Cash-strapped Ethiopia eased foreign exchange curbs on Monday as part of a broad economic reform package as the International Monetary Fund approved a loan to the Horn of Africa nation…
Category: Economy
20 Promises and Challenges of Regional Integration in Africa
Regional integration in Africa holds immense promise for fostering economic growth, enhancing political stability, and promoting social development across the continent. From initiatives like the African Continental Free Trade Area…
Harnessing Africa’s Agricultural Potential: A Call for Infrastructure Investment
President of the African Development Bank, Akinwumi Adesina once said, “Infrastructure is the backbone of any successful agricultural system. Without adequate roads, storage, and irrigation, farmers cannot fully realize their…
Saudi oil giant Aramco agrees major FIFA sponsorship deal
Saudi Arabia’s state oil giant Aramco and world football governing body FIFA on Thursday announced a major sponsorship agreement until the end of 2027. The deal is the latest high-profile…
High Inflation Pushes 10 Million Nigerians into Poverty
The World Bank in its Macro Poverty Outlook for Nigeria: April 2024 has stated that rising inflation and weak earnings have pushed 10 million Nigerians into poverty in 2023.
BREAKING: Nigeria’s inflation rate hits 33.2%
Nigeria’s inflation rate rose to 33.20 percent in Mach 2024 — up from 31.70 percent in February.
Banks change ATM withdrawal limits for some customers below CBN rules
Nigerian commercial banks have set withdrawal limits on their automated teller machines (ATMs), Arabella Star Magazine can report.
NGX: Investors lose N239bn
The Nigerian Exchange Ltd.(NGX) market capitalisation on Monday closed on a negative note, losing N239 billion.
JUST-IN: CBN Begins Sales Of Forex To BDCs
The Central Bank of Nigeria (CBN) has approved the sale of foreign exchange to eligible Bureau De Change operators (BDCs) to meet the demand for invisible transactions.
Africa’s Economic Crossroads: Challenges and Pathways for Brighter 2024
Africa is the continent with the youngest and fastest-growing population in the world, as well as rapidly expanding cities and innovative industries ranging from clean energy to fintech. It is…