News Update
-
Debt Service Claims 70% of Nigeria’s Dollar Outflow in Q1, 2024
In the first quarter of 2024, Nigeria grappled with the weighty burden of debt service payments, which accounted for a…
Read More » -
Airtel Africa profit plunges 112% on currency devaluation In Nigeria, Malawi, Others
Airtel Africa, Nigeria’s second largest telecoms company has reported significant financial setbacks due to currency devaluations in several of its…
Read More » -
Togo’s President Signs New Constitution Eliminating Presidential Elections
Togo’s president has signed a new constitution eliminating presidential elections, his office said late Monday, a move that opponents say…
Read More » -
IMF Gives Nod as Congo Inches Closer to Historic Loan Program Completion
The Democratic Republic of Congo (DRC) received a positive review from the International Monetary Fund (IMF) on Wednesday in a crucial step…
Read More » -
Nigeria’s Cash Transfer Scheme Shows Little Impact on Household Consumption, Says World Bank
The World Bank has said Nigeria’s conditional cash transfer scheme aimed at bolstering household consumption and financial inclusion is largely…
Read More » -
Nigeria’s consumer credit scheme, explained
Consumer Credit Scheme is an intervention program of the Nigerian federal government aimed at accelerating consumer credit access to 50%…
Read More » -
Ghanaian government faces pressure following the crash of a newly imported train
Days after a train imported from Poland crashed during a test run, the government has stated that the manufacturer will…
Read More » -
Binance Executive Who Fled Nigerian Custody Arrested in Kenya, Set for Extradition
A Binance executive who escaped Nigerian custody has been arrested in Kenya and faces extradition to Nigeria this week, according…
Read More » -
Why are food prices still rising despite the naira strengthening against the dollar?
The National Bureau of Statistics (NBS), which provides official data for Nigeria, has released the inflation figures for March 2024,…
Read More » -
How Nigeria is depleting its dollar reserves to boost naira
In recent weeks, Nigeria has witnessed a remarkable turnaround in its currency dynamics, with the naira rebounding from record lows…
Read More »