NEW NAIRA NOTES: INSUFFICIENT ALLOCATION AS DEMAND INCREASES

With the disbursement of the new naira notes comes mixed reactions as Banks and customers complain of the insufficient allocation. Some complained that the old...

BILLIONS BACKUP SUPPLY FUNDS FROM IMF FOR GHANA

According to Ken Ofori-Atta, the finance minister of Ghana, provision will be made for Ghana's first instalment which is approximately $3 billion by the...

NIGERIA’S IMPORTS FROM RUSSIA CRASHES BY 92%

Nigeria’s import from Russia has crashed to 92% this year, as the war in Ukraine persists. The foreign trade report of the National Bureau of...

Africa Climate Change Fund launches Women and Youth Entrepreneurship Project

The Africa Climate Change Fund (ACCF) Secretariat has embarked on a project to support mechanisms for climate adaptation finance for youth and female entrepreneurs. The...

NIGERIA TO ADOPT NEW CASHLESS POLICY

The Central Bank of Nigeria(CBN) has announced a new policy that will go into force nationwide on January 9, 2023. This policy limits all...

GHANA DEBT RESTRUCTURING: DOMESTIC BONDHOLDERS NOT TO BE AFFECTED

The Ghanaian Financial Minister, Ken Ofori-Atta has claimed that individual bondholders in Ghana will not be affected by the debt restructuring plans that are...

KENYAN GOVERNMENT CUTS BUDGET AND INSISTS ON NO-BORROWING POLICY

The Kenyan President, President William Ruto has made it a priority to cut down the country’s debt and its external borrowing.  Since his inauguration...

Naira redesign targeted at opposing political parties – Deji Adeyanju

Influential socio-political activist, Deji Adeyanju, on Tuesday, said the redesigning of the naira by the Central Bank of Nigeria is aimed at attacking the...

Nigeria strikes major oil deal with South Korea

Mr Femi Adesina, the special adviser on Media and Publicity to the President of Nigeria, on Thursday October 27 2022, confirmed that Nigeria had...

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