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Finance
World Bank: CBN Loan Repayments will Consume 62% of Revenue.
Despite the restructuring plan, the World Bank has predicted that interest payments on the Federal Government's…
Nigeria’s Senate Approves The 2023 Budget but Defers a Decision On The…
The Nigerian Senate raised the budget for 2023 by 6. 4% to 21. 83 trillion naira ($49 billion) and postponed a…
Emefiele Should Defend Himself, Group Says Regarding Terrorism Financing.
The South South Reawakening Group (SSRG) demanded that the Central Bank of Nigeria (CBN) Governor, Mr. Godwin…
U.S. Looks Into $370 million Theft Following FTX Bankruptcy: Bloomberg News.
According to Bloomberg News, which cited a source familiar with the investigation, federal authorities are looking…
UN: Nigerians are being Impacted by Falling Naira and Rising Food Prices.
According to a report by the United Nations Conference on Trade and Development, a combination of high food costs…
World Bank Advises CBN to Review the RT-200 FX Policy.
Despite its best efforts, the World Bank has requested the Central Bank to reevaluate its RT-200 Program.The…
Tanzania: NBC Bond Trades at DSE Following a Successful Sale.
The National Bank of Commerce (NBC) bond, which was recently completed, is now open to investors through the Dar…
Uganda and IMF Agree to a $240 million Funding Deal.
Uganda and the International Monetary Fund (IMF) have established a staff-level agreement for the delivery of…
Nigeria FG Agree on NIPPS Sale to Pay for Budgets.
Final agreement has been reached between the federal government and the 36 governors of the states to sell five…
The Total Assets of the Insurance Sector Reached N2.3 trillion.
At the end of the third quarter of 2022, the insurance industry in Nigeria had N2. 3 trillion in total assets.…
Banks Reject 94% of Proposals for Export Funding.
Dr. Bamidele Ayemibo, the lead consultant at 3T Impex Consulting, claims that 94% of bank requests for export…
Nigeria’s Inflation Picks Up in November, Reaching 21.47%.
According to the statistics office, inflation in Nigeria increased for the tenth consecutive month in November,…
Banks’ Operating Expenses are Up 19.2% Due to High Inflation and Regulatory…
Following a high inflation rate and regulatory charges, 14 Nigerian banks reported N2. 03 trillion in total…
According to the UN, Global Trade will Reach a Record of $32 trillion in 2022.
According to a UN report, the value of global trade is set to set a new record this year, increasing by about 12%…
UK Inflation Drops from a 41-year High as Fuel Price Surge Subsides.
Inflation in the United Kingdom came in slightly lower than expected in November, at 10.7%, as lower fuel prices…
The IMF Claims that Global Debt is Still Significantly Higher than Pre-pandemic…
The IMF reported that overall public and private debt declined by 10 percentage points to 247% of global gross…
Beyond Capital Ventures Declares Groundbreaking Final Close of Venture Fund
On April 30, 2021, Beyond Capital Ventures was established with the goal of making investments in early-stage…
Ghana: Germany Pledges an Economic Grant of €82 million.
The Federal Republic of Germany's government has pledged to give grants totaling about €82 million to important…
Despite Global Headwinds, Remittances Grew by 5% in 2022.
Remittances to low- and middle-income countries increased by an estimated 5% to $626 billion in 2022. Remittances…
Ghana: A Record-high Interest Rate of 31.4% was Reached.
At the end of October 2022, the average interest rate on loans provided by banks to individuals and businesses in…
Nigeria’s Trade Balance is 86% Worse Off Due to Weak Exports.
Nigeria's trade balance has been negative quarter over quarter, as exports have decreased by 19.8% to N5. 93…
Egypt Hopes to Issue its First Panda Bonds.
According to Deputy Finance Minister Ahmed Kouchock, Egypt plans to issue its first panda bonds by the end of this…
Global Central Bank Push for Rate Increase.
Central banks overseeing six of the 10 most heavily traded currencies delivered 350 basis points (bps) of rate…
NNPC Signs $1.4 billion Financing Agreement For Hydrocarbon Project.
The Northern Hydrocarbon Funding Limited has a $1. 4 billion external project finance arrangement, according to…
Bonds Suffer as Credit Suisse Stocks Hit New Record Lows.
There were no signs that investors' worries about the future of the Swiss lender were lessening as shares of…
Ghana’s Debt Restructuring: Eurobond Holders Face Possible 30% Cut.
As the government pursues a debt exchange program to meet the requirements for a loan from the International…
CBN Approves New Rules to Combat Money Laundering.
In order to implement the provisions of the Anti-Money Laundering, Combating the Financing of Terrorism, and…
Registrars for Capital Markets Demand Proper Identity Management.
To encourage investment in Nigeria's capital market, the Institute of Capital Market Registrars has called for…
Banks lend N1.2tn to Construction Firms.
The loans obtained by operators in the country's construction sector from banks increased from N1. 025tn…
Recession affects Businesses in the Manufacturing, Oil, and Service Sectors.
During the third quarter of 2021 and the same period of 2022, the Nigerian GDP shrank by 1. 78 percent. The total…