Banks are being Investigated for Dollar Price Fixing.
The Competition Authority of Kenya (CAK) is looking into several unnamed banks over allegations that they fixed foreign exchange trades,…
Day: April 14, 2023
Kenyan Economic Growth will Surpass Angola as Ethiopia’s Lead Grows.
The International Monetary Fund (IMF) forecasts that this year, despite Ethiopia extending its lead, Kenya’s GDP will surpass that of…
IMF: Ghana will Shortly Receive a Bailout Package.
At the ongoing World Bank/IMF Spring Meetings in Washington, D.C., Ms. Georgieva expressed hope about the future of the nation,…
Aviation Workers Plan Strike Over Minimum Wage.
Due to the Federal Government’s unwillingness to release the reviewed condition of service that was negotiated more than seven years…
Dangote Guarantees Greater Profits for Shareholders.
Aliko Dangote, the chairman of Dangote Cement Plc, has pledged to shareholders and other stakeholders that the company will increase…
Five Fintech Companies Received SEC Approval to Operate as Capital Market Operators.
The Securities and Exchange Commission has recognized five financial technology companies as legitimate capital market operators. This information was made…
NSIA Assets Reach $1 trillion and Draw $500 million in FDI.
The Nigeria Sovereign Investment Authority increased its net assets from N919.73 billion in 2021 to N1.02 trillion in 2022, a…
World Bank: Africans in diaspora remitted $95.6bn in 2021.
The managing director of Shelter Afrique, Mr. Thierno-Habib Hann, stated at the 25th Annual Harvard Africa Business Conference 2023 –…
NBCC Seeks Trade Cooperation with the UK.
When the Nigerian British Chamber of Commerce leaves on its trade mission to the UK next month, a commercial cooperation…
FG: Fuel Subsidies and Oil Theft Consumed N29tn.
According to the Federal Government, N13 trillion was spent between 2005 and 2021 subsidizing Premium Motor Spirit, or gasoline, while…
Russia Increases Gasoline Exports in Q1 and Replaces European Consumers With African Countries.
Following the European Union’s boycott on Russian goods on February 5, Russia increased exports of the motor fuel to African…
CBN Moves to Invest Unclaimed Funds in Dormant Accounts in T-bills.
According to a proposal made by the Central Bank of Nigeria, banks should move money from accounts that have been…
Naira Appreciates to N737/$ at Parallel Market as Dollar Demand Slows.
On Wednesday, the parallel foreign exchange (FX) market, also known as the black market, saw naira rise to N737 per…