AfDB PRESIDENT ASKS FOR INCREASE IN YOUTH INVESTMENTS IN AFRICA

The AfDB president has stressed his belief that the future of the African youths lies more within Africa than in any other continent. He...

ZIMBABWEANS SEEK OUT THE BLACK MARKET AS PRICES RISE

Zimbabweans are currently suffering from severe inflation. The inflation rate is currently at 131.7%. The people are without help as they have to succumb to...

CBN HIKE ON INTEREST RATE MAY MANDATE MOVES FOR ACCESS, ZENITH, AND OTHERS TO INCREASE INTEREST ON SAVINGS

As inflation increases in the country, the Central Bank of Nigeria (CBN) on Wednesday 24th of May increased its interest rate. With this, depositors...

NIGERIA’S LOW CREDIT TO GDP RATIO UNDERMINES PRIVATE SECTOR CREDIT GROWTH

Recent data from the Central Bank of Nigeria (CBN) revealed that the credit issued to the Nigerian private sector rose to N43 trillion but...

WEAK RAND JEOPARDIZES SOUTH AFRICA’S IMF BEATING RECORD

A diplomatic spat between the United States and South Africa that has brought the rand to its worst level may end Pretoria's record of...

NIGERIA RECORDS FOREX SUPPLY OF $15.2 BILLION VIA OFFICIAL WINDOW

Nigeria’s foreign exchange supply, through the official window, has increased to $15.2 billion, representing a 17.7% rise from 2021 and a 46.4% increase from...

NIGERIAN COMPANIES REPORTS ONLY 2% CONTRIBUTION FROM EXPORT REVENUES

An analysis of the financial statement of some manufacturing companies quoted on the Nigerian Exchange reveals their revenue mix includes over 98% local sales...

OIL FIRMS OWE BANKS 7 TRILLION NAIRA, SAYS CBN

Reports from the Central Bank of Nigeria (CBN), shows that bank loans to oil companies involved in the upstream and downstream sectors of the...

NIGERIA TO EARN $4 BILLION FROM ABUJA, KANO AIRPORT CONCESSION

Nigeria will receive over $4 billion in nominal revenue as the Federal Executive Council (FEC), approved the concession of the Corporacion American Airport Consortium...
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