Fitch, a global credit rating agency, has upgraded the outlook on Nigeria’s long-term foreign-currency issuer default rating (IDR) to ‘stable’ from negative and affirmed the IDR at ‘B’. The outlook

The African Development Bank has been selected in a poll of bond market players as the best issuer in 2020 of a COVID-19 bond for its $3 billion dollar-denominated Fight

The OPEC+ group raised their total seaborne exports in September to 22.84 million barrels per day (bpd) from 22.11 million bpd in August, but the alliance stayed within its agreed

Founder and Chief Executive Officer of the Dangote group, Aliko Dangote has said Nigeria will by 2021 become the largest exporter of cement in Africa, a feat he said was

Nigeria’s Central Bank Governor Godwin Emefiele says the financial regulator is working hard to return Nigeria to the path of a sustainable and diversified economy which the county started with

Executives of some of the largest commercial banks in African have expressed their thoughts on the Nigerian project and the country’s economy during a virtual event organized by the THISDAY

South Africa has lifted the ban imposed on air travel from African countries. President of South Africa, Cyril Ramaphosa said the ban was lifted to facilitate free movement of people,

Kenya’s Central Bank has decided to leave the country’s headline interest rate unchanged at 7%. The monetary policy body says its current accommodative policies are good enough. Like other central

The African Export-Import Bank (Afreximbank) on Tuesday announced a $100 million financing to enable its member states procure COVID-19 related medical resources through the Africa Medical Supplies Platform (AMSP). The

Lillian Jijingi   Figures just released by Statistics South Africa shows the jobless rate in Africa’s most industrialized nation fell to 23.3% from 30.1% in the second quarter of this

The World Business Angels Investment Forum Monday announced the African Development Bank (www.AfDB.org) as its newest board member. In this capacity, the bank will represent Africa’s early-stage equity markets, entrepreneurship

The Kenya Bankers Association (KBA) has signed a collaboration agreement with tech-firm Huawei-Kenya that seeks to deepen financial inclusion in the banking sector through further deployment of technology and building

Abel Ejikeme Nigeria’s Minister of State for Petroleum, Mr. Timipre Sylva on Monday allayed fears of staffers of the Nigerian National Petroleum Corporation (NNPC), over the alleged plan of scrapping

Oil prices dipped on Monday as rising coronavirus cases upset hopes for a smooth recovery in fuel demand, with the main crude benchmarks on track for their first monthly falls

Goddy Egene The Nigerian equities market gained a record N350 billion last week as investors swooped on stocks in search of higher returns following a cut in the Monetary Policy

With a total debt burden of N5.39 trillion as at the end of December 2019, the 36 states of the federation are no longer eligible to borrow from the capital

The African Export-Import Bank (Afreximbank) announces that Fitch Ratings has affirmed the bank’s long-term Issuer Default Ratings (IDR) at ‘BBB-‘ with a stable outlook. The agency also affirmed the Bank’s

Lillian Jijingi Barclays, Lloyds, French bank Societe Generale, US investment bank Goldman Sachs and other major banks are now telling hundreds of their UK staff to go back and work

Lillian Jijingi Zambia became the first African country to ask bondholders for relief since the onset of the coronavirus, seeking to defer interest payments on its Eurobonds as it battles

Lillian Jijingi As Libya prepares to resume oil production, concerns have been raised over who supervises its export and how to ensure oil revenue will be divided equally among interested