Real Time Financial News Website
The Central Bank of Nigeria (CBN) raised the interest rate on Treasury Bills (T-Bills) to 6. 49 percent in October 2022 in an effort to entice more investors, particularly during…
The N200, N500, and N1,000 notes now in use will no longer be legal tender on January 31, 2023, according to a countdown clock posted on the Central Bank of…
Saudi Arabia and Turkey are in talks about Riyadh depositing $5 billion with the Turkish central bank, a representative for the Saudi Ministry of Finance said on Tuesday. A Reuters…
Oil increased as the top exporter Saudi Arabia indicated OPEC+ was continuing to output curbs and might take more measures to balance the market, outweighing concerns about a global recession…
The greatest energy crisis since the 1970s will cause a dramatic slowdown, with Europe being most impacted, the OECD said, adding that policymakers’ first goal should be to combat inflation.…
To combat growing inflation, the Central Bank of Nigeria’s (CBN) policy-setting council increased the monetary policy rate (MPR), which measures interest rates, from 15.1 percent to 16.5 percent. Due to…
Zainab Ahmed, the minister of finance, budget, and national planning, has been called before the senate committee on special tasks in relation to the insertion of N206 billion into the…
According to Williamson Tea Kenya, the outsourcing approach it began years ago has been strengthened as smallholder farmers now provide more than 60% of the green leaf processed in its…
Puma Energy will invest USD 33 million to provide solar solutions to its commercial and industrial customers in Ghana and throughout Africa. The fourteen Puma Energy sites in Ghana serve…
The Ministry of Finance’s October Performance of the Economy report shows that despite an increase in interest rates, the value of granted credit has remained steady. According to the statistics…
In order to transform the Namanve Thermal Power Plant into a Liquefied Petroleum Gas production unit, the government, according to Energy Minister Ruth Nankabirwa, has already acquired a MoU with…
The issue of N100 billion in Ijarah Sukuk bonds for subscriptions has been announced by the Debt Management Office. The money would go toward building and maintaining a number of…
The Central Bank of Nigeria’s monetary policy has been criticized by the International Monetary Fund. It said Nigeria has been ineffectual in containing growing inflation. The IMF recommended the Central…
ESG must be viewed by African firms as a tool for achieving climate-friendly corporate goals as well as a chance to invest in digital technologies, enhance energy management effectiveness, implement…
An agro-industrial park has been established in Abia State by PowerChina and Swiber Africa to promote industrialization and increase foreign exchange profits. The project, which is expected to cost over…
Following the successful conclusion of the 27th Conference of the Parties of the United Nations on Climate Change, Oando Clean Energy stated that climate commitments must be followed by action…
The initial public offering (IPO) of 2 billion common shares at a price of N5 by Purple Real Estate Income Plc is valued at N10 billion. The offer, which is…
According to the company’s sales and marketing manager, Master Steel presently manufactures more than 10 different types of building materials, nearly quadrupling its initial output as Rwanda’s housing demands have…
The federal government has been urged once more by shareholders acting via the Independent Shareholders Association (ISAN) to thoroughly examine the Asset Management Corporation of Nigeria’s activities (AMCON). The Coordinator…
In order to strengthen the venture capital ecosystems in Africa, the Middle East, Central Asia, and Pakistan, IFC has launched a new platform worth US$225 million. Through this platform, IFC…
According to the World Bank, subsidies benefit only wealthy households and reduce government spending on poor Nigerians. It went on to say that the subsidies were far greater than what…
To assist the country’s insurance penetration rate rise, two businesses, the Ghana Union Assurance (GUA) Life and Phoenix Life Assurance Company, have combined forces. Impact Life Insurance, the new company,…
An analysis of the effects of the current N10 per litre excise tax between June and August 2022 revealed an eight percent revenue decrease as a direct result of the…
Amos Nzeyi, executive chairman of Crown Beverages Limited (CBL), has urged the government to lower taxes on manufacturing in order to lower production costs and enable the sector’s expansion in…
Tea was withdrawn from the market for Sh1. 5 billion worth of the beverage after the value of the commodity at the Mombasa auction fell to retail below the minimum…
Kenya launched the program that is anticipated to help down power rates for companies and people last week by injecting the first shipment of less expensive hydropower imported from Ethiopia…
With operations in Kenya, Uganda, Nigeria, and Ghana, M-KOPA (“M-KOPA” or “the Company”) is an established platform that offers necessary goods and services across the African continent on a credit…
The African Development Bank Group’s Board of Directors today approved a $20 million equity investment in Evolution Fund III, a pan-African clean and sustainable energy private equity fund that will…
For an unknown price, Helios Investment Partners (Helios) has entered into agreements to purchase the majority shares in Maroc Datacenter (MDC) and IXAfrica Data Centre (IXAfrica). MDC, a carrier-neutral data…
World Population Prospects 2022, published on World Population Day, estimates that the world’s population would reach 8 billion people on November 15, 2022. India will overtake China as the world’s…