Businesses optimistic about improved conditions- CBN survey
The Central Bank of Nigeria (CBN) has released its Business Expectations report, indicating a surge in optimism among business owners regarding improved conditions for doing business in the country. The…
CBN records remittance inflow of $553m in July
The Central Bank of Nigeria (CBN) has announced a historic surge in remittance inflows, reaching an all-time high of $553 million in July 2024. This is according to a statement…
SEC to license Cryptocurrency platforms in Nigeria
The Nigerian Securities and Exchange Commission (SEC), has announced plans to issue licenses to cryptocurrency exchanges platforms in Nigeria.Nigeria has one of the fastest-growing crypto economies globally, with a very…
Rwanda Central Bank lowers interest rate
Rwanda Central Bank has lowered the benchmark interest rate by 60 basis point to 6.5% in a move it says will stimulate lending and boost economic activity in the Country.The…
Top 10 Countries with the highest fuel price in Africa
Central African Republic has been rated number on the list of the top 10 countries with the highest fuel price in Africa. The list was released by Globalpetrolprices.com and presents…
Qatar Airways to acquire 25% stake in Airlink
Qatar Airways will acquire 25% stake in South Africa's Airlink as part of its plan to further expand its network route in Africa.Qatar Airways' Group Chief Executive Al Meer announced…
Nigeria to sell crude oil to Dangote refinery in Naira from October
Nigeria will begin sale of Crude oil to Dangote refinery in Naira from October 2024. This was made known in a post on the Ministry of Finance's X handle.The announcement…
FG opens bids for $500m domestic bond at 9.75% interest rate
The Debt Management Office of the Federal Government has started accepting bids for its $500 million dollar-denominated domestic bond.The bond, which opened for subscription on August 19, 2024, boasts a…
Banks’ assets increase to N1201.8 trillion
The banking sub-sector of Nigeria's Financial & Professional Services (FPS) industry has experienced remarkable growth, with total assets increasing by 56.14% to N121.8 trillion. This surge is highlighted in the…
Forex reserves falls by $342.97 million, first time in four months
Nigeria's foreign exchange reserves have experienced a decline, dropping by approximately $342.97 million over nine days. As of August 15, 2024, the reserves stood at $36.53 billion, marking a 0.93%…
