Finance
Nigeria’s Minister of Arts Takes $200 Million Loan from Afreximbank to ‘Boost Creative Industry’
Nigeria’s Minister of Arts, Culture, and the Creative Economy, Hannatu Musawa, has secured a $200 million loan from the African Export-Import Bank (Afreximbank),...
Naira Suffers More Depreciation at N1,669/$, After Independence Day Celebration
The Naira has suffered a significant depreciation against the US Dollar upon resumption of trading after Nigeria’s 64th Independence Day holiday. Data from...
Ghana’s Inflation Slightly Increases in September as Food Prices Rise
Ghana’s year-on-year inflation rate has increased to 21.5 per cent in September, up from 20.4 per cent in August. This marks the first...
Kenya’s Inflation Rate Drops to 3.6% in September, Marking a 12-Year Low
Kenya’s inflation rate fell to 3.6 per cent in September 2024, down from 4.4 per cent in August, according to the Kenya National...
Tanzania Mandates Gold Dealers To Be Selling 20% Of Gold To Central Bank Starting Oct. 1
Tanzania’s mining regulator has mandated that all mining companies and traders exporting gold must sell at least 20 per cent of their gold...
Zimbabwe’s ZiG Drops Over 40% After Exchange Rate Adjustments
Zimbabwe’s new currency, the ZiG, fell by over 40 per cent after the central bank adjusted the official exchange rate to match the...
Four Employees of Canadian Mining Firm Arrested in Mali for Financial Crimes
Four employees of Canadian mining company Barrick Gold were reportedly arrested in Mali earlier this week. The arrests come amid rising tensions between...
CBN Extends Suspension on Cash Deposit Fee to March 2025
The Central Bank of Nigeria (CBN) has extended the suspension of cash deposit fees to March 31, 2025. This was stated in a...
UNICEF Kano Manager Warns That Nigeria’s Little Investment in Education is Affecting Children’s Learning
UNICEF has called for increased investments in Nigeria’s primary education sector to tackle challenges like low enrollment and inadequate learning outcomes. Michael Banda,...
Libya’s Rival Factions Agree to End Central Bank Dispute, Oil Production to Resume
Libya’s rival factions have agreed to resolve a long-standing dispute over the leadership of the Central Bank of Libya (CBL). This move could...
Alert: US Oil Giant Exxon Plans $10 bn Lobito Corridor-Style Offshore Extraction Investment In Nigeria
ExxonMobil has announced a $10 billion investment plan in Nigeria’s offshore oil operations. Nigeria’s Vice President, Kashim Shettima, disclosed this during a meeting...
Sokoto Governor Approves Over N1.1 Billion for ‘Boats and Life Jackets for Flooded Communities’
The Sokoto State government has approved N1.1 billion to purchase motorised boats and life jackets for flood-prone communities across 22 Local Government Areas....