The Central Bank of Nigeria (CBN) has increased the benchmark interest rate by 50 basis points to 18%. The decision was made by the Monetary Policy…
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The closure of Silicon Valley Bank, a popular choice among start-ups and venture capitalists, by the FDIC due to a bank run pounded global bank stocks…
Ghana’s Central Bank has lauded the African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative for its role in equipping women-owned businesses to…
National Bureau of Statistics on Wednesday, March 15, 2023, disclosed that the nation’s inflation rate has risen to 21.91%, compared to January 2023 rate of inflation…
The U.S. ambassador to Kenya announced Monday that Washington will contribute over $100 million to the East African nation to increase access to safe drinking water,…
The Nigerian economy has lost a staggering N20 trillion due to the removal of cash from circulation, according to a report by the Centre for Public…
The Central Bank of Nigeria (CBN) on Monday said old N200, N500, N1,000 bank notes remain legal tender till December 31, 2023. While addressing the press…
According to a document posted on the World Bank website, Kenya and the bank have raised the amount under consideration for a possible budget support loan…
According to a document released on the World Bank website, Kenya and the bank have boosted the amount under negotiation for a prospective budget support loan…
Standard and Poor’s Global Ratings downgraded its outlook on South Africa to stable from positive, citing severe rolling blackouts. The rating agency says South Africa’s constraints…