Breaking news and insights at nigerianewsservice.com
Argentina is advancing a decree to formalize a new IMF program, aiming for essential financial support amid significant debt obligations. President Milei’s severe austerity measures have begun to address inflation, …
Argentina Moves to Formalize IMF Deal Amid Economic Reforms Read More
Ghana will receive $1.32 billion from the IMF and World Bank to cover 35% of its 2025 budget deficit. Of this, $720 million is from the IMF Extended Credit Facility …
Ghana Secures $1.32 Billion from IMF and World Bank for Budget Deficit Read More
Brazil plans to allocate funds from its $3.5-billion oil fund to revitalize its economy as President Lula’s approval ratings reach a historic low due to inflation and rising food prices. …
Brazil’s $3.5-Billion Oil Fund: A Strategy to Revitalize the Economy Read More
Petrobras has agreed to settle a U.S. court dispute with EIG Energy Fund XIV for $283 million. This settlement has been provisioned in its earnings, related to EIG’s investment in …
Petrobras Settles U.S. Court Dispute with $283 Million Payment Read More
The World Bank’s latest report emphasizes the urgent need for Equatorial Guinea to diversify its economy away from oil dependency. The country faces prolonged economic decline due to decreasing oil …
Economic Diversification Essential for Growth in Equatorial Guinea, Says World Bank Read More
Mozambique’s Net International Reserves rose to $3.740 billion in December, marking a recovery following declines in October and November. Despite earlier decreases, reserves are aimed at ensuring economic stability. Governor …
Mozambique’s International Reserves Increase in December After Declines Read More
Gold Reserve has filed a new investment treaty claim for over US$7 billion against Venezuela, while also working to collect an earlier award exceeding one billion dollars. Gold Reserve, a …
Gold Reserve’s Multibillion Dollar Claim Against Venezuela Read More
The Mozambican state allocated €1.1 million from mining and oil revenues to community programs in 2023. Notable allocations included funds for the Nyamanhumbir, Benga, and Pande communities. This initiative supports …
Mozambique Allocates €1.1 Million from Mining and Oil Revenues to Community Development Programs Read More
The World Bank’s report highlights the need for Equatorial Guinea to diversify its economy away from oil dependency to address economic decline. Key recommendations include enhancing human capital, improving public …
World Bank Urges Economic Diversification for Equatorial Guinea’s Growth Read More
The World Bank’s new report stresses that Equatorial Guinea needs to diversify its economy away from oil, invest in human capital, and improve governance to counter economic decline. The country …
World Bank Advocates for Economic Diversification in Equatorial Guinea Read More