Nigerian President Bola Tinubu defended the country’s decision to end fuel subsidies, despite the resulting economic hardships. Tinubu stated that …
Sub-Saharan Africa Faces Significant Funding Shortage, Warns IMF in Economic Outlook Report. IMF Warns of Funding Shortage and Public Debt …
On Thursday, Italy pledged to make various investments in Tunisia and assist in negotiating a bailout from the International Monetary …
The Bank of England’s only currency printer reports the lowest banknote demand since central banks hoarded cash over the millennium …
The cuts have a number of consequences – as well as higher fuel prices, there is concern about the effect …
A look at the day ahead in European and global markets from Wayne Cole. The fact that First Citizens BancShares …
The markets have been gripped by nervousness, fear and uncertainty ever since the SVB crisis hit the headlines rate hike. …
Mobile apps of several Nigerian banks are currently under serious pressure as more Nigerians are forced to carry out online …
Canadian Prime Minister Justin Trudeau has announced a ban on Russian oil imports following the country’s invasion of Ukraine. Mr …
Amazon.com Inc. said it will stop accepting Visa Inc. credit cards in the U.K. because of high charges by Visa, …
Bitcoin hit an all-time high of $68,530.34 early Tuesday, according to CoinMarketCap. That’s just a few weeks after it hit …
The World Bank Group’s International Finance Corporation (IFC) has partnered with South Africa’s Liquid Intelligent Technologies to expand data center …
The CBN is yet to address why the app was removed from the store. The Central Bank of Nigeria’s eNaira …
Bitcoin’s price has crashed yet again, wiping hundreds of millions of pounds from cryptocurrency markets and sending traders into a …
Nigeria has seen booming interest in cryptocurrency as people look for ways to avoid the weakening naira currency Nigerian President …
Zimbabwe’s government has ruled out adopting the U.S dollar as the country’s sole official currency, terming it “suicidal,” the state-run …
Chinese Ambassador to Nigeria, Cui Jianchin, has said he is in talks with Chinese banks to establish operations in Nigeria …
Nigeria and Ghana are racing to adopt a central bank digital currency as they look to ride the wave of …
Brazil President Jair Bolsonaro signed a decree to raise taxes on financial transactions for three months to pay for the …
The Twitter ban in Nigeria has extended to 100 days, and in that time frame the nation has lost N247.61bn. …
South Africa’s economy grew 1.2% in the second quarter compared to the previous three months, statistics agency data showed, a …
The Naira’s sinking value has been compounded by dollar scarcity and a recent Central Bank of Nigeria (CBN) policy that …
The Social Economic Rights and Accountability Project has stated that over 27 million Nigerians earned less than N100, 000 per …
The Central Bank of Nigeria will work with Bitt Inc, a Barbados-based fintech company, as a technical partner to help …
Kenya and Tanzania have set December as the target time when the two neighbouring countries will have resolved most of …
South Africa’s unemployment rate is now the highest in the world, according to Bloomberg. It rose to 34.4% in the …
Dubai has established a specialised court focused on combating money laundering, in a move to “strengthen the integrity of the …
Ogunlesi quoted Fashola to have said that the regulations were developed after extensive consultations with various stakeholders. Almost two years …
Investors pulled less money from UK-based property funds in July compared with previous months, as optimism about the sector grew …
Winchester is the least affordable city to buy a home in, says Halifax. Its figures suggest buying a home in …
Kenya has lost footing in its main export market in Uganda, losing out to Tanzania in the wake of long-drawn …
The market cap of Bitcoin gained $220.24bn in 30 days according to analysis of data on CoinMarketCap. On July 8, …
Nigeria is estimated to have lost N132.8bn (approximately $366,88m) since Twitter was banned in Nigeria by the Federal Government. The …
Rwanda has raised $620 million through the issuance of a 10-year Eurobond, authorities said in a statement released late on …
Higher prices of cooking oil, beef, and bread have pushed food inflation to a 14-month high of 8.8 percent, straining …
The Central Bank of Nigeria (CBN) has stated that it would not supply foreign exchange (FX) to BDCs in the …
The government in Tanzania is reviewing a newly imposed levy on mobile money following a public outcry. The tax, which …
As public outcry continues growing over newly introduced mobile phone transaction levies, Tanzanian mobile phone users bow brace for a …
African leaders gathered in Abidjan, Ivory Coast to plead with the World Bank for new aid plans to finance their …
Tanzanians now have to pay more every time they send or receive money via their phones A new so-called “patriotism …
The Government is working on modalities that will allow pension funds to invest their monies offshore, Finance and Economic Development …
Nigeria’s tax authority asked lenders to freeze MultiChoice Group Ltd.’s local bank accounts to recover 1.8 trillion naira ($4.4 billion) …
Zimbabwe’s central bank announced the introduction of a new 50-dollar note, the country’s highest denomination, worth only around $0.60 in …
French President Emmanuel Macron has inaugurated the France-Nigeria Business Council – a private sector initiative to enhance business relations between …
Binance, the world’s biggest crypto-currency exchange, has been banned by the UK. The UK’s financial regulator, the Financial Conduct Authority …
South Africa’s headline consumer price inflation rose to a 30-month high in May, driven by surging food and fuel prices, …
The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has called for lower trade costs to boost Africa’s …
Nigeria has exported commodities worth $2.48 billion to South Africa in the past 24 months with Nigeria accounting for 64 …
