Ghana’s Finance Minister Assures Capital Market Reopening and Debt Repayment Commitment
Finance Minister, Dr. Cassiel Ato Forson, emphasized the importance of reopening Ghana’s capital markets, highlighting the significant role of pension…
Category: Finance
Nigeria’s Debt Servicing Hits Four-Year High Amid Rising Borrowing and Currency Depreciation
Nigeria’s debt repayment reached a four-year high of $4.65 billion in 2024, marking a 32.9% increase from the previous year.…
U.S. Treasury Yields Rise as Hopes of Trade War Easing Boost Investor Confidence
U.S. Treasury yields increased on Monday, driven by growing optimism that President Donald Trump’s stance on trade tariffs may be…
Nigerian Equity Market Recovers with N369bn Gain, Boosting Investor Confidence
The Nigerian equity market experienced a strong rebound on Monday, gaining N369 billion as the All-Share Index rose by 0.56%,…
Mercurie Launches Naira Payment Solution for Nigerian Businesses
Cross-border payment issues have long hindered the growth of Nigerian businesses, with over 4.9 million companies facing challenges in managing…
Money Market Funds Stay Attractive Despite Rate Decline, Offering Strong Returns
Money market funds (MMFs) continue to be a reliable investment option, even as interest rates on most instruments have declined.…
Bitcoin Surges Above $86,000 as Crypto Market Rides Positive Sentiment
Bitcoin and other leading cryptocurrencies experienced notable gains on Monday, driven by strong investor optimism. Bitcoin rose 3.2%, reaching $86,590,…
SEC Intensifies Measures Against Fraud, Promises Stricter Oversight of Nigeria’s Capital Market
The Securities and Exchange Commission (SEC) has reaffirmed its commitment to protecting investors in Nigeria’s capital market by cracking down…
China’s Equity Market Sees Strong Revival as Tech Sector Attracts Global Investors
Global investors are showing renewed interest in mainland China’s stock markets, marking a shift after two years of hesitation. This…
African Finance Ministers Push for Immediate AfCFTA Implementation to Drive Trade and Economic Growth
The 57th session of the Conference of African Ministers of Finance, Planning, and Economic Development, held in Addis Ababa, Ethiopia,…
Naira Holds Steady Against Dollar in Black Market, Slightly Depreciates Officially
The naira remained stable against the dollar at the parallel foreign exchange market on Thursday, closing at N1,585 per dollar,…
Naira Faces Growing FX Liquidity Risk Amid Economic and Geopolitical Challenges
The Nigerian naira is facing increasing pressure in the foreign exchange market as it depreciated to N1,580/$ in the parallel…
FCMB Expands Presence with New Branch in Ogbomosho
First City Monument Bank (FCMB) has officially opened a new branch in Ogbomosho, aimed at boosting financial inclusion and economic…
FCTA Approves N2.1 Billion Contracts, Including N242.8 Million for FCT-IRS Microsoft License
The Federal Capital Territory Administration (FCTA) has approved a total of N2,183,399,860 for various contracts within Abuja, with a significant…
European Markets Mixed as Central Bank Decisions Loom; Hapag-Lloyd Faces Geopolitical Strains
European stock markets showed mixed performance on Thursday, with investors focusing on key central bank decisions, including those from the…
Deloitte: Ghana’s 4% GDP Growth Target for 2025 Feasible but Faces Key Risks
Deloitte has affirmed that Ghana’s 4% GDP growth target for 2025 is achievable, especially following the 5.7% growth recorded in…
Rwanda’s Economy Expands 8.9% in 2024, Driven by Strong Agricultural and Industrial Sectors
Rwanda’s economy experienced significant growth in 2024, expanding by 8.9%, surpassing the previous year’s 8.2% increase. This robust performance was…
Ghana’s Top 10 SOEs Report GHC11bn Loss in 2023
In 2023, Ghana’s 10 largest State-Owned Enterprises (SOEs) by asset base reported a combined net loss of GHC11 billion, according…
65.5% of Nigerians Advocate for Lower Lending Rates, CBN Survey Reveals
A new survey by the Central Bank of Nigeria (CBN) has revealed that 65.5% of Nigerian households support a reduction…
Fed’s Dot Plot Eases Investor Concerns, U.S. Markets Surge as Interest Rate Cuts Loom
The U.S. Federal Reserve’s decision to keep interest rates steady and maintain a forecast of two rate cuts in 2025…
Ghana Must Strengthen Domestic Bond Market to Reduce External Borrowing – Terkper
In a recent address at the PricewaterhouseCoopers (PwC) 2025 Budget Digest Forum, Presidential Advisor on the Economy, Seth Terkper, emphasized…
Nigeria’s Economic Rebase Offers New Growth Opportunities for Businesses and Consumers in 2025
Nigeria has entered 2025 at a crucial economic crossroads, following a period of substantial reforms designed to reshape its financial…
Stock Market Sees N266bn Loss Amid Profit-Taking in BUA Cement and Other Stocks
The Nigerian stock market experienced a decline of N266 billion on the back of profit-taking, particularly in BUA Cement, which…
CBN Approves Greenwich Holdings Structure to Strengthen Financial Group’s Growth
The Central Bank of Nigeria (CBN) has granted approval for the establishment of Greenwich Holdings Limited as the new financial…
UK-listed Savannah Energy Acquires Nigerian Oil Assets for $35 Million to Boost Production
Savannah Energy, a UK-listed independent energy company, has successfully completed its acquisition of Sinopec International Petroleum Exploration and Production Company…
Bearish Market Opening: Investors Lose N7.8bn as ASI Drops 0.15%
The Nigerian stock market started the week with a bearish performance, as the All-Share Index (ASI) dipped by 0.15%, closing…
U.S. Treasury Yields Drop as Investors Await Key Economic Data
U.S. Treasury yields saw a slight decline on Tuesday as investors prepared for crucial housing data and the Federal Reserve’s…
Dr. Amin Adam Criticizes Ghana’s 24-Hour Economy Policy as Deceptive Without Adequate Funding
Former Finance Minister Dr. Mohammed Amin Adam has raised concerns about the Mahama government’s proposed 24-hour economy policy, suggesting that…
Rand Merchant Bank Economic Forum Highlights Key Strategies for Navigating Nigeria’s Reform Challenges
Rand Merchant Bank Nigeria (RMB) hosted a high-profile economic forum in Lagos to address Nigeria’s evolving reform landscape. The event,…
Naira Depreciates Amid Global Trade War and Forex Outflows: CBN Intervenes to Boost Supply
The ongoing trade tensions between the United States and several countries, including China and the European Union, have triggered foreign…