Africa
Africa: AfDB Triples Capital to $318 Billion Under Adesina’s Decade-Long Leadership
The African Development Bank (AfDB) has reported an extraordinary 241.9% increase in its capital base over the past decade, rising from $93 billion ...
Africa
Africa: Meet the Candidates Vying to Lead the African Development Bank
As the African Development Bank (AfDB) prepares to elect its next president during its annual meeting in Abidjan, Côte d’Ivoire this Thursday, five ...
News
Nigeria: World Bank Flags Nigeria’s FDI Drop Below 1% of GDP as Afreximbank Urges Shift Toward African-Led Investment
Foreign direct investment (FDI) into Nigeria fell to less than one percent of the country’s gross domestic product (GDP) in 2024, according to ...
News
Nigeria: Access Bank and Deloitte Launch SME Business Clinic to Drive Sustainable Growth Across Nigeria
In a landmark initiative to empower Nigeria’s small and medium-sized enterprises (SMEs) for long-term sustainability, Access Bank Plc has partnered with global professional ...
News
Nigeria: Naira Holds Steady as FX Reserves Strengthen Amid Diminished Dollar Demand
The Nigerian naira maintained relative stability against the US dollar at the Nigerian Foreign Exchange Market (NFEM) on Monday, with the Central Bank ...
News
Nigeria: Capital Market Critical to Realising $1 Trillion Economy Target – Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reiterated the strategic role of Nigeria’s capital market in realising ...
News
Nigeria: Naira Firms as Corporate Dollar Demand Eases Amid CBN’s Strategic Support
The Nigerian naira posted modest gains last week against the US dollar, buoyed by subdued corporate demand for foreign exchange and signs of ...
News
Nigeria: Interbank Rates React as Banks Withdraw N1.4 Trillion from CBN Standing Facility
Short-term benchmark interest rates in Nigeria’s money market edged higher last week amid tightening system liquidity, following a significant withdrawal of funds through ...
Angola
Angola: Fitch Maintains Angola’s ‘B-’ Credit Rating with Stable Outlook Amid Structural Challenges and Fiscal Discipline
Fitch Ratings has reaffirmed Angola’s long-term foreign-currency issuer default rating at ‘B-’ with a stable outlook, citing a delicate balance between persistent structural ...
News
Nigeria: Lagos Set to Release Nigeria’s First AI Governance Guidelines—Olatunbosun Alake
Lagos State is on track to lead Nigeria’s artificial intelligence (AI) revolution with the imminent release of the country’s first AI governance guidelines, ...