchange (forex) inflow rose by 36.5 percent year-on-year (YoY) to $33.76 billion in the first five months of 2026 (5M’26), from $24.72 billion in the corresponding period of 2025 (5M’25). The increase came amid ongoing efforts by the Central Bank of Nigeria (CBN) to deepen the foreign exchange market, […]
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Ghana says West African Gas Pipeline Project to cost $1B

Ghana says West African Gas Pipeline Project to cost $1B

THE government of Ghana has disclosed that the completion of the West African Gas Pipeline (WAGP) would cost $1 billion instead of the $600 million earlier announced. The new cost was due to the apparent delay in the implementation of the project, which has resulted in the increase of the original cost by 70 percent.

IMF-Backed Programs widen policy options to counter crises

IMF-Backed Programs widen policy options to counter crises

As the global economy continued to battle the financial crisis that enveloped the world economy as a result of the 2007 financial crisis, the International Monetary Fund ( IMF) has designed a multilateral -supported programs that has created space in many countries for counter-cyclical policies to address the impact of the global food, fuel, and financial crises.

ICC lambasts   G20 on   Doha trade negotiations

ICC lambasts G20 on Doha trade negotiations

The International Chamber of Commerce (ICC) criticised leaders of the 20 leading industrail nations also called G20 to for lacklustre commitment to the conclusion of the Doha Round of trade negotiations.