Prioritise healthcare funding over foreign aid, Moghalu tells African leaders

Prioritise healthcare funding over foreign aid, Moghalu tells African leaders

Former presidential candidate and economist, Kingsley Moghalu, has called on African countries to prioritise healthcare funding from their own resources rather than relying on foreign aid. According to him in a statement on Friday via X, dependence on external assistance for healthcare interventions is not a sustainable strategy for the continent. Moghalu’s comments come in the wake of former U.S. President Donald Trump’s withdrawal of the United States from the […]

January 31, 2025 9

BUSINESS

Recapitalisation race: Top banks target $3bn fund in foreign capital markets

Four of the tier-1 banks in the country, FBN Holdings, Access Holdings, Guaranty Trust Holding Company Plc and United Bank for Africa Plc have indicated plans to raise about over $3.03bn (N3.46tn) in fresh capital. This came barely one month after the Central Bank of Nigeria directed Deposit Money Banks to recapitalise.

April 15, 2024 10

BUSINESS

Foreign airlines repatriate N795bn in six months – CBN report

Foreign airlines repatriated N795.48bn from Nigeria in six months, data from the Central Bank of Nigeria have shown. Data from the apex bank’s Balance of Payment compilation revealed that airlines withdrew (as debits) $1.76bn (converted to naira at N451/$) in the first and second quarters of 2023. Total credit to the Balance of Payment account from airline travel was $19.39m (N8.75bn). The amount on the debit side of the balance […]

January 19, 2024 50

BUSINESS

Foreign airlines repatriate N795bn in six months – CBN report

Foreign airlines repatriated N795.48bn from Nigeria in six months, data from the Central Bank of Nigeria have shown. Data from the apex bank’s Balance of Payment compilation revealed that airlines withdrew (as debits) $1.76bn (converted to naira at N451/$) in the first and second quarters of 2023. Total credit to the Balance of Payment account from airline travel was $19.39m (N8.75bn). The amount on the debit side of the balance […]

January 19, 2024 64

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