Russian President Vladimir Putin announced that the trade turnover between Russia and African countries increased by nearly 35% in the …
China’s Belt and Road Initiative (BRI) has significantly boosted African infrastructure development, providing funding for railways, hydropower projects, roads, airports, …
Wema Bank recently announced its approval of salary increments for employees to mitigate the impact of economic fluctuations and enhance …
In a surprising move, Ghana’s central bank raised its benchmark lending rate by 50 basis points to 30% in an …
On Monday, President Félix Tshisekedi of the Democratic Republic of Congo (DRC) announced that the United Arab Emirates (UAE) signed …
Zambia’s economy is expected to grow by 2.7% in 2023, a decrease from 4.7% in 2022, primarily due to contractions …
The Federal Government of Nigeria has urged citizens to bear the short-term difficulties resulting from the removal of fuel subsidies, …
The rise of digital money lending platforms in Nigeria has brought both convenience and challenges to borrowers. While these platforms …
In June 2023, Nigeria experienced a commendable increase in crude oil earnings due to a rise in oil output, according …
In a significant boost to the country’s economy, Nigeria has recorded a staggering $11 billion in revenue from crude oil …
In a significant development for Italy’s business landscape, Berlusconi’s eldest daughter, Marina Berlusconi, and son, Pier Silvio Berlusconi, have been …
The third China-Africa economic and trade expo concluded in Changsha city, with $10.3 billion worth of projects signed. Guided by …
Pakistan is on the brink of its worst economic crisis since gaining independence from Britain in 1947, as it faces …
Kenya and the European Union (EU) have signed a trade agreement aimed at deepening economic ties between the two regions …
The removal of fuel subsidies in Nigeria is having an impact beyond its borders, particularly in neighboring Benin. In Benin’s …
Nigeria’s central bank has ended its distorted foreign exchange rate system, aiming to attract investors and stabilize the local currency. …
The Kenyan Parliament has approved the budget estimates for the Financial Year 2023/24, marking President William Ruto’s first budget since …
Dr. Akinwumi Adesina, the president of the African Development Bank, will lead a roundtable discussion on the Alliance for Green …
To unleash the full potential of the African Continental Free Trade Area (AfCFTA), which aims to boost intra-African trade, prominent …
In another African context, Zimbabwe has implemented various currencies, including the US dollar, since 2009 to combat inflation and economic …
Ghana has sought assistance from the International Monetary Fund (IMF) a total of 17 times since gaining independence. This averages …
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 …
