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
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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
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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
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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
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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
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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.
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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
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Africa needs two-year debt relief – Ramaphosa
South African President, Cyril Ramaphosa, said on Friday that African countries needed a two-year debt standstill due to the impact
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Lafarge Africa gets new chairman as Balogun retires
Lafarge Africa Plc announced on Friday that Mr Mobolaji Balogun has notified it of his intention to retire voluntarily as
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Nigerian stock market ends nine-day gaining streak
The Nigerian stock market closed on a negative note on Friday, after recording gains for nine straight trading days. The
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