Tanzania central bank cuts interest rate for banks
The Bank of Tanzania has reduced its discount rate for commercial banks from seven percent to five percent, with effect
Read more
Latest
Kenya’s risk of debt distress now high – IMF
The International Monetary Fund has raised Kenya’s risk of debt distress to high from moderate due to the impact of
Read more
Tourism worst hit as countries impose restrictions on travel
The tourism sector has taken a serious beating from the COVID-19 crisis as 100 percent of global destinations continue to
Read more
Foreign investment in Nigeria will plummet, says NESG
Foreign investment inflows into Nigeria will experience significant decline in 2020 given the fall in crude oil price, external reserves
Read more
Beware, cyberattacks are on the rise!
By Ben Ologunde As COVID-19 hit a world unprepared, criminal minds are proving to be deadly with the development of
Read more
Electricity tariff hike or improved supply: which should come first?
By Dr Ayodele Oni Tariffs flow from you and I (consumers) to electricity distribution companies, which then pay everyone else
Read more
Foreign investors dump Nigerian stocks worth N187bn in Q1
Foreign investors offloaded Nigerian stocks worth N186.6 billion in the first three months of this year. The investors withdrew N46.5
Read more
CBN guarantees investors of dollars for funds repatriation
Investors interested in repatriating their funds from the country are guaranteed to get their money, despite the drop in Nigeria’s
Read more
Nigerian households spent N22.78tn on food in 2019 – NBS
Households in Nigeria spent a total of N22.78 trillion on food in 2019, the National Bureau of Statistics has said.
Read more
Ghana directs Italian major to combine oil deposit with local firm
Ghana’s government directed Eni SpA to start talks on combining its deposit at an offshore field with a neighboring explorer, according
Read more