Real Time Financial News Website
According to Gurpreet Gill, macro strategist for global fixed income at Goldman Sachs Asset Management, the coming year is looking to be the most promising for fixed income in more…
Aishah Ahmad, Deputy Governor, the Financial System Stability Directorate, Central Bank of Nigeria, has expressed concern about the poor repayment of bank loans, which she believes may jeopardize the bank’s…
As President Joe Biden gears up to host the U.S.-Africa summit this week and speak with a select group of leaders about the 2023 elections and democracy in the continent,…
The unemployment rate in Britain increased for a second month, and as the economy struggles, some of the inflationary heat in the labor market is cooling, including a rise in…
The COVID-19 testing requirement for international travellers was lifted by Nigeria on Monday, 12th December 2022 and wearing a mask within airport buildings and on flights was no longer required,…
The IMF reported that overall public and private debt declined by 10 percentage points to 247% of global gross domestic product (GDP) in 2021 from its peak of 257% in…
The largest wave of industrial action to hit the nation in decades will hit Britain as nurses strike, putting additional strain on already overcrowded hospitals and increasing pressure on Prime…
As part of efforts to address the country’s persistent fuel shortage, the Nigerian National Petroleum Company Limited increased the number of major oil marketers in Nigeria from seven to twenty.…
Tanzania has been rated as one of the best investment locations in Africa due to its robust regulatory environment, sound macroeconomic fundamentals, and thriving financial market. This is in accordance…
Investment company Centum intends to pay off its dollar-denominated debt soon in order to avoid increasing finance costs on hard currency debt in light of the depreciating value of the…
Nigerian National Petroleum Company Limited (NNPCL) will supply 8,000 barrels of crude per day for four to five years using the $300 million that was used to purchase oil blocks…
Barring an unexpected shock, U.S. Treasury Secretary Janet Yellen predicted a significant decline in inflation in the country in 2023. “I believe that inflation will significantly decline in the coming…
According to Bloomberg, as Ghana begins restructuring domestic debt, the Ghana Cedi posted the largest gain against the U.S. Dollar last week. Ghana cedi outperformed all other currencies last week…
In a legal dispute over a building in Nairobi that the two lenders claimed to have financed at a cost of Sh160 million each, Equity Bank Kenya and NCBA Bank…
Aspen Pharmacare (APNJ.J) has wrapped up pacts to secure funding of $30 million from the Gates Foundation and the Coalition for Epidemic Preparedness Innovations to help make affordable vaccines for…
Following its last six significant rate increases in 2022, the US Federal Open Market Committee (FOMC) declared that it would push for another increase on December 14 with a 75%…
In the fiscal year that ended in June, Kenya’s external debt servicing costs increased by Sh5. 4 billion, highlighting the effect of the country’s currency problems on its loan repayment…
On April 30, 2021, Beyond Capital Ventures was established with the goal of making investments in early-stage businesses in India and East Africa operating in “must-have” industries like fintech, healthcare,…
A $25 million venture debt fund designated for portfolio companies is being launched by Future Africa, a venture capital firm with its headquarters in Lagos, in partnership with TLG Capital,…
In order to fund the construction of the largest EV ride-hailing fleet in the MENA region, Moove, the first mobility fintech in the world and Uber’s largest vehicle supply partner…
In order to close the financial inclusion gap, Ukheshe International provides embedded finance to businesses in the African fintech ecosystem. DPI and Fireball Capital look forward to partnering with Ukheshe…
According to U.N. Spokesman Stephane Dujarric, United Nations Secretary-General Antonio Guterres urged Nigerian authorities to look into claims of widespread and forced abortions allegedly carried out by the Nigerian army.…
Exxon Mobil Corp. (XOM. N) completed the sale of its operations in Central Africa’s Chad and Cameroon to London-listed company Savannah Energy PLC for $407 million (SAVES. L). Exxon has…
According to Chief of Air Staff Marshal Amao, Nigeria anticipates receiving 54 new air assets, including attack helicopters, aircraft, and aerial drones, to improve its capacity to combat national security.…
In exchange for a 10-year contract to move the data platform of the exchange operator to the cloud, Microsoft (MSFT. O) will purchase a 4% equity stake in London Stock…
The British economy recovered from the one-time public holiday marking Queen Elizabeth’s funeral in September a little more strongly than was anticipated in October, but a recession is still expected,…
In an effort to increase non-oil export revenues, the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, stated that the apex bank and the Bankers’ Committee would commit a…
According to the Peoples Democratic Party, the Central Bank of Nigeria’s new cash withdrawal policy was designed with low-income citizens in mind. Momodu acknowledged that “if enforced, the policy would…
Due to the successful performance of his publicly traded assets on the Nigerian Exchange, Abdul Samad Rabiu, Chairman of BUA Cement Plc, has seen an increase in his net worth…
Dollar increased, suggesting that inflationary pressures have persisted and that the Federal Reserve may decide to keep interest rates higher for longer. The dollar increased 0. 35 percent to 137.05…