Ghana
Ghana Extends Invitation to US Dollar Bondholders for Debt Exchange
Accra continues its efforts to alleviate debt pressures, the finance ministry of Ghana has invited eligible holders to participate in an exchange program, ...
News
Zambia’s Debt Restructuring to Result in $7.7 Billion Savings by 2026- IMF
The International Monetary Fund (IMF) announced on Friday (July 14, 2023) that Zambia’s long-awaited external debt restructuring will lead to savings of $7.65 ...
News
Nigeria: Central Bank of Nigeria Lowers Treasury Bills Rates to Boost Liquidity
The Central Bank of Nigeria (CBN) has reduced the rates on Treasury bills instruments as liquidity remains healthy within the financial system. Despite ...
Global
Global: Meta Unveils CM3Leon- A Breakthrough in AI Image Generation
Meta, formerly known as Facebook, claims to have achieved a breakthrough in AI-powered image generation with its latest model, CM3Leon. The company asserts ...
News
Nigeria: Federal Government’s Borrowing from CBN Reaches N25tn in March, Reports Show
In the first quarter of 2023, the Federal Government of Nigeria borrowed N1.83tn from the Central Bank of Nigeria (CBN) through Ways and ...
News
Nigeria’s eNaira Struggles with Adoption Despite Blockchain Foundation
Nigeria’s ambitious plan to establish the eNaira as a mainstream digital currency has encountered significant challenges in achieving widespread adoption. From the unbanked ...
Global
Global: Swift Successfully Conducts Pilot for Instant Payments across Currency Zones
Swift, in collaboration with several international banks, has completed a successful pilot to process instant payments between different currency zones in a real ...
News
Nigeria: Naira Hits Record Low of N803/$1 at I&E Window
The exchange rate between the Nigerian naira and the US dollar plummeted to an all-time low of N803/$1 at the investor and exporter ...
Africa
Africa: President Ruto Calls for African Support of African Export-Import Bank (Afreximbank)
President William Ruto has urged African nations to rally behind the African Export-Import Bank (Afreximbank) and offer their support. He expressed Kenya’s appreciation ...
News
Nigeria: Digital Transformation of MSMEs Could Boost Nigeria’s GDP by $53 Billion- NITDA
The National Information Technology Development Agency (NITDA) has emphasized that the digitization of Micro, Small, and Medium Enterprises (MSMEs) in Nigeria has the ...
