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Ghana’s inflation eases for third straight month, now 22.4%
Ghana's annual consumer inflation rate decreased for the third consecutive month, falling to 22.4% in March from 23.1% in February, as reported by the statistics agency on Wednesday. This decline is attributed to a reduction in food price pressures.The central bank of Ghana is likely to view this easing of inflation favorably, especially after it unexpectedly raised interest rates by…
Nigeria picks former shell executive as new NNPC boss
Nigerian President Bola Ahmed Tinubu has appointed Bayo Ojulari, a former executive at Shell, to lead the state-owned oil company NNPC Ltd. This decision, announced by the presidency on Wednesday, comes as the nation aims to increase oil production and enhance its refining capabilities.Following the removal of expensive subsidies and two devaluations of the naira currency during his first year…
Net FX reserves hit $23bn, new three year high
Nigeria’s net foreign exchange reserves (NFER) has increased to its highest level in over three years, reflecting the impact of recent measures by the Central Bank of Nigeria (CBN).In a statement on Tuesday, the CBN said, “NFER stood at $23.11 billion, the highest level in over three years, a marked increase from $3.99 billion at year-end 2023, $8.19 billion in…
SEC announces new measures to protect investors in Nigeria
The Security and Exchange Commission, SEC, has unveiled new measures to protect…
FIRS partners with Flutterwave to digitise tax collection
Nigeria's tax regulatory body, FIRS, has integrated Flutterwave's new payment technology to…
DMO offers N300 billion in new bond re-opening
The Debt Management Office has announced a new bond offering pegged at…
Dangote may halt petrol supply to Nigeria over failure of new crude swap deal
There are growing concerns over the possible disruption of petrol supply in…
FIRS commits to enhancing tax policy in West Africa
The Federal Revenue Service has set out to strengthen tax policy formulation…
Inflation to drop further in next 6 months – CBN
The Central Bank of Nigeria is projecting a further drop in inflation…
Nigeria, Brazil sign new agreement to boost food production
Nigeria and Brazil signed a $1.1 billion Green Imperative Project (GIP) to…
MTN to divest its fintech operations in 3 countries
MTN Group is progressing with plans to divest its fintech operations in…
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The Emergence of Green Entrepreneurship: Pioneering eco-friendly business ventures
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Ripple, Chipper Cash to boost cross border payments in Africa
Ripple, a top crypto-enabled payment solution, has announced a new partnership with Chipper Cash, to enhance seamless payments across Africa.With this partnership, both payment platforms will facilitate faster, more affordable,…
