Africa News Africa receives $4.61b in loans from China in ’23 Aya Anwar Aug 29, 2024 0 Chinese lenders approved $4.61 billion in loans to Africa in 2023, the first annual increase since 2016, according…
Africa News Dangote refinery seeks to expand crude imports Aya Anwar Jul 21, 2024 0 Nigeria's Dangote refinery is negotiating with Libya to secure crude for its 650,000 barrels per day (bpd) plant…
Africa News Nigeria implements measures to curb food inflation Aya Anwar Jul 10, 2024 0 Nigeria is tackling soaring food inflation, the worst in three decades, with new measures. The government plans a…
Featured Bahamas mandates banks to adopt CBDC Aya Anwar Jul 1, 2024 0 The Bahamas, the first country to issue a central bank digital currency (CBDC), is drafting regulations to mandate…
Africa News Nigeria to maintain fixed petrol prices in ’24 budget Aya Anwar Jun 6, 2024 0 Nigeria plans to spend 5.4 trillion naira ($3.7 billion) in 2024, a 50 per cent increase from 2023, to maintain…
Africa News Agriculture boosts Nigeria’s economy Aya Anwar May 28, 2024 0 Nigeria’s economy received a boost of N309 billion following the initiation of dry season farming, focusing on…
Africa News Zimbabwe approves Musk’s Starlink Aya Anwar May 26, 2024 0 Zimbabwe's telecommunications regulatory authority has approved Elon Musk's Starlink, the satellite arm of SpaceX,…
Africa News Nigeria raises rates to 26.25% Aya Anwar May 21, 2024 0 Nigeria's central bank has implemented a significant adjustment, raising its benchmark lending rate from 24.75 per…
Africa News Nigeria’s naira decline prompts rate discussions Aya Anwar May 21, 2024 0 The Nigeria's naira has sharply declined since mid-April, with a 28-year high inflation rate likely prompting the…
Africa News Nigeria opens oil blocks for intl. investment Aya Anwar May 8, 2024 0 Nigeria has extended an invitation to international investors possessing both financial prowess and technical…