Nigeria Orders banks to loan more money to spur economy
06 July 2019 |
4:45 pm
In an effort to boost economic growth in Africa’s most populous country, Nigeria is giving its banks a choice: lend more of their money, or hand it over to the central bank and earn nothing on it.
Related
15 Jun
The maiden edition of the Nigeria Solidarity Support Fund (NSSF) Awards treated winners and guests to a delightful evening on the 9th of June at NOK by Alara, Lagos.
The awards celebrated and recognised people who have contributed massively to the healthcare sector in Nigeria and revealed the continued efforts of the NSSF to provide better healthcare in Nigeria.
16 Jun
Tax revenues could make a vital contribution to the development of African countries. But the untapped informal sector, also known as the shadow economy, and inadequate collection of taxes stand in the way.
24 Jun
Nigerian stakeholder discuss the potential effects of a draft regulation that requires online platforms like Twitter, Facebook and Tiktok to register and open offices in Nigeria and appoint contact persons with the government's information technology development agency.
22 Jun
Several cities in the country were thrown into darkness on Sunday, June 12 2022, following the collapse of the national grid for the sixth time in 2022. Here is how multiple national grid collapse is paralysing business activities in Nigeria.
22 Jun
A new deal paves the way for the development of the first African-owned Covid-19 vaccines. Cape Town-based Afrigen is working with a Belgian biotech company to develop mRNA shots. Also, Kenya has no reproductive health legislation but the public is going to give its input on a regional bill that could make a big difference to sexual health services. Finally, in football news, Senegal's Sadio Mané moves to Bayern Munich.
23 Jun
A new deal paves the way for the development of the first African-owned Covid-19 vaccines. Cape Town-based Afrigen is working with a Belgian biotech company to develop mRNA shots. Also, Kenya has no reproductive health legislation but the public is going to give its input on a regional bill that could make a big difference to sexual health services. Finally, in football news, Senegal's Sadio Mané is moving from Liverpool to Bayern Munich.
25 Jun
German pharmaceutical company BioNTech has begun construction of an COVID-19 vaccine plant in Rwanda. When completed, it will be the first mRNA vaccine plant in Africa.
26 Jun
Relatives of murdered Congolese independence hero Patrice Lumumba attend a sombre ceremony in Brussels as Belgium returns his tooth. It's all that remains of him after his assassination in 1961. Also, Kenya has no reproductive health legislation but the public is going to have its say on a regional bill that could make a big difference to national sexual health services. And the refugee status of hundreds of thousands of Ivorians who fled post-electoral violence in the country in 2011 is coming to an end.
24 Jun
The billionaire was named prime minister for the fourth time and asked to form a government to save the country from financial collapse. He urged fractious politicians to set aside differences to secure an IMF deal.
24 Jun
What could have been a major tragedy was promptly averted on Friday, 10 June 2022 when a petrol tanker suddenly caught fire in Ughelli, Delta State.
24 Jun
The European Union should change the way it does business with Africa to redress imbalances left over in part from the colonial era, EU lawmakers have said.
Latest
1 day ago
Find these stories and much more when you grab a copy of The Guardian on Tuesday.
1 day ago
The country's main opposition party has led protests against a proposal to integrate Bulgarian minority rights. Such a move would be necessary to continue EU accession talks.
1 day ago
On February 24, the first day of Russia's war in Ukraine, Moscow's troops took over Chernobyl, the scene of the world's worst ever nuclear accident. Following a 35-day occupation, Ukraine regained control of the defunct plant but workers have had a hard time returning it to regular functioning. Employees were forced to rebuild IT systems from scratch after specialist equipment and software was ransacked by Russian soldiers. Chernobyl remains a highly volatile site, with hundreds of tonnes of radioactive material still sitting under a protective cover.
1 day ago
The sanctions have badly hit Mali, with its economy already under severe strain from military coups and a decade-long jihadist insurgency.
1 day ago
Is there a shift in how the US justice system deals with police shootings?
