Ghana’s Cedi rises by 40% against US dollar, easing debt
Ghana’s cedi currency has jumped by 40% against the U.S. dollar this year, indicating a better performance than neighbouring countries. far outperforming its African and emerging market peers, shrinking the…
Nigeria’s latest bond offer records 735% subscription
The Debt Management Office (DMO) says the latest Sukuk bond offering has recorded a total of 2.205 trillion naira, representing an oversubscription by 735%, the highest since 2017.DMO had announced…
AfDB revises Africa’s 2025 growth outlook amid rising trade tariff concerns
Africa's economic performance is expected to rise by 3.9% this year, the African Development Bank said in its African Economic Outlook on Tuesday. This year's forecast covers all 54 member…
Ghana stock exchange leads West Africa with over 30% Q1 growth
The Ghana Stock Exchange (GSE) has emerged as West Africa’s top-performing market in the first quarter of 2025, recording a 30% gain in its main index. The financial stock index…
The 5 Best Performing Nigerian Banks in 2024
Nigerian banks showcased impressive financial performance in 2024, largely driven by a high-interest rate environment and significant gains from repriced foreign exchange assets. A detailed analysis of 10 major publicly…
Nigeria Strengthens Partnership with China to Boost Industrialisation
The Federal Government of Nigeria has reaffirmed its commitment to deepening its strategic partnership with China, with a focus on accelerating the country’s industrialisation and economic transformation. President Bola Tinubu…
Dangote to begin coal exports, targets $7m daily from fertiliser sale
Aliko Dangote, Africa's wealthiest man, announced plans to begin exporting coal from Nigeria in the coming weeks, adding another source of income to Dangote Industries Limited (DIL)'s growing portfolio.When visiting…
Nigeria to ease logistics cost for exporters with new AfCFTA air corridor
Nigeria has officially launched an AfCFTA air corridor aimed at boosting exports to key African markets — Kenya, Uganda, and South Africa — while cutting logistics costs for Nigerian exporters…
Port Harcourt refinery shut down for 30 days
The Nigerian National Petroleum Company Limited (NNPCL) has confirmed the shutdown of the Port Harcourt Refining Company for 30 days in order to undergo scheduled maintenance. The maintenance, which began…
Top 10 African Countries to Invest in Right Now
Investing in Africa presents numerous opportunities for both seasoned and novice investors. The continent, often overlooked in favour of more developed markets, is experiencing a surge in economic prospects, partially…
