US, Afcfta signs MoU to Promote Business.
The US Chamber of Commerce, through its subsidiary, the US-Africa Business Center, has signed a Memorandum of…
Nigeria’s Import from Russia Dropped by 92%.
Nigeria's import from Russia has crashed significantly, hitting its lowest this year, as the war in Ukraine…
There are Currently no Takers for the Debt Exchange Program.
The Central Securities Depository Limited (CSD) is still waiting for the consent of institutional bondholders…
In 2022, Airlines will Pay an Additional $222 billion for Fuel.
According to the International Air Transport Association, airlines will pay an additional $222 billion for fuel…
Architectural Business Cannot Claim Sh1.4 billion from NHIF.
A consultant's attempt to recover Sh1.4 billion from the National Health Insurance Fund (NHIF) for a bungled deal…
Kenya’s Highest and Lowest Paying Industries are Revealed.
The financial and insurance sectors employ the greatest proportion of Kenyans earning more than Sh100,000,…
Growth Expectations, Monetary, and Fiscal Policies.
Fiscal and monetary policy are essentially macroeconomic instruments used to control or stimulate the economy.…
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%…
Export repatriation: DMBs to Lend N500 billion to Export Firms According to CBN.
The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DMBs) to grant at least N500 billion in loans…
PenCom has Identified 34 Lenders for the Mortgage Scheme.
The National Pension Commission has released a list of 34 mortgage lenders to begin the mortgage scheme's…
OPEC Forecasts Robust Global Oil Demand Growth in 2023.
OPEC said that it expected robust global oil demand growth in 2023, with potential economic upside from a…
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…
Nigerians Abroad with Expired Passports are Permitted to Return – NIS.
The Nigeria Immigration Service declared that travellers returning to Nigeria may enter the nation using a…
Goldman AM Predicts 2023 will be the most Promising Year for Bonds in Almost a…
According to Gurpreet Gill, macro strategist for global fixed income at Goldman Sachs Asset Management, the coming…
CBN Allocates N10 trillion to Manufacturers.
Aishah Ahmad, Deputy Governor, the Financial System Stability Directorate, Central Bank of Nigeria, has expressed…
US Pledges to Invest $55 billion in Africa before the Summit.
As President Joe Biden gears up to host the U.S.-Africa summit this week and speak with a select group of leaders…
UK Jobless Rate Increases, but Salary Growth Worries the Bank of England.
The unemployment rate in Britain increased for a second month, and as the economy struggles, some of the…
Nigeria Rescinds the COVID-19 Examinations for International Travellers.
The COVID-19 testing requirement for international travellers was lifted by Nigeria on Monday, 12th December 2022…
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…
Britain prepares for Strike Action as Nurses Walk Out.
The largest wave of industrial action to hit the nation in decades will hit Britain as nurses strike, putting…
NNPC Increases the Number of Major Marketers to 27
As part of efforts to address the country's persistent fuel shortage, the Nigerian National Petroleum Company…
Absa Says Africa’s Top Investment Destinations Includes Tanzania.
Tanzania has been rated as one of the best investment locations in Africa due to its robust regulatory…
Kenya’s Centum Pays Dollar Loans to Cut Costs Over a Weak Shilling.
Investment company Centum intends to pay off its dollar-denominated debt soon in order to avoid increasing finance…
MRS SubsidIary’s $300m Purchase Of Chevron Oil Block From NNPC Allows For The…
Nigerian National Petroleum Company Limited (NNPCL) will supply 8,000 barrels of crude per day for four to five…
Yellen Predicts that by the End of 2023, US Inflation will be Significantly Lower.
Barring an unexpected shock, U.S. Treasury Secretary Janet Yellen predicted a significant decline in inflation in…
Bloomberg Report: The Ghana Cedi Gains the most against the US Dollar.
According to Bloomberg, as Ghana begins restructuring domestic debt, the Ghana Cedi posted the largest gain…
Equity, NCBA fight over Sh160 million Nairobi Property.
In a legal dispute over a building in Nairobi that the two lenders claimed to have financed at a cost of Sh160…
South Africa’s Aspen gets $30 mln Grant from Bill Gates Foundation to make…
Aspen Pharmacare (APNJ.J) has wrapped up pacts to secure funding of $30 million from the Gates Foundation and the…
Super Central Bank Week Pressures Crypto Market.
Following its last six significant rate increases in 2022, the US Federal Open Market Committee (FOMC) declared…
Kenya Incurs Additional Foreign Debt of Sh5.4 billion.
In the fiscal year that ended in June, Kenya's external debt servicing costs increased by Sh5. 4 billion,…