Mauritania’s Sidi Tah takes over from Nigeria’s Akinwunmi Adesina as AfDB’s 9th president
Sidi Ould Tah, a native of Mauritania, has been chosen as the new leader of the African Development Bank Group (AfDB). He becomes the ninth person to take on this important role. His election was decided by the AfDB’s Board of Governors. This group is made up of finance ministers and central bank leaders from […]
Tinubu set to depart Abuja for Tanzania for the Africa Heads of State Energy summit
President Bola Tinubu to Travel for Energy SummitPresident Bola Tinubu is set to leave Abuja on Sunday for Dar es Salaam, Tanzania, to participate in the Africa Heads of State Energy Summit. The event, scheduled for January 27 and 28, 2025, will focus on energy access across Africa. The Tanzanian government, in collaboration with the […]
Nigeria Pays $1.36bn to IMF and Other Creditors – DMO Report
The Nigerian government spent a staggering $1.36 billion on servicing its debts in the first six months of 2024. This amount is over 200% higher than the $431.23 million spent during the same period in 2023, according to the Debt Management Office (DMO). This sharp increase in debt servicing costs has been attributed to rising […]