30 results
- 5 Jan 2020
Depletion of ECA Leaves Nigerian Economy Vulnerable- World Bank
Nigerian economy has become more vulnerable to shocks as a result of the depletion of the Excess Crude Account (ECA), according to the World Bank. The ECA was established in 2004 to save revenues in…
- 20 Jul 2023
ASEA, ECA Sign MOU for Africa Financial Market Development, Integration
The African Securities Exchange Association (ASEA) and the United Nations Economic Commission for Africa (ECA) have announced the signing of a landmark Memorandum of Understanding (MOU), which aims…
- 7 Dec 2017
Nigerian Scoop Top Prize for Labour Market Research @ UN-ECA
A Nigerian economist has emerged at the top from a selection of 36 academic papers presented at the 12th African Economic Conference for proposing reforms, including the de-regulation of the labour…
- 9 Apr 2014
ECA Put Looted Funds from Africa @ $1 Trillion
Carlos Lopez , executive secretary, UN Economic Commission for Africa, said on Wednesday in Addis Ababa that over one trillion dollars was illegally siphoned out of Africa in…
- 30 Jan 2013
FG Bows to Pressure, Shares $1Bn from Oil Money
National Economic Council (NEC), the advisory body to the President on the economy met yesterday and approved the sharing of $1billion from the Excess Crude Account (ECA) among the 36 states of the…
- 17 Jan 2013
FG Rebuffs Govs, Won’t Share $1Bn Oil Money
President Goodluck Jonathan has rebuffed state governors who are demanding additional $1 billion from the Excess Crude-oil Account (ECA), a week after the three tiers of government shared about…
- 25 Mar 2019
SystemSpecs, EFINA, Others Set Agenda for Africa Fintech & Digital Identity
SystemSpecs and Enhancing Financial Innovation and Access and other fintech firms have met at the 52nd Session of the Economic Commission for Africa (ECA) in Palmeraie Room, Palmeraie Golf Palace,…
- 18 Nov 2013
Oppositions Ask FG to Account for Missing $5Bn
Opposition parties have challenged the federal government to account for the $5 billion, which has reportedly disappeared from the nation’s Excess Crude Account (ECA) The New Peoples Democratic Party…
- 17 Jul 2015
₦11.56 Trillion Excess Crude Fund Develops Wings in 8 Years- Premium Times
At least N11.55 trillion or $84.52 billion expected revenue into the coffers of the nation’s Excess Crude Account for the eight-year period from 2007 to 2014 are unaccounted for, according to…
- 3 Jan 2014
Illicit Financial Flows from Africa - Track It, Stop It, Get It
Illicit money outflows are draining Africa's domestic resources, depriving it of crucial investment funds The figures are staggering: between $1.2 trillion and $1.4 trillion has left Africa in…
- 7 Mar 2024
African Finance Ministers Urge Govts to Bridge Tech Gap
African finance ministers have urged governments to develop instruments and institutions that can bridge the technology gap, as well as new funding structures that, with the correct governance…
- 4 Mar 2017
Turkish Airlines Records $12Bn Aircraft Financing Deals in 10 Years
Turkish Airlines has crowned its success with 21 international finance awards in the past 10 years for raising $12 billion with three new awards for its successful aircraft financing models. The…
- 7 Jul 2017
Paradigm Initiative Adds Two Members to Advisory Board
Paradigm Initiative of Nigeria (PIN) said that two new members have joined Advisory Board: Drs Jummai Zainab Umar-Ajijola and Aida Opoku-Mensah. “Dr Jummai Ummar-Ajijola brings to the Advisory Board…
- 29 Jun 2015
FG Begins Probes of N3.8trn Missing Oil Money
A panel of four governors was, yesterday, constituted to probe the affairs of the Nigerian National Petroleum Corporation (NNPC), following revelations that the corporation withheld N3.8 trillion of…
- 17 Oct 2013
Nigeria’s Economy Gets Fitch’s ‘BB’ Rating
Fitch Ratings has affirmed Nigeria’s long-term foreign and local currency IDRs and senior unsecured bond ratings at ‘BB-’ and ‘BB’ . The outlook is stable, according to the agency, which also…
- 13 Jul 2015
PDP, APC Bicker over $5.6Bn NLNG Dividend
Peoples Democratic Party (PDP) has slammed Nigeria’s ruling the party, All Progressives Congress (APC) for insinuating that the past administration hid the Nigeria Liquefied Natural Gas (NLNG)…
- 28 May 2013
Natural Resources can Fuel Africa’s Economic Transformation-Report
Africa’s agricultural, mining and energy resources could boost the continent’s economic growth and pave the way for a breakthrough in human development, according to the African Economic Outlook 2013…
- 6 Dec 2016
African Economic Conference Opens in Abuja Focusing on Industrialization
The 11th African Economic Conference (AEC) kicked off in Abuja, Nigeria, yesterday with a consensus on the need to scale up the continent’s agricultural transformation to spur…
- 14 Feb 2020
Africa's Female Fund Managers Receive Boost with Launch of a Multi-Million Dollar Fund
African leaders are putting women front and center of efforts to drive the continent’s economic growth through a game-changing fund that invests in women fund managers and also provides technical…
- 4 Jun 2024
MultiChoice and Canal+ Buyout Deal Forges Ahead
MultiChoice and French media giant Groupe Canal+ have released a joint circular detailing plans and dates for the proposed buyout of the DStv operator at R125 per share. The circular covers what…
- 20 Nov 2013
CBN to Cut Naira Supply Next Year Ahead of 2015 Polls
Central Bank of Nigeria (CBN) may further reduce money supply next year under her new tighter monetary policy for the 2014 fiscal year, in a bid to check the excessive pressure on prices due to the…
- 27 Aug 2025
CPA of Ghana Urges Citizens to Boycott DStv, GOtv to Force Price Cuts
Consumer Protection Agency (CPA), Ghana, has called on Ghanaians to boycott DSTV as pressure mounts on MultiChoice Ghana to review its pricing. Kofi Kapito, chief executive officer (CEO), Consumer…
- 1 Jun 2009
W.Afri.Tel Exhibition, WAFICT Congress Begin
The West African International Telecommunications and Information Communication Technology Exhibition (W.Afri.Tel), along side West African Information and Communications Technology (Wafict) Congress…
- 24 May 2010
Nweke Wins Deutsche Welle, FOSS Award
Remmy Nweke of Information and Communications Technology (ICT) desk at Champion Newspapers has bagged the first-ever African Free and Open Source Software (FOSS) Reporter award. The award which was…
- 14 Mar 2013
AFDB Launches Open Data Platforms for Nigeria, 19 Others
The African Development Bank (AfDB) has launched Open Data Platforms for the following 20 African countries: Algeria, Cameroon, Cape Verde, Democratic Republic of Congo, Ethiopia, Malawi,…
- 21 Jul 2013
Africa Endorse AfDB’s Africa50 Fund to Support Infrastructure
In a joint declaration issued in Tunis, Tunisia, on 19 July 2013, African institutions endorsed the AfDB’s Africa50 Fund as Africa’s vehicle to facilitate large-scale mobilization of resources and to…
- 16 Jul 2013
NEXIM Selects APO for Press Release Distribution in Africa
The African Press Organization (APO), the leading press release wire in Africa, and global leader in media relations related to Africa, has announced the signature of a retainer agreement as…
- 22 Jan 2014
Okonjo-Iweala, Sanusi in War of Words over Economy
The "cold war" between Dr. Ngozi Okonjo-Iweala, Co-ordinating minister for the Economy and minister of Finance; and Mallam Sanusi Lamido Sanusi, governor, Central Bank of Nigeria (CBN) have now…
- 28 Jul 2014
FG Pledges to Build Sustainable Economy through STI
Abdu Bulama, minister of Science and Technology, has assured that the Federal Government would harness Science, Technology and Innovation (STI) to build a sustainable and competitive economy. Bulama…
- 26 Dec 2014
Oshiomhole Says $30Bn Excess Crude Fund Unaccounted For
Governor Adams Oshiomhole of Edo state has accused the Federal Government of failing to account for about $30billion that have accrued to Nigeria’s excess crude account in the last three years,…