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FX Volatility Drives 9% Increase in Local Inputs Sourcing by Nigerian…
In 2024, the ongoing foreign exchange (FX) volatility in Nigeria caused a significant shift in the manufacturing…
Nigeria’s $630 Million Investment in Data Centres to Meet Surge in Internet…
As internet usage continues to soar, data centre operators in Nigeria are investing over $630 million to expand…
Philipp Müller Appointed CEO of Blue Earth Capital to Lead Next Growth Phase in…
Blue Earth Capital, a prominent impact investor managing over $1.5 billion in assets, has announced the…
C2FO Secures $30 Million Funding to Expand into Emerging Markets with IFC Support
C2FO, a US-based working capital platform, has raised $30 million in funding to enhance its technology and expand…
Nigeria’s Foreign Investment Surges to Two-Year High Amid High Yields and Rate…
Foreign investment in Nigeria has surged to its highest level in over two years, largely driven by the Central…
Top Nigerian Banks Post Record ₦17.3 Trillion in Gross Earnings, Profit Soars by…
In a year marked by economic hurdles, Nigeria’s top five banks – Zenith Bank, GTCO, UBA, Access Holdings, and…
Ghana Surpasses IMF Reserve Target Early, Strengthening Economic Outlook
Ghana has successfully exceeded a key milestone in its ongoing IMF program, surpassing its gross international…
Ghana to Face Minimal Economic Impact from New US Tariffs, Fitch Solutions Report
Ghana is expected to experience relatively minor economic disruption from the new US tariffs, according to a…
IFC Provides Financing Package to Cameroon’s First African Company
The International Finance Corporation (IFC), a member of the World Bank Group, has announced a partnership with…
CBN Mulls Interest Rate Hike as Money Supply Soars to N114.2tn
The Central Bank of Nigeria (CBN) may be gearing up to raise interest rates in May, as inflationary pressures…
CBEX: Oil & gas investors hit hard as fraud surpasses N2trn
The abrupt collapse of Crypto Bridge Exchange (CBEX), a digital investment platform exposed as a Ponzi scheme, has…
IMF Urges Ghana and Affected Nations to Accelerate Reforms Amid Trade Tariff…
The International Monetary Fund (IMF) is calling on Ghana and other countries impacted by the United States'…
IMF Warns of Global Economic Strain as U.S. Tariffs Fuel Trade Tensions
The International Monetary Fund (IMF) has raised alarms over mounting global trade tensions, cautioning that…
Hermes To Hike US Prices To Offset Tariff Impact
French luxury brand Hermès announced plans to increase its U.S. prices starting May 1 to counter the impact of a…
FG Targets Cooperative Sector Revamp to Drive $1 Trillion Economy
The Federal Government of Nigeria has launched a comprehensive initiative aimed at revitalizing the country's…
Nigeria Lands $1.3B Mining Investment, Eyes $25B GDP Surge & $8B FX Boost —…
Nigeria just bagged a massive mining investment deal worth $1.3 billion, and it’s being called the biggest private…
Ghana’s Producer Price Inflation Dips to 24.4% in March Amid Sectoral Shifts and…
Ghana’s Producer Price Inflation (PPI) saw a notable decline in March 2025, falling to 24.4% from 27.6% the…
Nvidia Defends AI Chip Sales After Suspension of H20 Exports to China, Faces…
Nvidia has stated that it follows U.S. government export laws "to the letter" after announcing a $5.5 billion loss…
Nigeria and South Africa Sign Mining MoU to Drive Industrialization and Job…
Nigeria and South Africa have entered into a Memorandum of Understanding (MoU) to strengthen their mining sectors,…
ECOWAS Bank Appoints Ghana’s Finance Minister Cassiel Forson as New Chairman
The ECOWAS Bank for Investment and Development (EBID) has appointed Dr. Cassiel Ato Forson, Ghana’s Minister of…
Christabel Onyejekwe Appointed Chairperson of Africa Prudential as Board…
Christabel Onyejekwe has officially been named the new Chairperson of Africa Prudential Plc, marking a significant…
Turning Trade Tensions into Opportunity: How Nigeria Can Leverage Global Shifts…
With the ongoing trade rift between the US and several countries—including Nigeria—the Chartered Institute of…
Naira Weakens Slightly to N1,604/$1 in Official Market, Stakeholders Optimistic…
The naira closed at N1,604 to the dollar on Tuesday, slightly weaker from the previous day’s N1,599. The official…
Nigeria-China Currency Swap at Risk as Trade Imbalance Widens — CBN Warns
The Central Bank of Nigeria (CBN) has expressed concern that the persistent trade imbalance between Nigeria and…
Banking Stocks Drag NGX Down as Investors Lose N445bn in One Day
The Nigerian Exchange (NGX) took a significant hit on Wednesday, April 16, reversing the previous day’s modest…
Naira Stabilizes as FX Market Liquidity Improves, Dollar Rate Inches Down
The Nigerian naira remained stable on Tuesday at the official foreign exchange (FX) market, closing slightly…
Local Investors Take the Lead in Africa’s Evolving Startup Funding Landscape
Africa’s startup funding scene is shifting in a big way, with local investors stepping up more than ever. In 2024,…
Dangote Refinery Slashes Petrol Ex-Depot Price to N835 Amid Global Crude Dip
Dangote Petroleum Refinery has once again brought some relief to the downstream oil sector by cutting the ex-depot…
AEW 2025 Sets Stage for Africa’s $43bn Energy Boom, Focuses on Transition…
The African Energy Week (AEW) has officially launched its 2025 conference, marking a pivotal moment in Africa's…
Nigerian Exporters Urged to Adopt Self-Sustaining Forex Strategies to Reduce CBN…
Nigerian exporters have been advised to reduce their reliance on the Central Bank of Nigeria (CBN) for foreign…